Aurora Solar posts first profits

Facebook
Twitter
LinkedIn
Reddit
Email
AST noted that its Decima infrared technology and Veritas software had been purchased major PV manufacturers in China, Korea, Singapore, Taiwan and Europe over he last 12 months. Image AST

Inline solar cell measurement equipment specialist Aurora Solar Technologies (AST) has reported its first period of profitability as demand for process control tools for PERC and bifacial cells grows.

AST reported fiscal first half 2017 revenue of CAD$1,565,695, an increase of 545% from the same period last year and exceeded annual revenue set in fiscal 2017. The company also reported record revenue of CAD$1,418,176 for the fiscal second quarter.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Income was positive by CAD$178,167 representing the first profitable quarter in the company’s history.

AST reported fiscal first half 2018 revenue of CAD$1,565,695, an increase of 545% from the same period last year and exceeded annual revenue set in fiscal 2017.

Michael Heaven, Aurora’s Chief Executive Officer said, “We shipped a record number of systems in the second quarter and, while near term quarterly shipments are expected to fluctuate, we continue to see strong traction of our systems for monocrystalline PERC and bifacial applications supporting a positive year over year revenue growth outlook. “Our goal remains to establish our technology as the global quality measurement standard in the Solar cell manufacturing industry”.

AST noted that its Decima infrared technology and Veritas software had been purchased by major PV manufacturers in China, Korea, Singapore, Taiwan and Europe over the last 12 months as well as ongoing evaluations from other manufacturers, notably for high-efficiency applications such as monocrystalline PERC and bifacial solar cells. 

Both applications require sensitive handling and hands free automated measurement to access quality post diffusion furnace processing and ensure faster production ramps and better overall yield by identifying poor quality solar cells early in the process, according to the company. 

AST said that it was currently tracking a number of large order opportunities representing a range of 36 to 75 systems with order decisions expected within the next 3 to 6 months.

The company had unrecognized revenue from shipments and order backlog of approximately CAD$1,000,000, which was expected to be realized into revenue in its current fiscal year.

7 October 2025
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 7-8 October 2025 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023 and 2024 were a sell out success and 2025 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.
10 March 2026
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.

Read Next

August 6, 2025
The Indian Ministry of New and Renewable Energy (MNRE) has published the approved list of models and manufacturers (ALMM) for solar cells, which contains 13GW of annual nameplate capacity across six manufacturers.
August 6, 2025
A subsidiary of JinkoSolar has filed a lawsuit in Munich accusing LONGi Green Energy and several subsidiaries of infringing on a solar cell manufacturing patent.
August 5, 2025
China’s leading polysilicon firms are reportedly considering shutting down one third of the country’s polysilicon capacity and restructuring the sector, following years of overcapacity and tumbling prices.
August 4, 2025
US solar PV recycling firm, Solarcycle, has produced a pilot module using 50% recycled glass from other decommissioned panels, which it says matches the performance of entirely new products.
August 1, 2025
The Q3 edition of our downstream solar PV journal, PV Tech Power, is now available to download.
July 30, 2025
Donald Trump has announced a 25% tariff on all imports entering the US from India from the 1st August 2025.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines