Stardust Power Inc. ( (SDST) ) has released its Q1 earnings. Here is a breakdown of the information Stardust Power Inc. presented to its investors.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Stardust Power Inc. is an American company specializing in the development of battery-grade lithium products, with a focus on building resilient supply chains to bolster America’s energy leadership. The company is actively developing a lithium processing facility in Muskogee, Oklahoma, with a commitment to sustainability.
In its first-quarter 2025 financial results, Stardust Power reported a net loss of $3.8 million, reflecting an increase from the previous year’s $1.4 million loss. The company highlighted significant operational progress, including securing a service agreement for a dedicated substation at their Muskogee refinery site and appointing a new Senior Advisor to aid in capital-raising efforts.
Key financial metrics revealed a loss per share of $(0.07), driven by increased administrative costs and finance charges. The company reported net cash used in operating activities of $2.9 million, primarily due to investments in operations and hiring. Additionally, net cash used in investing activities amounted to $1.0 million, while financing activities provided $4.5 million, largely from a public offering.
Stardust Power’s management remains optimistic about the future, emphasizing the strategic progress made in permitting, engineering, and financing. The company is committed to advancing towards its Final Investment Decision and capitalizing on the growing demand for lithium, aligning with national critical mineral priorities.