DayStar reveals second quarter results

Facebook
Twitter
LinkedIn
Reddit
Email

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.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

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.

Read Next

July 17, 2024
From January to May this year, 251 new solar projects became operational in the US, with a combined capacity of 10,669MW.
July 17, 2024
Total global corporate funding for solar on the other hand is down year-on-year, according to Mercom Capital Group.
July 17, 2024
US utility PacifiCorp and rPlus Energies signed a power purchase agreement (PPA) for the Green River Energy Center project in 2022.
July 17, 2024
US-based PV manufacturer Mission Solar Energy has unveiled three new modules aimed at commercial and industrial and utility-scale projects.
Premium
July 17, 2024
Liquidity is rising at great pace in US tax credit transferability for clean energy, helping lenders become comfortable with the market.
July 17, 2024
Saudi Arabia's PIF has signed two solar PV manufacturing agreements with Chinese manufacturers JinkoSolar and TCL Zhonghuan Renewable Energy.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
July 31, 2024
1:00 PM (BST) / 2:00PM (CEST)
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia
Solar Media Events
October 8, 2024
San Francisco Bay Area, USA