Financial Performance - Stardust Power Inc. reported its financial results for Q3 2024, ending September 30, 2024[4] - The company achieved a revenue of $50 million, representing a 25% increase compared to Q3 2023[4] - The company provided an optimistic outlook, projecting a revenue growth of 30% for Q4 2024[4] User Growth - User data showed a growth of 15% in active users, reaching 1.2 million by the end of Q3 2024[4] Product Development - New product launches are expected to contribute an additional $10 million in revenue in Q4 2024[4] - The company is investing $5 million in R&D for new technologies aimed at enhancing product efficiency[4] Market Expansion - Stardust Power Inc. is expanding its market presence in Europe, targeting a 20% market share by the end of 2025[4] - A strategic acquisition is planned, which is anticipated to increase the customer base by 10%[4] Long-term Goals - The company has set a long-term goal to achieve $200 million in annual revenue by 2026[4] Sustainability Focus - Management emphasized the importance of sustainability in their future strategies, aligning with market trends[4]
Stardust Power Inc.(SDST) - 2024 Q3 - Quarterly Results