Lightbridge FY2022 net loss $7.5M, cash $28.9M, no debt

LIGHTBRIDGE Corp

Net loss of $7.5M for 2022 vs $7.8M in 2021; cash and equivalents $28.9M, up from $24.7M.
Working capital $28.7M; total assets $29.5M, total liabilities $0.4M; no debt.
R&D expenses $0.7M (down from $1.4M); expects to invest $6.5M in R&D over next 12-15 months.
Completed GAIN voucher with PNNL for fuel casting; entered framework agreements with INL in Dec 2022.
Patents awarded in Eurasia, Canada, and Korea; MIT awarded $800K DOE grant to study Lightbridge Fuel in SMR.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LIGHTBRIDGE Corp reported the year ended December 31, 2022 results: net income net loss of $7.5 million.

Period: the year ended December 31, 2022
Net income: net loss of $7.5 million
Result: reported results

Exact text from the filing

Lightbridge Corporation issued a press release relating to its results for the year ended December 31, 2022

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LIGHTBRIDGE Corp filing history →

Source: SEC EDGAR

accession 0001477932-23-001891

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