Stardust Power Inc (NAS:SDST)

Q2 2026 Stardust Power Inc Earnings Call Transcript

Aug 13, 2026 / 09:30 PM GMT

Release Date Price: $0.68 (+0.92%)

Transcript 10-Q

Key Points

Positve

Stardust Power Inc (SDST) completed geotechnical and subsurface investigations at the Muskogee site, reducing execution risk and supporting detailed design and constructability planning.
Stardust Power Inc (SDST) was selected as the industrial partner in a U.S. Department of Energy funded research initiative led by Ohio University, strengthening its position in the domestic critical minerals ecosystem.
Stardust Power Inc (SDST) has key permits in place, including those required for construction and commissioning, positioning the refinery for EPC as commercial and financing milestones are achieved.
Stardust Power Inc (SDST) established a $10 million equity line of credit and a $5 million ATM equity program, enhancing financial flexibility and providing additional capital-raising tools.
Stardust Power Inc (SDST) continues to strengthen engagement with the Muskogee community, state environmental leaders, and workforce development initiatives, supporting operational readiness and long-term project success.

Negative

Stardust Power Inc (SDST) remains a pre-revenue company with no revenue generated, as it continues to advance development of the Muskogee refinery.
Stardust Power Inc (SDST) has a going concern risk, as its ability to meet working capital and capital expenditure requirements over the next 12 months depends on raising additional capital.
Stardust Power Inc (SDST)'s cash and cash equivalents declined significantly to approximately $0.5 million as of June 30, 2026, from $3.5 million as of December 31, 2025.
Stardust Power Inc (SDST) reported a net loss of $3.9 million for Q2 2026, an increase from $3.7 million in the prior year period, primarily due to financing-related costs.
Stardust Power Inc (SDST) is evaluating alternatives to address Nasdaq listing requirements related to minimum market value thresholds, indicating potential compliance issues.

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

SDST.OQ - Stardust Power Inc
Q2 2026 Stardust Power Inc Earnings Call
Aug 13, 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 Q2 2026 earnings call.

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

Before this call, Stardust Power issued its financial results for the quarter ended June 30th, 2026.

Joining us on today's call are Stardust Power's founder and CEO, Rashan Pojari, and CFO, Yudai Divasper.

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

Before we begin, Joanna Gonzalez, Stardust Powers 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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