NuScale Power Earnings Reports

NuScale Power saw a significant revenue increase to $34.2 million in Q4 2024, up from $4.6 million in the same period last year. However, the company reported a net loss of $180.3 million due to a substantial non-cash expense of $170.0 million related to changes in the fair value of warrants. Operating expenses decreased year-over-year as the company transitioned from an R&D-focused entity to commercialization.

NuScale Power reported a revenue of $1.0 million and a net loss of $74.4 million for Q2 2024. The company's cash and equivalents amounted to $136.0 million. Business development activity is accelerating, particularly in the data center/AI sector, and manufacturing preparedness is advancing.

NuScale Power reported a revenue of $1.4 million and a net loss of $48.1 million for the first quarter of 2024. The company is focusing on transitioning towards commercialization and revenue-producing contracts, expecting $50 to $60 million in annualized savings starting in Q2 2024. The company ended the quarter with $137.1 million in cash and equivalents and no debt.

NuScale Power reported increased revenue and a larger net loss compared to the same period in 2022. The company announced a new project with ENTRA1 and terminated the Carbon Free Power Project with Utah Associated Municipal Power Systems.

NuScale Power reported revenue of $5.5 million and a net loss of $35.6 million for the first quarter of 2023. The company progressed with key projects and strengthened its customer pipeline in Poland, Indonesia and Korea.

NuScale Power reported Q4 2022 revenue of $3.4 million and a net loss of $47.2 million. The company secured its first international customer, Romania’s RoPower Nuclear S.A., and progressed its commercial design readiness.

NuScale Power reported revenue of $3.2 million and a net loss of $49.6 million for the third quarter of 2022. The company highlighted continued progress on strategic objectives, including securing a second committed customer and advancing supply chain readiness. They also have a strong balance sheet with $268.6 million in cash and equivalents and $50 million in short-term investments.

NuScale Power reported Q2 2022 results with revenue of $2.7 million and a net loss of $21.4 million. The company reaffirmed its financial outlook for 2022 and highlighted a strong balance sheet with $350.8 million in cash and equivalents and no debt.