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DayStar Technologies, Inc. (Nasdaq: DSTI), a developer of photovoltaic products based on CIGS thin film semiconductor technology, today announced financial results for the year-ended Dec. 31, 2007.

On Dec. 31, 2007, DayStar had cash and U.S. treasury funds of $61.4 million, compared with $2.9 million at the end of 2006. Except for operating accounts, all cash is invested in treasury instruments. The company had total liabilities of $6.2 million, including $2.6 million in accounts payable and accrued expenses and $2.8 million in stock warrants, with minimal amounts in notes and capital leases at the end of the year. Total stockholders’ equity was $65.1 million.

DayStar reported a net loss for the year ended Dec. 31, 2007 of $36.1 million or a loss of $2.09 per share, compared with a net loss of $20.4 million or a loss of $3.00 per share for the year ended Dec. 31, 2006. The overall increase in net loss was primarily the result of an increase in non-cash, and more specifically, non-recurring non-cash expenses during the year. Of the $36.1 million loss, $21.2 million came in the form of non-cash expenses.

DayStar will hold its fourth quarter conference call today, March 6, 2008, at 2 pm Pacific time. To listen to the call, please dial 210/234.0003 (passcode is Daystar) at approximately 1:50 pm. To listen to the replay, dial 203/369.3737. A webcast will be available on the investor relations section of the DayStar website at www.daystartech.com for approximately one month after the call.