Daystar Technologies (DSTI) Reports Loss and Misses

Daystar (DSTI) reported another whopper of a loss after the bell today and missed analyst estimates by 2 cents when it reported a loss of 7.3 million for the quarter, an increase of about 15% over the year ago quarter.  DSTI is a company far from profitable and not expected to get there anytime soon.

The CEO  tried to put a positive spin on it. 

“I am pleased that we have met all of the first half milestones that we set out at the end of last year,” said Dr. Stephan DeLuca, chief executive officer. “We demonstrated our single stage sputter deposition process, producing CIGS films with greater than 14 percent conversion efficiency over large areas. We produced mini-modules with greater than 11.5 percent conversion efficiency and the modules passed the critical 1000 hour damp heat cycle testing that indicates a 20 year module lifetime.”

Shares off just a couple percent after hours to 3.15. 

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