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Jun 30, 2021
Centrus Q2 2021 Earnings Report
Centrus reported a profitable quarter with net income, driven by technical solutions segment growth and progress in HALEU production licensing.
Key Takeaways
Centrus Energy Corp. reported a net income of $11.6 million on revenue of $62.4 million for Q2 2021. The company's consolidated cash balance was $176.0 million as of June 30, 2021. The U.S. Nuclear Regulatory Commission approved a license amendment request to produce HALEU.
Net income was $11.6 million on $62.4 million in revenue.
Consolidated cash balance of $176.0 million as of June 30, 2021.
NRC approved license amendment request to produce HALEU.
Made progress on the HALEU demonstration program, anticipating production next year.
Revenue by Segment
Forward Guidance
This news release contains forward-looking statements that address matters that are, to different degrees, uncertain.
Positive Outlook
- Expected future business and financial performance.
- Ability to sell LEU
- Government funding or demand for HALEU for government or commercial uses will materialize
- Ability to perform and absorb costs under our agreement with the U.S. Department of Energy (“DOE”) to demonstrate the capability to produce HALEU or obtain funding to be able to continue operations and our ability to obtain and/or perform under other agreements
- Ability to attract and retain key personnel
Challenges Ahead
- Risks related to natural and other disasters, including the continued impact of the March 2011 earthquake and tsunami in Japan on the nuclear industry and on our business, results of operations and prospects
- Risks related to financial difficulties experienced by customers, including possible bankruptcies, insolvencies or any other inability to pay for our products or services or delays in making timely payment
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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