Lightbridge Q2 2024 net loss widens to $2.4M; cash burn increases on R&D spend

LIGHTBRIDGE Corp

2025-Q2 EPS reported -$0.38

Net loss of $2.4M for Q2 2024 vs. $1.7M in Q2 2023; revenue not reported (pre-revenue developer).
Working capital $26.4M at June 30, 2024; cash and equivalents $27.1M, no debt.
R&D expenses rose to $0.9M in Q2 2024 from $0.4M a year ago; projects $8.3M R&D over next 12-15 months.
CEO highlights passage of ADVANCE Act as pivotal for licensing Lightbridge Fuel; demand from AI and crypto data centers.

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