Lightbridge reports narrower 2021 net loss of $7.8M; cash grows to $24.7M

LIGHTBRIDGE Corp

Net loss improved to $7.8M in 2021 from $14.4M in 2020, helped by lower arbitration costs and no patent impairment.
Cash and equivalents rose to $24.7M at Dec 31, 2021 from $21.5M at year-end 2020; company has no debt.
Working capital increased to $24.7M vs $17.1M; stockholders' equity reached $24.8M.
R&D expenses rose to $1.4M from $0.9M on increased work with DOE national labs under GAIN vouchers.
All outstanding Series A and B preferred stock exchanged for common shares at $10 per share in Q4 2021.

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