STARDUST POWER INC C/WTS EXP 21/06/2029 (TO PUR COM) | 10-Q: FY2025 Q1 EPS: USD -0.07

EPS: As of FY2025 Q1, the actual value is USD -0.07.

Operational Metrics

• Net Loss: The net loss for the three months ended March 31, 2025, was $3,809,700, compared to a net loss of $1,399,213 for the same period in 2024, indicating an increase in net loss by $2,410,487.
• General and Administrative Expenses: These expenses increased significantly to $5,748,648 for the three months ended March 31, 2025, from $1,235,366 for the same period in 2024, primarily due to higher employee-related costs and increased professional and consulting fees.

Cash Flow

• Net Cash Used in Operating Activities: For the three months ended March 31, 2025, net cash used in operating activities was $2,875,187, compared to $934,680 for the same period in 2024.
• Net Cash Used in Investing Activities: Net cash used in investing activities was $960,332 for the three months ended March 31, 2025, primarily due to capital project costs.
• Net Cash Provided by Financing Activities: Net cash provided by financing activities was $4,511,080 for the three months ended March 31, 2025, primarily from proceeds of a public offering and warrant inducement exercises.

Unique Metrics

• Change in Fair Value of Warrant Liability: The change in fair value of warrant liability resulted in an income of $1,699,177 for the three months ended March 31, 2025.

Future Outlook and Strategy

• Core Business Focus: Stardust Power Inc. plans to develop a large-scale lithium refinery in the United States, with a phased approach to reach a total capacity of up to 50,000 metric tons per annum. The company aims to become a sustainable supplier of battery-grade lithium products, primarily for the electric vehicle market.
• Non-Core Business: The company is exploring strategic partnerships and investments in upstream operations to secure additional feedstock for its lithium refinery.
• Priority: The company is focused on raising additional capital to fund its operations and investment plans, as current cash and investments are inadequate to meet the next twelve months’ requirements.