Ascent Solar provides corporate update on customer pipeline, revenue potential

Ascent Solar Technologies published a corporate update detailing its customer and revenue potential, as well as its strategy to meet growth opportunities in its two primary customer verticals of aerospace and agrivoltatics. The published report can be found here. The report outlines revenue projects for the remainder of 2024, including $1M to $1.2M in Q2; $3M to $5M in Q3; and $5M to $7M in Q4, totaling $9M to $13.2M for the entire year. Further, the Company anticipates 2025 revenue reaching $50M to $80M. These figures are estimated based on current customer discussions and testing coupled with a rapidly growing market opportunity in aerospace and photovoltaics, and does not reflect revenue under contract. The report also outlines the competitive advantages possessed by Ascent, outlines the Company’s robust patent portfolio, and details its customer-acquisition strategies within its respective market focuses of aerospace and agrivoltaics it is already commercially active in. This report follows Ascent’s February 2024 announcement about its solar module products being selected to fly on NASA’s upcoming Lightweight Integrated Solar Array and AnTenna mission, scheduled for launch this summer.