Quarterly ResultAug 13, 2026, 05:01 PM
Stardust Power Q2 Net Loss $3.9M; Advances Muskogee Refinery Project
AI Summary
Stardust Power Inc. announced its second quarter 2026 results, reporting a net loss of $3.9 million and a basic and diluted loss per share of $(0.35). The company had $0.5 million in cash and cash equivalents as of June 30, 2026. Operationally, Stardust Power commenced site preparation for its Muskogee lithium refinery and was selected for a U.S. Department of Energy-funded research initiative. Subsequent to quarter-end, the company raised approximately $3.1 million in net proceeds through its At-The-Market equity program and appointed Ray Rivers to its Board of Directors.
Key Highlights
- Reported Q2 2026 net loss of $3.9 million, compared to $3.7 million in Q2 2025.
- Basic and diluted loss per share was $(0.35) for Q2 2026, down from $(0.59) in Q2 2025.
- Cash and cash equivalents were $0.5 million as of June 30, 2026.
- Raised approximately $3.1 million in net proceeds from ATM equity program post-quarter end.
- Commenced site preparation activities at the Muskogee refinery project.
- Selected as industrial partner in a U.S. Department of Energy-funded research initiative.
- Appointed Ray Rivers to the Board of Directors, adding capital markets experience.
Price Impact
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