Shares of Ascent Solar Technologies, Inc. (ASTI) soared more than 82% to touch the $0.1299 mark in early trade Monday after the company posted its highest recorded quarterly net revenue in its preliminary financial results
For the fourth quarter 2015, ASTI reported - preliminary, unaudited - net revenue of $2.4 million, representing an approximately 90% increase sequentially. On a full year basis, the company posted net revenue of $6.5 million, an approximately 23% increase year over year
According to ASTI, the EnerPlex(TM) brand consumer product line continued to realize growing consumer acceptance, contributing nearly the entirety of the fourth quarter revenue and approximately 90% of the full year 2015 revenue.
ASTI recently said that its products, awarded a GSA Schedule 56 contract beginning December 15th, 2015, have gone live on the United States Federal Government purchasing website: www.gsaadvantage.gov.
ASTI shares are trading at $0.1170, up $0.046 (or +64.79%)
ASTIis a developer of award winning thin-film photovoltaic modules with substrate materials that are more flexible, versatile and rugged than traditional solar panels. ASTI's modules can be directly integrated into consumer products and off-grid applications, as well as aerospace and building integrated applications. EnerPlex is the Company's brand of consumer products and is a division of ASTI
Disclaimer: The disclaimer is to be read and fully understood before using our site, or joining our email list. CRWEWorld Finance is not a registered investment adviser. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Investors should always conduct their own due diligence with any potential investment, with independent research and other professional advice. Read Full Disclaimer at www.crweworld.com/finance_disclaimer