NuScale posts Q1 loss of $35.6M; cash at $252M; progresses toward commercialization

NUSCALE POWER Corp

2023-Q1 EPS reported -$0.16 revenue$5,505,000

Revenue of $5.5M (up from $2.4M YoY) but net loss widened to $35.6M from $23.4M.
Cash, cash equivalents & ST investments of $252M ($34M restricted); no debt.
Advanced CFPP with UAMPS and RoPower FEED work; NRC SDA application in technical review.
Ordered long-lead materials from Doosan Enerbility for first NuScale Power Modules.
Expanded international pipeline with developments in Poland, Indonesia, Korea.

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 0.97

NUSCALE POWER Corp reported the quarter ended March 31, 2023 results: revenue $5.5 million, net income $35.6 million.

Period: the quarter ended March 31, 2023
Revenue: $5.5 million
Net income: $35.6 million
Result: reported results

Exact text from the filing

Revenue of $5.5 million and net loss of $35.6 million for the three-month period ended March 31, 2023, compared to revenue of $2.4 million and a net loss of $23.4 million, respectively, for the same period in 2022.

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Source: SEC EDGAR

accession 0001822966-23-000093

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