Applied Energetics Reports Q4 EPS of $(0.01)

Applied Energetics, Inc., (Nasdaq: AERG), today reported summary financial results for the fourth quarter ended December 31, 2010.

Revenue for the fourth quarter of 2010 increased about 162% to approximately $3.4 million, compared to approximately $1.3 million for the same period last year.

Net loss attributable to common stockholders for the fourth quarter of 2010 was $1.0 million, or $0.01 per basic and diluted common share, compared to the prior comparable period net loss attributable to common stockholders of $1.7 million or $0.02 per basic and diluted common share.