vs

Side-by-side financial comparison of Ascent Solar Technologies, Inc. (ASTI) and Dogwood Therapeutics, Inc. (DWTX). Click either name above to swap in a different company.

Dogwood Therapeutics, Inc. is the larger business by last-quarter revenue ($22.8K vs $15.6K, roughly 1.5× Ascent Solar Technologies, Inc.). Over the past eight quarters, Dogwood Therapeutics, Inc.'s revenue compounded faster (117.7% CAGR vs 67.1%).

Ascent Solar Technologies, Inc. is a publicly traded photovoltaic (PV) company located in Thornton, Colorado. Its primary product is a flexible CIGS solar cell on a plastic substrate.

Dogwood Therapeutics, Inc. is a clinical-stage biotechnology company focused on researching and developing targeted therapies for rare kidney diseases, metabolic disorders, and other unmet medical needs. It collaborates with global healthcare and research partners to advance its pipeline of innovative treatment candidates for patient populations worldwide.

ASTI vs DWTX — Head-to-Head

Bigger by revenue
DWTX
DWTX
1.5× larger
DWTX
$22.8K
$15.6K
ASTI
Faster 2-yr revenue CAGR
DWTX
DWTX
Annualised
DWTX
117.7%
67.1%
ASTI

Income Statement — Q4 FY2025 vs Q1 FY2024

Metric
ASTI
ASTI
DWTX
DWTX
Revenue
$15.6K
$22.8K
Net Profit
$-1.3M
Gross Margin
Operating Margin
-5772.2%
Net Margin
-5672.2%
Revenue YoY
-43.7%
Net Profit YoY
-42.3%
14.9%
EPS (diluted)
$-1.68

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ASTI
ASTI
DWTX
DWTX
Q4 25
$15.6K
Q3 25
$28.5K
Q2 25
$17.0K
Q1 25
$15.6K
Q4 24
$0
Q3 24
$8.6K
Q2 24
$27.7K
Q1 24
$5.6K
$22.8K
Net Profit
ASTI
ASTI
DWTX
DWTX
Q4 25
Q3 25
$-2.0M
Q2 25
$-2.1M
Q1 25
$-1.7M
Q4 24
$-1.5M
Q3 24
$-1.7M
Q2 24
$-3.4M
Q1 24
$-2.5M
$-1.3M
Operating Margin
ASTI
ASTI
DWTX
DWTX
Q4 25
Q3 25
-6892.3%
Q2 25
-12316.8%
Q1 25
-11177.9%
Q4 24
Q3 24
-26443.2%
Q2 24
-8490.7%
Q1 24
-44206.0%
-5772.2%
Net Margin
ASTI
ASTI
DWTX
DWTX
Q4 25
Q3 25
-7081.3%
Q2 25
-12177.3%
Q1 25
-10716.2%
Q4 24
Q3 24
-19776.2%
Q2 24
-12420.5%
Q1 24
-45316.8%
-5672.2%
EPS (diluted)
ASTI
ASTI
DWTX
DWTX
Q4 25
Q3 25
$-0.62
Q2 25
$-1.17
Q1 25
$-1.13
Q4 24
$50.75
Q3 24
$-1.37
Q2 24
$-6.76
Q1 24
$-53.00
$-1.68

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ASTI
ASTI
DWTX
DWTX
Cash + ST InvestmentsLiquidity on hand
$2.8M
$2.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.3M
$2.7M
Total Assets
$6.3M
$3.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASTI
ASTI
DWTX
DWTX
Q4 25
$2.8M
Q3 25
$2.1M
Q2 25
$3.0M
Q1 25
$2.3M
Q4 24
$3.2M
Q3 24
$3.7M
Q2 24
$5.8M
Q1 24
$187.5K
$2.4M
Stockholders' Equity
ASTI
ASTI
DWTX
DWTX
Q4 25
$3.3M
Q3 25
$2.7M
Q2 25
$3.4M
Q1 25
$2.6M
Q4 24
$3.4M
Q3 24
$-3.3M
Q2 24
$4.2M
Q1 24
$-2.6M
$2.7M
Total Assets
ASTI
ASTI
DWTX
DWTX
Q4 25
$6.3M
Q3 25
$5.8M
Q2 25
$6.8M
Q1 25
$6.2M
Q4 24
$7.1M
Q3 24
$7.9M
Q2 24
$10.2M
Q1 24
$5.0M
$3.2M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ASTI
ASTI
DWTX
DWTX
Operating Cash FlowLast quarter
$-6.9M
$-937.4K
Free Cash FlowOCF − Capex
$-6.9M
FCF MarginFCF / Revenue
-44350.5%
Capex IntensityCapex / Revenue
204.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-12.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASTI
ASTI
DWTX
DWTX
Q4 25
$-6.9M
Q3 25
$-1.7M
Q2 25
$-1.8M
Q1 25
$-1.6M
Q4 24
$-1.5M
Q3 24
$-2.1M
Q2 24
$-3.6M
Q1 24
$-1.2M
$-937.4K
Free Cash Flow
ASTI
ASTI
DWTX
DWTX
Q4 25
$-6.9M
Q3 25
$-1.8M
Q2 25
$-1.8M
Q1 25
$-1.6M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
ASTI
ASTI
DWTX
DWTX
Q4 25
-44350.5%
Q3 25
-6182.5%
Q2 25
-10692.4%
Q1 25
-9923.9%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
ASTI
ASTI
DWTX
DWTX
Q4 25
204.7%
Q3 25
103.3%
Q2 25
12.0%
Q1 25
3.1%
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Related Comparisons