What is Daystar Technologies Financial Strength?
Daystar Technologies has the Financial Strength Rank of 0.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
Daystar Technologies did not have earnings to cover the interest expense.
As of today, Daystar Technologies's Altman Z-Score is 0.00.
Competitive Comparison of Daystar Technologies's Financial Strength
For the Semiconductors subindustry, Daystar Technologies's Financial Strength, along with its competitors' market caps and Financial Strength data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Daystar Technologies's Financial Strength Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Daystar Technologies's Financial Strength distribution charts can be found below:
* The bar in red indicates where Daystar Technologies's Financial Strength falls into.
Daystar Technologies Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
Daystar Technologies's Interest Expense for the
months ended in Sep. 2012 was $-0.12 Mil. Its Operating Income for the
months ended in Sep. 2012 was $-1.34 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2012 was $0.00 Mil.
Daystar Technologies's Interest Coverage for the quarter that ended in Sep. 2012 is
| Daystar Technologies did not have earnings to cover the interest expense. |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Daystar Technologies's Debt to Revenue Ratio for the quarter that ended in Sep. 2012 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Daystar Technologies has a Z-score of 0.00, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Daystar Technologies (Daystar Technologies) Business Description
Traded in Other Exchanges
N/A
Address
DayStar Technologies, Inc., a Delaware corporation, was incorporated in February 1997. It completed its initial public offering in February 2004. It is a development stage enterprise, which develops, manufactures and markets products for the solar photovoltaic (PV) industry. The Company has developed a proprietary thin film deposition technology for solar photovoltaic (PV) products. It utilizes a proprietary one-step sputter deposition process and has manufactured a commercial scale deposition tool to apply high-efficiency copper indium gallium diselenide (CIGS) material over large area glass substrates in a continuous fashion. The Company intends to integrate this tool with commercially available thin film manufacturing equipment, which will provide it with a critically differentiated manufacturing process to produce low-cost monolithically integrated, CIGS-on-glass modules that address the grid-tied, ground-based PV market. It has initiated construction of its initial module production line. To facilitate its entry into the addressable solar PV market, it has entered into a contract with Blitzstrom GmbH, one of thin film solar PV integrators, that commits Blitzstrom to purchase a minimum of 50% of its production through 2011, subject to these products meeting defined performance criteria. The solar electricity industry currently supplies modules used in solar PV systems primarily for grid-connected systems.
Executives
| William Steckel |
director |
2972 STENDER WAY, SANTA CLARA CA 95054 |
| Richard C Green |
director |
4200 W 115TH STREET, SUITE 210, LEAWOOD KS 66211 |
| Kevin S Flannery |
director |
|
| Richard Nevins |
director |
20580 PALMER AVENUE, SONOMA CA 95476 |
| Scott M Schecter |
director |
|
| Lampe, Conway & Co. Llc |
10 percent owner |
680 FIFTH AVENUE, SUITE 1202, NEW YORK NY 10019 |
| Lc Capital International Llc |
10 percent owner |
C/O LAMPE, CONWAY & CO., LLC, 680 FIFTH AVENUE, SUITE 1202, NEW YORK NY 10019 |
| Lc Capital Advisors Llc |
10 percent owner |
C/O LAMPE, CONWAY & CO., LLC, 680 FIFTH AVENUE, SUITE 1202, NEW YORK NY 10019 |
| Richard F Conway |
10 percent owner |
C/O LAMPE, CONWAY & CO. LLC, 680 FIFTH AVENUE, SUITE 1202, NEW YORK NY 10019 |
| Steven Lampe |
10 percent owner |
C/O LAMPE, CONWAY & CO. LLC, 680 FIFTH AVENUE, SUITE 1202, NEW YORK NY 10019 |
| Lc Capital Master Fund Ltd |
10 percent owner |
C/O TRIDENT FUND SERVICES (BVI) LIMITED, PO BOX 146, WATERFRONT DR, WICKHAMS CAY, ROAD TOWN, TORTOLA D8 00000 |
| Lc Capital Partners Lp |
10 percent owner |
680 FIFTH AVENUE, SUITE 1202, NEW YORK NY 10019 |
| Quercus Trust |
other: Former 10% Owner |
2309 SANTIAGO DRIVE, NEWPORT BEACH CA 92660 |
| Steven Aragon |
officer: Vice-President Engineering |
355 SOUTH TECHNOLOGY DRIVE, CENTRAL ISLIP NY 11722 |
| David Gelbaum |
10 percent owner, other: Co-Trustee |
2309 SANTIAGO DRIVE, NEWPORT BEACH CA 92660 |
Daystar Technologies (Daystar Technologies) Headlines
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