NuScale Q3 revenue $7.0M, net loss $58.3M; terminates CFPP project

NUSCALE POWER Corp

2023-Q3 EPS reported -$0.55 revenue$18,250,000

Revenue $7.0M vs $3.2M YoY; net loss $58.3M vs $49.6M.
Cash $196.6M (incl $79.1M restricted); no debt.
Mutually terminated Carbon Free Power Project with UAMPS due to insufficient subscription.
Selected by Standard Power for two SMR facilities (nearly 2 GWe) via ENTRA1 partnership.
SDA application accepted for NRC review; milestone in Romania RoPower project.

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 0.9

NUSCALE POWER Corp reported the quarter ended September 30, 2023 results: revenue $7.0 million, net income $58.3 million.

Period: the quarter ended September 30, 2023
Revenue: $7.0 million
Net income: $58.3 million
Result: reported results

Exact text from the filing

Revenue of $7.0 million and net loss of $58.3 million for the three-month period ended September 30, 2023, compared to revenue of $3.2 million and a net loss of $49.6 million, respectively, for the same period in 2022.

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Source: SEC EDGAR

accession 0001822966-23-000258

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