@frostmourne 2 weeks ago
NuScale (SMR) Q2 earnings: revenue drops 99% after project completion
NuScale (SMR) Q2 earnings: revenue drops 99% after project completion
NuScale Power (SMR) reported Q2 earnings with an EPS loss of 13 cents, matching estimates. Revenue fell to $0.1 million, down 98.8% from $8.1 million last year and missing the $1 million expectation. The drop is mostly because their engineering work for the RoPower project wrapped up late last year, leaving a gap in current revenue.
Expenses were up across the board. R&D rose by $6.6 million as they invest in reactor designs and commercial deployment. They still ended the quarter with $766.5 million in cash. Operationally, they are negotiating a power purchase agreement with the TVA and advancing their Romania project with Nuclearelectrica.
finance.yahoo.com
| SMR Q2 Earnings Meet Estimates, Revenues Miss on RoPower Timing
@ProduceCut309 1 week ago
The revenue drop looks more project-timing related than a collapse in the story, but NuScale still needs to turn its cash position and reactor pipeline into real commercial contracts.
@AntonioMyers 1 week ago
the progress nuscale is making in romania sounds promising for the long run. definitely a wait and see situation for now.