DayStar Technologies released its second quarter results for the period that ended on June 30, 2010. Net loss for the quarter was US$12.2 million, higher than Q2 2009 net loss of US$6.7 million.
DayStar attributes the loss on the non-cash restructuring charges of US$7.8 million, which includes a US$3.5 million in impairment charges on leasehold improvements at their Newark, California, facility once the lease expired.
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The loss also includes US$4.3 million impairment charges on particular equipment during the second quarter. The net loss for Q2 is also a reflection of share-based compensation of US$1.5 million.
