Stardust Solar Files 2024 Audited Financial Statements Reporting 38% Revenue Growth
Stardust Solar Energy (OTCQB: SUNXF) has released its 2024 audited financial statements, reporting $3.61 million in revenue, marking a 38% increase from 2023. The company's U.S. franchise segment showed exceptional growth, with revenue surging 483% to $1.25 million from $0.21 million in the previous year.
The company expanded its franchise territories from 27 to 83 in 2024, and has since reached 94 territories across North America. Operating results included one-time costs related to public listing: $0.99 million in professional fees and a $3.90 million non-cash reverse-takeover transaction cost, expected to decrease substantially in 2025.
Stardust Solar Energy (OTCQB: SUNXF) ha pubblicato i suoi bilanci finanziari certificati per il 2024, registrando un fatturato di 3,61 milioni di dollari, con un aumento del 38% rispetto al 2023. Il segmento franchising negli Stati Uniti ha mostrato una crescita eccezionale, con ricavi in aumento del 483%, passando da 0,21 milioni a 1,25 milioni di dollari rispetto all'anno precedente.
L'azienda ha ampliato i territori franchising da 27 a 83 nel 2024, raggiungendo attualmente 94 territori in tutta l'America del Nord. I risultati operativi includono costi una tantum legati alla quotazione in borsa: 0,99 milioni di dollari in onorari professionali e un costo non monetario di 3,90 milioni di dollari relativo a una transazione di reverse takeover, che si prevede diminuiranno significativamente nel 2025.
Stardust Solar Energy (OTCQB: SUNXF) ha publicado sus estados financieros auditados de 2024, reportando 3,61 millones de dólares en ingresos, lo que representa un aumento del 38% respecto a 2023. El segmento de franquicias en EE. UU. mostró un crecimiento excepcional, con ingresos que se dispararon un 483% hasta 1,25 millones de dólares desde 0,21 millones el año anterior.
La empresa amplió sus territorios de franquicia de 27 a 83 en 2024, y desde entonces ha alcanzado 94 territorios en Norteamérica. Los resultados operativos incluyeron costos únicos relacionados con la cotización pública: 0,99 millones de dólares en honorarios profesionales y un costo no monetario de 3,90 millones de dólares por una transacción de toma de control inversa, que se espera disminuya considerablemente en 2025.
Stardust Solar Energy (OTCQB: SUNXF)는 2024년 감사 재무제표를 발표하며 361만 달러의 매출을 기록, 2023년 대비 38% 증가한 수치를 보였습니다. 미국 프랜차이즈 부문은 매출이 전년 21만 달러에서 125만 달러로 483% 급증하며 탁월한 성장을 나타냈습니다.
회사는 2024년에 프랜차이즈 지역을 27개에서 83개로 확장했으며, 현재 북미 전역에서 94개 지역에 도달했습니다. 운영 실적에는 상장 관련 일회성 비용이 포함되어 있으며, 전문 수수료로 99만 달러, 비현금 역합병 거래 비용으로 390만 달러가 발생했으며, 이는 2025년에 크게 감소할 것으로 예상됩니다.
Stardust Solar Energy (OTCQB : SUNXF) a publié ses états financiers audités pour 2024, affichant un chiffre d'affaires de 3,61 millions de dollars, soit une augmentation de 38 % par rapport à 2023. Le segment des franchises aux États-Unis a connu une croissance exceptionnelle, avec un chiffre d'affaires en hausse de 483 %, passant de 0,21 million à 1,25 million de dollars par rapport à l'année précédente.
L'entreprise a étendu ses territoires de franchise de 27 à 83 en 2024, atteignant désormais 94 territoires à travers l'Amérique du Nord. Les résultats opérationnels comprennent des coûts exceptionnels liés à l'introduction en bourse : 0,99 million de dollars en frais professionnels et un coût non monétaire de 3,90 millions de dollars lié à une transaction de prise de contrôle inversée, dont la diminution significative est attendue en 2025.
Stardust Solar Energy (OTCQB: SUNXF) hat seine geprüften Finanzberichte für 2024 veröffentlicht und einen Umsatz von 3,61 Millionen US-Dollar gemeldet, was eine Steigerung von 38% gegenüber 2023 darstellt. Der US-Franchise-Bereich des Unternehmens verzeichnete ein außergewöhnliches Wachstum, mit einem Umsatzanstieg von 483% auf 1,25 Millionen US-Dollar gegenüber 0,21 Millionen im Vorjahr.
Das Unternehmen erweiterte seine Franchise-Gebiete im Jahr 2024 von 27 auf 83 und hat inzwischen 94 Gebiete in Nordamerika erreicht. Die Betriebsergebnisse beinhalteten einmalige Kosten im Zusammenhang mit der Börsennotierung: 0,99 Millionen US-Dollar an Berufskosten und 3,90 Millionen US-Dollar nicht zahlungswirksame Kosten aus einer Reverse-Takeover-Transaktion, die voraussichtlich 2025 deutlich sinken werden.
- None.
- Incurred $0.99 million in one-time professional fees for public listing
- Non-cash reverse-takeover transaction cost of $3.90 million impacted operating results
Vancouver, British Columbia--(Newsfile Corp. - June 27, 2025) - Stardust Solar Energy Inc. (TSXV: SUN) (OTCQB: SUNXF) has filed its audited consolidated financial statements, management's discussion and analysis (MD&A) and related CEO/CFO certifications for the year ended December 31, 2024. The documents are now available on SEDAR+ and at www.stardustsolar.com.
For 2024, Stardust Solar generated
Operating results include one-time costs associated with the Company's public-listing process:
"Completing our first audited year as a public company demonstrates the momentum of our franchise model," said Mark Tadros, Founder & CEO. "The significant jump in U.S. sales highlights the demand for our turnkey clean-energy platform across the United States."
Eamonn McHugh, COO, added, "With our horizontal expansion of new franchise territories, an expanding backlog of system-wide project sales, and the bulk of listing costs behind us, we believe Stardust Solar is well positioned for another year of double-digit top-line growth."
During 2024 the Company expanded from 27 to 83 franchise territories and has since reached 94 territories across North America. Strategic agreements with Tesla (Powerwall), Rematek Energie (Quebec distribution) further strengthened support for franchisees. Management anticipates continued revenue growth in 2025, driven by deeper U.S. market penetration, direct containerized equipment procurement and the upcoming launch of a mobile certification application that enhances installer training.
About Stardust Solar:
Stardust Solar is a North American franchisor of renewable energy installation services, specializing in solar panels (PV), energy storage systems, and electric vehicle supply equipment. The Company equips entrepreneurs with branded business management services, cutting-edge equipment, and comprehensive support, including marketing, sales, engineering, and project management. With franchises across Canada and the United States, Stardust Solar drives the adoption of clean energy solutions that boost economic development and create a more sustainable future.
Media and Investor Contacts:
Steve Rickaby
Communications and Investor Relations
Phone: 1-672-472-1345
Email: steve@stardustsolar.com
Website: www.stardustsolar.com
Disclaimer:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The TSX Venture Exchange Inc. has neither approved nor disapproved the contents of this press release.
The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward looking statements, including statements relating to the Company's business plans and expected future growth, expected franchise expansions, the outlook of future operations, revenue growth, new opportunities and the demand for the Company's products. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Any number of factors could cause actual results to differ materially from these forward‐looking statements as well as future results. Although the Company believes that the expectations reflected in forward looking statements are reasonable, it can give no assurances that the expectations of any forward looking statements will prove to be correct. Except as required by law, the Company disclaims any intention. It assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257166
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