0001350102-14-000049.txt : 20140730 0001350102-14-000049.hdr.sgml : 20140730 20140730122724 ACCESSION NUMBER: 0001350102-14-000049 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20140730 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20140730 DATE AS OF CHANGE: 20140730 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Ascent Solar Technologies, Inc. CENTRAL INDEX KEY: 0001350102 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 203672603 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32919 FILM NUMBER: 141002020 BUSINESS ADDRESS: STREET 1: 12300 GRANT STREET CITY: THORNTON STATE: CO ZIP: 80241 BUSINESS PHONE: (720) 872-5000 MAIL ADDRESS: STREET 1: 12300 GRANT STREET CITY: THORNTON STATE: CO ZIP: 80241 8-K 1 form8-k_q22014earningsrele.htm 8-K Form 8-K_Q2 2014 Earnings Release


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________________________________________ 
FORM 8-K
 ______________________________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): July 30, 2014

 ______________________________________________________
                    
ASCENT SOLAR TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
 
 ______________________________________________________
                     
 
Delaware
 
001-32919
 
20-3672603
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(I.R.S. Employer
Identification No.)
 
 
 
 
 
12300 Grant Street
Thornton, Colorado
 
80241
(Address of principal executive offices)
 
(Zip Code)
Registrant's telephone number, including area code:    (720) 872-5000
Not Applicable
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))






Item 2.02
Results of Operations and Financial Condition.

On July 30, 2014, Ascent Solar Technologies, Inc. issued a press release announcing its preliminary revenue results for the quarter ended March 31, 2014. A copy of the press release is attached hereto as Exhibit 99.1.

The information in this Item 2.02 and the exhibit hereto are being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 9.01
Financial Statements and Exhibits.

(d) Exhibits.

Exhibit 99.1 Press Release issued by Ascent Solar Technologies, Inc., July 30, 2014.







SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
 
 
 
ASCENT SOLAR TECHNOLOGIES, INC.
 
 
 
 
 
 
 
 
July 30, 2014
 
 
 
By:
 
/s/ William M. Gregorak
 
 
 
 
 
 
 
 
Name: William M. Gregorak
 
 
 
 
 
 
 
 
Title: Chief Financial Officer and Secretary



 EX-99.1 2 exhibit991-pressreleasedat.htm EXHIBIT 99.1 Exhibit 99.1 - Press Release dated July 30, 2014


Exhibit 99.1


Ascent Solar Announces Preliminary Q2 Revenue Results - EnerPlex™ Quarterly Sales Reach $1M


July 30, 2014
 
THORNTON, Colo.--(BUSINESS WIRE)-- Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer and manufacturer of state-of-the-art, flexible thin-film photovoltaic modules integrated into the company's EnerPlex™ series of consumer products, announced today preliminary revenue results for the Company's second quarter ended June 30, 2014.
Based upon preliminary data, the Company expects to post second quarter revenue of approximately $1.1 million, an increase of 45% over the first quarter of 2014. This also represents an approximately 4-fold revenue increase from second quarter of 2013.
Revenue from operations of the company's EnerPlex™ consumer products division increased quarter over quarter to $1.0 million, a 50% sequential growth over the first quarter of 2014. This result represents the first million dollar product revenue ever generated in a single quarter in the Company's history. Government R&D contracts and Specialty Market PV comprised the remainder of the quarter's revenue.
The Company had previously given investors revenue guidance for the full year 2014 of about $5 - $6 million. The Company continues to stand by this and expects to end the year at the higher end of the guidance.
Victor Lee, President & CEO of Ascent Solar, said, "The acceleration of our EnerPlex growth trajectory demonstrates the success of our product and sales channel strategies. Most notably, EnerPlex sales of $1M, which represents greater than 750% growth over our second quarter of 2013, is a significant milestone for the company. The strong momentum of EnerPlex will accelerate as we continue to roll out more innovative products in the second half of the year."
For more information about the EnerPlex line of products, visit www.goenerplex.com.
The Company believes the EnerPlex product line is changing the paradigm of solar-integrated consumer electronics, providing consumers with lightweight, powerful and extremely durable charging solutions for all their portable electronics.
The preliminary, unaudited information provided above is based on the Company's current estimate of results from operations for the second quarter of 2014 and remains subject to change based on the Company's quarterly closing procedures including our execution of our internal controls over financial reporting, or the subsequent occurrence or identification of events prior to the formal issuance of the quarterly financial statement.
About Ascent Solar Technologies:
Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules with substrate materials that are more flexible, versatile and rugged than traditional solar panels. Ascent Solar modules can be directly integrated into consumer products and off-grid applications, as well as aerospace and building integrated applications. Ascent Solar is headquartered in Thornton, Colorado. For more information, go to www.ascentsolar.com.




About EnerPlex (and design)™:
EnerPlex is a registered trademark in the USA, European Community, Australia, Japan and Hong Kong. The EnerPlex brand represents Ascent's line of consumer products. These products, many of which are integrated with Ascent's proprietary CIGS technology, provide consumers with the ability to integrate solar into their everyday lives, while enabling them to free themselves and their electronics from the outlet. For more information on the EnerPlex brand and to see the product line, please visit www.goenerplex.com.
Forward-Looking Statements:
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with the Securities and Exchange Commission.

CleanTech IR, Inc.
Brion D. Tanous, 310-541-6824
Mobile: 424-634-8592
btanous@cleantech-ir.com
or
Ascent Solar Technologies
Justin R. Jacobs, 1-720-872-5194
jjacobs@ascentsolar.com