NuScale Q4 net loss $47.2M, FY net loss $141.6M; 2023 cash burn guided $102M-$142M

NUSCALE POWER Corp

Q4 2022 revenue $3.4M vs $1.5M YoY; net loss $47.2M vs $28M YoY.
Full-year 2022 revenue $11.8M, net loss $141.6M vs $102.5M in 2021.
Cash, equivalents, short-term investments $267.7M, no debt as of Dec 31, 2022.
2023 expected negative operating cash flow $102M-$142M due to lower DOE appropriations, delayed payments, higher R&D.
Secured first international customer RoPower (Romania); submitted second SDA application for 77 MWe VOYGR-6 module.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NUSCALE POWER Corp reported the quarter ended December 31, 2022 results: revenue $3.4 million, net income net loss of $47.2 million.

Period: the quarter ended December 31, 2022
Revenue: $3.4 million
Net income: net loss of $47.2 million
Result: reported results

Exact text from the filing

Revenue of $3.4 million and net loss of $47.2 million for the three-month period ended December 31, 2022

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Source: SEC EDGAR

accession 0001822966-23-000057

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