Stardust Power Shares Impressive Q2 Results and Future Outlook
Stardust Power Reveals Second Quarter 2025 Financial Outcomes
Stardust Power Inc. (“Stardust Power” or the “Company”) (NASDAQ: SDST), an innovative developer of battery-grade lithium products, has recently shared its financial results for the second quarter, concluding on June 30, 2025. Based in Greenwich, Connecticut, Stardust Power is committed to bolstering America’s energy supply chain through strategically developed lithium capabilities.
Business Highlights and Capital Growth
This quarter brought notable achievements for the Company:
- In June 2025, Stardust Power successfully executed an underwritten public offering, garnering approximately $4.52 million, bolstered by a partial exercise of the underwriters’ over-allotment option.
- The Company made considerable advances in its FEL-3 definitive engineering study, which is currently undergoing a thorough third-party validation process alongside internal review.
- Excitingly, Stardust Power formed a strategic alliance with Ohio University, focusing on lithium extraction and refining technologies, striving to enhance research focused on deriving lithium from brine sources.
"This quarter is marked by continuous advancement across various operational fronts, including engineering, permitting, and infrastructure development," stated Roshan Pujari, the Company’s Founder and CEO. "With an increasing demand for U.S.-based lithium processing, we’re strategically positioned to cater to this need, supported by a scalable platform and a clear path toward our Final Investment Decision. Our commitment remains on executing our plans and consistently creating long-term value for our shareholders."
Financial Overview for the Quarter
As we assess our financial standing as of June 30, 2025, the Company reports having cash and cash equivalents approximating $2.6 million, with no long-term debt. Here are some essential financial highlights from the quarter:
- The net loss reported was $3.7 million, an increase compared to $2.7 million from the same quarter of the previous year.
- Loss per share showed improvement at $(0.06), compared to $(0.07) for the corresponding period last year.
- Net cash utilized in operating activities expanded to $4.5 million for the first half of 2025, reflecting continued investments in key operational areas and talent acquisition.
- Investment activities consumed $2.2 million in this period, primarily attributed to initial capital investments for the refinery set-up.
- Financing activities yielded $8.4 million, significantly up from $2.0 million last year, driven chiefly by public offerings and warrant inducements, following costs.
Engagement and Future Prospects
Stardust Power planned a conference call to discuss these substantial results. Participants were encouraged to join and engage with the leadership.
In efforts to enhance accessibility, an audio webcast was also made available through the Company's website, allowing broader participation.
About Stardust Power
Stardust Power represents a pioneering initiative in the production of battery-grade lithium, aiming to fortify America’s energy leadership while ensuring sustainable practices throughout its operations. The Company is currently developing a centrally located lithium processing facility, projected to produce up to 50,000 metric tons of battery-grade lithium annually, reinforcing its commitment to sustainable solutions.
Frequently Asked Questions
What are the key financial highlights from Stardust Power’s Q2 results?
Stardust Power reported a net loss of $3.7 million and cash equivalents of approximately $2.6 million, with improvements in loss per share.
What strategic partnerships has Stardust Power formed recently?
Stardust Power has established a strategic partnership with Ohio University to advance lithium extraction and refining technologies.
How is Stardust Power addressing the lithium market demands?
By developing a scalable processing facility and conducting critical engineering studies, Stardust Power aims to enhance lithium supply in the U.S.
What progress has been made in Stardust Power’s operations?
Significant advancements have been noted across engineering, permitting, and third-party validations of the FEL-3 study.
How can investors contact Stardust Power for more information?
Investors can reach out to Johanna Gonzalez via email at investor.relations@stardust-power.com for further inquiries.
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