Brief: Ascent Solar sees FY revenue $10 mln-$12 mln
18/05/2015 11:00
May 18 (Reuters) - Ascent Solar Technologies Inc ASTI.O : * Provides financial update and reiterates full-year revenue guidance of $10M - $12M or 100% growth over 2014 * Q1 revenue $660,000 * Sees FY 2015 revenue up 100 percent * Sees FY revenue $10 million to $12 million * Q1 results were negatively impacted by typical seasonality of consumer electronics industry, where Q1 is typically the slowest * Says "company has significant back-ordered bookings that should result in revenue for Q2" * Q1 was also impacted by a prolonged strike at west coast ports in early 2015 * Prolonged strike at west coast ports contributed to delays in product delivery for Q1, pushing back deliveries into Q2" * Says "company back on track to its earlier revenue guidance of $10 million - $12 million for the full year 2015" * Source text for Eikon ID:nBw7FQWRga * Further company coverage ASTI.O ((Bengaluru Newsroom; +1 646 223 8780))