ADA-ES Reports Third Quarter EPS of $(0.78)

ADA-ES, Inc. ADES  today announced financial results for the third quarter ended September 30, 2010.

OVERVIEW OF THIRD QUARTER RESULTS

• Total revenues increased 101% to $7.5 million.
• $4.5 million in revenues from first full quarter of Refined Coal operations.
• Gross margin grew 386% to $5.8 million, or 77.6% of revenues, from $1.2 million, or 32.1% of revenues, due to the higher margins associated with Refined Coal.
• Net loss of $5.8 million, or $0.78 per diluted share, included $8.7 million of non-routine legal expenses associated with ongoing litigation, and a non-cash loss of $2.5 million from equity interest in ADA Carbon Solutions, LLC (“ADA-CS”).
• ADA would have generated net income of $1.2 million or $0.16 per share, excluding the above mentioned non-routine legal expenses and the loss relating to the equity interest in ADA-CS.