Stardust Solar Files 2024 Audited Financial Statements Reporting 38% Revenue Growth

Core Insights - Stardust Solar Energy Inc. reported a revenue of $3.61 million for 2024, marking a 38% increase from 2023, driven primarily by the U.S. franchise segment which saw a remarkable 483% year-over-year growth [2][4]. Financial Performance - The company incurred one-time costs of $0.99 million related to professional fees and a non-cash reverse-takeover transaction cost of $3.90 million during its public-listing process, which are expected to decline significantly in 2025 [3][4]. Business Expansion - Stardust Solar expanded its franchise territories from 27 to 83 in 2024, and currently operates in 94 territories across North America. Strategic partnerships with Tesla and Rematek Energie have bolstered support for franchisees [4][5]. Future Outlook - Management anticipates continued revenue growth in 2025, fueled by deeper market penetration in the U.S., direct procurement of equipment, and the launch of a mobile certification application aimed at enhancing installer training [4][5].