Stardust Power Forecasts Q1 Loss of 39 Cents Per Share Amid Delisting Threat
Summary
Stardust Power Inc. is expected to report a loss of 39 cents per share for the quarter ending March 31, 2026, with no change in quarterly revenue anticipated. This earnings preview reinforces the company's precarious financial position, following a Nasdaq delisting notice received on April 30 and a $5 million At-The-Market (ATM) offering launched on May 8 to raise capital. The mean analyst earnings estimate has fallen by approximately 20.9% over the last three months, indicating deteriorating expectations. This continued forecast for losses exacerbates concerns about the company's "going concern" warning disclosed in its 2025 annual report. Traders will be closely watching the actual earnings release on May 14 for confirmation of these figures and any further updates on the company's financial stability and delisting status.
At the time of this announcement, SDST was trading at $2.33 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $23.3M. The 52-week trading range was $1.43 to $8.43. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.