secwatch.observer — SEC 8-K summary
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Issuer:     NUSCALE POWER Corp (SMR)
CIK:        0001822966
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001822966-24-000069
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NuScale Power reports Q1 revenue $1.4M, net loss $48.1M; targets $50-60M annual savings
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- Revenue $1.4M vs $5.5M YoY; net loss $48.1M vs $35.6M YoY, includes $9.0M non-cash warrant adjustment.
- Cash and equivalents $137.1M (no debt), up from $125.4M at year-end 2023.
- Expected annualized cost savings of $50-60M starting Q2 2024 from strategic restructuring.
- Doosan Enerbility continues manufacturing NuScale Power Modules; Fluor/RoPower FEED planning ongoing.
- CEO cites hyperscale data center and AI demand driving interest in SMR technology.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822966/000182296624000069/0001822966-24-000069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822966/000182296624000069/smr-20240509.htm
  HTML page:      https://secwatch.observer/filing/0001822966-24-000069

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