Ascent Solar Technologies Inc (ASTI)

[Drugdoctor]

OMG - Loss from Operations (7,140,741)

OMG - that is horrible...


Quarterly Report (10-q)

http://ih.advfn.com/p.php?pid=nmona&article=72216932

Comparison of the Three Months Ended June 30, 2016 and 2015
Revenues. Our net revenues were $255,000 for the three months ended June 30, 2016 compared to $2,234,000 for the three months ended June 30, 2015 , a decrease of $1,979,000 . Revenues for the three months ended June 30, 2016 include $246,000 of product sales compared to $2,143,000 for the three months ended June 30, 2015 , a decrease of $1,897,000 . The decrease in product sales is largely the result of significantly decreased sales during the quarter to one of our large customers due to their existing stock of our products. Additionally during the second quarter, the Company entered into an amendment to our agreement with a different large customer. The terms of the amendment have delayed revenue recognition of our products sold to this large customer by ninety days. Revenues earned on our government research and development contracts decreased by $82,000 during the three months ended June 30, 2016 to $9,000 .