secwatch.observer — SEC 8-K summary
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Issuer:     NUSCALE POWER Corp (SMR)
CIK:        0001822966
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001822966-24-000140
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NuScale Q3 net loss narrows to $45.5M; revenue falls to $0.5M; cash at $161.7M
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- Revenue of $0.5M vs $7.0M YoY; net loss $45.5M vs $58.3M in Q3 2023.
- Operating expense reduced to $41.2M from $93.9M, reflecting cost-cutting actions.
- Cash, cash equivalents and short-term investments $161.7M ($5.1M restricted); no debt.
- Proceeding with FEED Phase 2 study for RoPower Doicești SMR plant in Romania.
- Doosan Enerbility progressing on production of first NuScale Power Modules.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822966/000182296624000140/0001822966-24-000140-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822966/000182296624000140/smr-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001822966-24-000140

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