NuScale Q4 2023 revenue $4.6M, net loss $56.4M; annual savings plan $50-60M

NUSCALE POWER Corp

Full-year 2023 revenue $22.8M (up 93% YoY) and net loss $180.1M (vs $141.6M in 2022).
Cash and equivalents $125.4M ($5.1M restricted); no debt on balance sheet.
January 2024 cost efficiency actions expected to yield $50-60M in annualized savings.
RoPower project advancing to Phase 2 FEED; Standard Power selected 24 modules for 2 GW.
NRC accepted Standard Design Approval application for 77 MWe module; 24-month review.

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 fourth quarter and full year ended December 31, 2023 results: revenue Revenue of $4.6 million, net income net loss of $56.4 million.

Period: the fourth quarter and full year ended December 31, 2023
Revenue: Revenue of $4.6 million
Net income: net loss of $56.4 million
Result: reported results

Exact text from the filing

immediate commercial opportunities with a focus on advancing revenue- generating projects, securing new orders and positioning NuScale towards long- term success. • Revenue of $4.6 million and net loss of $56.4 million for the three-month period ended December 31, 2023, compared to revenue of $3.4 million and a net loss of $47.2 million, respectively, for the same

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NUSCALE POWER Corp reported the twelve-month period ended December 31, 2023 results: revenue Revenue of $22.8 million, net income net loss of $180.1 million.

Period: the twelve-month period ended December 31, 2023
Revenue: Revenue of $22.8 million
Net income: net loss of $180.1 million
Result: reported results

Exact text from the filing

Revenue of $22.8 million and a net loss of $180.1 million for the twelve-month period ended December 31, 2023, compared to revenue of $11.8 million and a net loss of $141.6 million for the same period in 2022.

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Source: SEC EDGAR

accession 0001822966-24-000036

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