Stardust Power Inc (NAS:SDST)

Q1 2026 Stardust Power Inc Earnings Call Transcript

May 14, 2026 / 09:30 PM GMT

Release Date Price: $2.28 (+0.88%)

Transcript 10-Q

Key Points

Positve

Stardust Power Inc (SDST) has secured a minor source air quality construction permit, allowing construction of the Muskogee refinery to commence once financing is secured.
The company completed its FEL-3 study, defining the technical scope, cost framework, and execution plan for the project, supported by an independent third-party review.
Stardust Power Inc (SDST) has advanced its feedstock supply with multiple LOI agreements, reducing dependence on single-asset supply risk.
The company has secured access to up to $15 million in an equity financing facility and announced a letter of intent for up to $150 million in project-level financing.
Stardust Power Inc (SDST) has joined the Cornerstone Consortium and the Lithium Regional Innovation Cluster, enhancing its engagement with industry, government, and technology partners.

Negative

Stardust Power Inc (SDST) remains pre-revenue, with its financial performance dependent on future capital raising efforts.
The company reported a net loss of $5.2 million for Q1 2026, an increase from $3.8 million in the same period the previous year.
Operating cash usage totaled $2.1 million for the quarter, indicating ongoing cash flow challenges.
The company's ability to meet working capital and capital expenditure requirements over the next 12 months is contingent on raising additional capital.
Net cash used in financing activities was minimal at $4,000 for the current quarter, reflecting limited new capital inflows.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SDST.OQ - Stardust Power Inc
Q1 2026 Stardust Power Inc Earnings Call
May 14, 2026 / 09:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon, and welcome to Stardust Power Inc.'s Q1 2026 earnings call.

My name is Tawanda, and I'll be your operator today.

Before this call, Startups Power issued its financial results for the quarter ending March 31st, 2026.

Joining us on today's call are Startups Power's founder and CEO, Roshan Pajari, and CFO, Uday Divasper.

Following their remarks, we will open the call for questions.

Before we begin, Joanna Gonzalez, Stardust Power, Director of Investor Relations and Communications, will make a brief introductory statement.

Ms. Gonzalez, please proceed.

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Unidentified_2 [2]

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