Lightbridge FY 2023 net loss widens to $7.9M; R&D spend more than doubles to $1.9M

LIGHTBRIDGE Corp

2024-FY EPS reported -$0.65

Net loss of $7.9M in 2023 vs. $7.5M in 2022; cash & equivalents $28.6M, down $0.3M.
R&D expenses surged to $1.9M from $0.7M, driven by INL project and labor costs.
G&A expenses fell 5% to $7.1M; stock-based compensation flat at $1.1M.
Cash from financing decreased to $6.2M from $10.9M as ATM proceeds dropped.
Entered FEED study contract with Centrus Energy and CANDU study with RATEN ICN.

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 fiscal year ended December 31, 2023.

Period: the fiscal year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 28, 2024, Lightbridge Corporation issued a press release relating to its results for the year ended December 31, 2023.

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LIGHTBRIDGE Corp filing history →

Source: SEC EDGAR

accession 0001477932-24-000940

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