secwatch.observer — SEC 8-K summary
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Issuer:     NUSCALE POWER Corp (SMR)
CIK:        0001822966
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001822966-24-000110
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NuScale Q2 net loss widens to $74.4M; revenue down to $1.0M; cash $136M
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- Net loss of $74.4M vs $29.7M YoY; includes $36.7M non-cash warrant expense.
- Revenue fell to $1.0M from $5.8M YoY; operating loss narrowed to $41.9M from $56.1M.
- Cash and equivalents $136.0M ($5.1M restricted); no debt.
- Data center/AI customer conversations accelerating; RoPower authorized Phase 2 FEED for Doicesti SMR.
- NRC design approval review on track for mid-2025; Doosan Enerbility forging long lead materials.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822966/000182296624000110/0001822966-24-000110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822966/000182296624000110/smr-20240808.htm
  HTML page:      https://secwatch.observer/filing/0001822966-24-000110

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