Ascent Solar posted a net loss of $4 million for the six months ended June 30, 2026, widening 7%.
Revenue rose to $147,147, up more than doubled, helped by more orders and $23,000 of milestone and engineering revenue.
Operating loss widened to $4.21 million as total costs and expenses climbed to $4.36 million, led by higher selling, general and administrative expense.
Cash used in operations increased to $3.81 million, while cash provided by financing activities jumped to $15.76 million on a PIPE stock sale and warrant exercises.
Management flagged substantial doubt about its ability to continue as a going concern, citing recurring operating losses and the need for additional financing.
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