DayStar Technologies Announces 2010 Third Quarter EPS of $(0.24)

DayStar Technologies, Inc. (Nasdaq: DSTI) today announced financial results for its third quarter ended September 30, 2010.

Net loss for the third quarter of 2010 was $7.4 million or $1.62 per share, compared with a net loss of $6.2 million or $1.66 per share in the third quarter of 2009. The net loss for the third quarter of 2010 included non-cash expenses of $6.3 million, which increased the loss per share by $1.38 per share.

The net loss for the third quarter excluding non-cash charges was $1.1 million or $0.24 per share.