Lightbridge Q1 net loss widens to $2.8M; cash burn increases on R&D ramp

LIGHTBRIDGE Corp

2025-Q1 EPS reported -$0.21

Net loss of $2.8M for Q1 2024 vs $2.0M in Q1 2023, driven by higher R&D and G&A costs.
Cash and equivalents $27.9M at March 31, 2024, down $0.7M from Dec 31, 2023.
R&D expenses doubled to $1.0M from $0.4M, reflecting INL project labor and outside costs.
INL achieved demonstration of partial-length fuel rod sample using depleted uranium-zirconium alloy.
Working capital stood at $27.4M as of March 31, 2024, compared to $28.3M at year-end 2023.

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 the first quarter ended March 31, 2024 results: net income Net loss was $2.8 million for the first quarter ended March 31, 2024.

Period: the first quarter ended March 31, 2024
Net income: Net loss was $2.8 million for the first quarter ended March 31, 2024
Result: reported results

Exact text from the filing

Net loss was $2.8 million for the first quarter ended March 31, 2024, compared to $2.0 million for the first quarter ended March 31, 2023.

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Source: SEC EDGAR

accession 0001477932-24-002638

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