Monday, August 10, 2009

DayStar narrows Q2 loss, needs funding (DSTI)

From the Silicon Valley Business Journal:

DayStar Technologies Inc, a developer of solar photovoltaic products based on CIGS thin-film deposition technology, on Monday reported a narrowed second quarter loss.

Santa Clara-based DayStar (NASDAQ:DSTI) reported a loss of $6.7 million, or 20 cents a share, compared to a loss in the same period last year of $7.3 million, or 22 cents a share.

The lower loss reflects a decrease in payroll and related costs due to a reduction in workforce, as well as a decrease in share-based compensation during the second quarter....MORE

On the other hand Goldman and Wal*Mart heir backed Solyndra received a DOE loan guarantee of $535 Mil.