Lightbridge reports Q3 net loss of $1.8M; working capital $28.6M, no debt

LIGHTBRIDGE Corp

2023-Q3 EPS reported -$0.47

Net loss was $1.8M for Q3 2023 vs $2.0M in Q3 2022; G&A expenses fell 20% to $1.6M.
R&D expenses doubled to $0.5M, driven by U.S. National Labs project labor and employee costs.
Cash and cash equivalents $29.2M; working capital $28.6M; no debt outstanding.
Progress: Romania CANDU engineering study, Idaho National Lab SPP agreement, DOE-funded MIT/Texas A&M SMR studies.
Conference call scheduled for October 31 at 4 p.m. ET.

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 third quarter ended September 30, 2023 results: net income Net loss was $1.8 million for the third quarter ended September 30, 2023.

Period: the third quarter ended September 30, 2023
Net income: Net loss was $1.8 million for the third quarter ended September 30, 2023
Result: reported results

Exact text from the filing

Lightbridge Corporation (Nasdaq: LTBR), an advanced nuclear fuel technology company, announced its financial results for the third quarter ended September 30, 2023

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Source: SEC EDGAR

accession 0001477932-23-007974

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