Ascent Solar’s losses outweigh revenue for 2014

Facebook
Twitter
LinkedIn
Reddit
Email

Flexible CIGS thin-film producer Ascent Solar Technologies reported 2014 annual revenue of US$5.33 million on net losses of US$43.3 million. 

Ascent Solar’s product sales, which target consumer, commercial and military applications in primarily portable energy applications topped US$5.0 million in 2014, supported by US Government R&D projects worth US$323,123. 

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Revenue increased by 308% from the previous year, while R&D project revenue increased by US$124,000 from the prior year. 

A key part of Ascent Solar’s losses were attributed to research, development and manufacturing operation costs, which totalled U$24.5 million in 2014, compared to US$21.3 million in 2013. 

Loss from operations increased from US$28.2 million in 2013 to US$33.9 million in 2014, due to an increase in advertising, marketing and promotional expenses, according to the company.

Ascent Solar completed a US$35 million preferred stock and convertible debt financing with an institutional investor in the fourth quarter of 2014 to improve liquidity. 

“I am excited about the potential of the Company after delivering our first ever $5M revenue mark in the history of Ascent Solar,” said Victor Lee, President and CEO of Ascent. “With the ongoing expansion of our distribution channels, I am optimistic to set yet another significant revenue milestone of over $10M. The reconstruction of Ascent Solar in the past 3 years is beginning to yield results, and we are fully prepared to execute our business plan.”

The company guided 2015 revenue to be in the range of US$10 million to US$12 million. 

Read Next

July 9, 2026
The EU ban on issuing funds for energy projects using Chinese inverters could affect around 14% of the bloc’s solar demand through 2030, according to new analysis from energy market research firm Wood Mackenzie.
July 9, 2026
The maximum price for renewable energy projects awarded Contracts for Difference (CfD) under the UK government's Allocation Round 8 (AR8) auction has remained at £75/MWh (US$100/MWh).
July 9, 2026
Clean energy investor confidence in Australia has deteriorated sharply over the past year, according to the Clean Energy Investor Group (CEIG).
July 8, 2026
The Australian government launched a First Nations Set Aside pilot within its CIS, reserving 500MW of renewable energy capacity in Tender 9.
July 8, 2026
NERSA approved licences for four REIPPPP Bid Window 7.3 solar projects, clearing over 1GW of new capacity in South Africa.
Premium
July 8, 2026
The combination of grid shortages and massive recent expansion has put European solar developers in a “critical” position, according to the CEO of veteran German solar EPC and developer, Belectric.

Upcoming Events

Solar Media Events
October 13, 2026
San Francisco Bay Area, USA
Solar Media Events
November 3, 2026
Málaga, Spain
Solar Media Events
November 24, 2026
Warsaw, Poland
Solar Media Events
April 20, 2027
Istanbul, Türkiye