Ascent Solar improved revenue and decreased loss
Post date: 14/11/2017 - 18:36
US-based CIGS module manufacturer Ascent Solar Technologies Inc posted net revenue of $242,000 for Q3 2017 compared to $452,000 in Q3 2016. The loss from operations continued to maintain at about the same level as last quarter at $3.26 million but improved significantly, by about 41 percent, as compared to the loss during the same period last year of $5.54 million. The net loss for the quarter also narrowed to approximately $2.35 million, an improvement of about 80 percent from $-11.79 million in corresponding quarter in 2016.
Regarding the first nine month, revenue was $547,000 ($1.3 million). Loss was $12.6 million ($-33.4 million)