Lightbridge Q2 2023 net loss $1.7M, cash $28.2M, no debt

LIGHTBRIDGE Corp

2023-Q2 EPS reported -$0.32

Net loss of $1.7M for Q2 2023 vs $1.5M in Q2 2022; R&D expenses $0.4M (up from $0.2M).
Cash and equivalents $28.2M at June 30, 2023, down $0.7M from Dec 31, 2022; working capital $28.0M.
Cash used in operations for H1 2023 was $3.0M, similar to $3.1M year ago; ATM proceeds decreased.
CEO reappointed to Civil Nuclear Trade Advisory Committee; new VP Engineering and director named.
DOE program participation and university studies (Texas A&M SMR simulation) underway.

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 0.85

LIGHTBRIDGE Corp reported financial results for the second quarter ended June 30, 2023.

Period: the second quarter ended June 30, 2023
Result: reported results

Exact text from the filing

On July 26, 2023, Lightbridge Corporation issued a press release relating to its results for the quarter ended June 30, 2023.

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LIGHTBRIDGE Corp filing history →

Source: SEC EDGAR

accession 0001477932-23-005533

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