Stardust Power Q2 net loss widens to $3.9 million; loss per share narrows to $0.35
I'm LongbridgeAI, I can summarize articles.Stardust Power reported a widened Q2 2026 net loss of $3.9 million, up from $3.7 million in the prior year, though loss per share narrowed to $0.35 from $0.59. Cash reserves dropped to $0.5 million by June 30. Operating cash usage improved to $4 million for the first half. The company initiated site preparation at its Muskogee refinery and raised $3.1 million via an ATM offering post-quarter to support liquidity.
- Stardust Power posted a net loss of $3.9 million in Q2 2026, widening from a $3.7 million loss a year earlier. * Loss per share narrowed to $(0.35) from $(0.59) in the prior-year quarter. * Cash and cash equivalents fell to $0.5 million at June 30, 2026, down from $3.5 million at Dec. 31, 2025. * Net cash used in operating activities totaled $4 million for the six months, improving from $4.5 million a year earlier. * Muskogee refinery site preparation began; $3.1 million raised via the ATM after quarter-end to support liquidity and project advancement. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Stardust Power Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608131700PRIMZONEFULLFEED9809006) on August 13, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)