secwatch.observer — SEC 8-K summary
======================================

Issuer:     NUSCALE POWER Corp (SMR)
CIK:        0001822966
Form:       8-K
Filed at:   2024-03-14T23:59:59+00:00
Accession:  0001822966-24-000036
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822966/000182296624000036/0001822966-24-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822966/000182296624000036/smr-20240314.htm
  HTML page:      https://secwatch.observer/filing/0001822966-24-000036

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer