$ASTI Financial Results for the Third Quarter End
Post# of 7008
Posted On: 11/15/2016 9:45:59 AM
$ASTI Financial Results for the Third Quarter Ended September 30, 2016
Total net revenue booked for the third quarter of 2016 was $453K, a recovery of approximately 78% from second quarter 2016. Gross shipments for the period were about $1.1M but net revenue booked for the same period was limited to $453K. This was due to a substantial deferment in revenue recognition -- in compliance with the US GAAP accounting rules -- as a result of a contract modification with one of the Company's largest customers. Allowances for RMA (Return Merchandize Authorization) also contributed to lower net revenue booked.
https://finance.yahoo.com/news/ascent-solar-a...00349.html
Total net revenue booked for the third quarter of 2016 was $453K, a recovery of approximately 78% from second quarter 2016. Gross shipments for the period were about $1.1M but net revenue booked for the same period was limited to $453K. This was due to a substantial deferment in revenue recognition -- in compliance with the US GAAP accounting rules -- as a result of a contract modification with one of the Company's largest customers. Allowances for RMA (Return Merchandize Authorization) also contributed to lower net revenue booked.
https://finance.yahoo.com/news/ascent-solar-a...00349.html
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