Startup lithium production company, Stardust Power Inc. plans a release next week of its second quarter 2025 earnings report and investors will be eager to see if the Connecticut based company with a lithium processing plant under construction in Muskogee has increased any earnings.
The release will be made after the close of markets on Wednesday, August 13. Roshan Pujari, Founder and Chief Executive Officer and Uday Devasper, Chief Financial Officer will host a conference call at 5:30pm ET on Wednesday 13 August, 2025 to discuss the Company’s results.
The first quarter results, released in mid-May, showed the firm had a net loss of $3.8 million compared to $1.4 million in the prior year. Its loss per share amounted to $0.07, more than the $0.04 in the prior year.
Net cash used in operating activities totaled $2.9 million for the first quarter of 2025, compared to $0.9 million for the prior year quarter, the increase driven by continued investment in operations, hiring of key talent and certain expenses related to the close of the Business Combination.
Net cash provided by financing activities was $4.5 million for the first quarter of 2025, compared to $54 thousand for the prior year quarter. The increase was driven primarily by $8.0 million in cash received from public offering and warrant inducements, net of offering cost, offset partially by $3.7 million repayment of short-term loans.