Weekly renewables M&A round-up (May 16-20)
May 20, 2022 17:01 CESTto-the-point: Ascent Solar sees 2015 revenue at USD 10m-12m
March 19 (SeeNews) - US flexible thin-film photovoltaic (PV) modules developer Ascent Solar Technologies Inc (NASDAQ:ASTI) on Wednesday guided for revenues of between USD 10 million (EUR 9.3m) and USD 12 million for 2015 as it reported 2014 results.
In 2014, the company generated revenues of USD 5.3 million, an increase from USD 1.3 million in the previous year. Fourth-quarter revenues were USD 2.4 million, with the company's EnerPlex series of consumer products accounting for USD 2.3 million.
Loss from operations widened to USD 33.9 million in 2014 from USD 28.2 million in 2013, reflecting higher advertising, marketing and promotional expenses, according to the statement.
(USD 1.0 = EUR 0.928)
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