Stardust Power Q3 net loss widens to $10M; cash at $1.6M; zero debt

Stardust Power Inc.

2024-Q3 EPS reported -$0.34

Net loss of $10.0M in Q3 2024, up from $0.8M year-over-year; loss per share $(0.22) vs $(0.02)
Cash and equivalents $1.6M as of Sept 30, 2024; zero long-term debt
Cash used in operations $8.5M YTD, vs $1.6M a year ago, driven by public-company expenses and pre-refinery investments
Appointed Paramita Das as Chief Strategy Officer and Adam Johnson as Chief Commercial Officer
Entered $50M common stock purchase agreement with B. Riley and 90-day exclusivity with KMX Technologies for lithium brine concentration tech

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