Lightbridge Q1 2023 net loss $2.0M, cash $28.1M; INL and PNNL milestones

LIGHTBRIDGE Corp

2023-Q1 EPS reported -$0.17

Net loss $2.0M for Q1 2023, unchanged from Q1 2022; no revenue reported.
Cash $28.1M, down $0.8M from Dec 31, 2022; working capital $27.9M; no debt.
Operating cash use $1.5M (down $0.4M YoY); R&D expenses $0.4M (up $0.1M).
Completed Quality Implementation Plan with Idaho National Laboratory; demonstrated fuel casting with PNNL under GAIN voucher.
Management highlights positive nuclear macro outlook; well positioned for Lightbridge Fuel commercialization.

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 0.95

LIGHTBRIDGE Corp reported financial results for first quarter ended March 31, 2023.

Period: first quarter ended March 31, 2023
Result: reported results

Exact text from the filing

On May 10, 2023, Lightbridge Corporation issued a press release relating to its results for the quarter ended March 31, 2023.

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LIGHTBRIDGE Corp filing history →

Source: SEC EDGAR

accession 0001477932-23-003245

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