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Ascent Solar Technologies vs Smartkem

Smartkem is the larger business, with $697,000 of revenue in fiscal 2025 against $76,773 for Ascent Solar Technologies (9.1 times as much). Smartkem grew faster (750.0% against 83.3%). Smartkem kept more of each dollar of sales as profit: a net margin of -1507.7% against -10202.5%.

Latest fiscal yearAscent Solar TechnologiesASTI, 2025SmartkemSMTK, 2025
Revenue $76,773 $697,000
Revenue growth 83.3% 750.0%
Net income −$7.8m −$10.5m
Operating margin -10256.7% -1841.5%
Net margin -10202.5% -1507.7%
Return on equity — —
Free cash flow −$6.9m −$7.9m
Cash $2.8m $374,000
Total debt $0 $928,000
Debt to equity 0.0% —
Dividend per share — —
Dividend yield — —
Share buybacks — —
Employees — 28
Market value $14.4m $7.9m
Price vs our value range — —
Moat score 17 (Weak) —
Insider trades, 12 months 0 buys, 7 sales 0 buys, 0 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.