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Jun 30, 2022
NuScale Power Q2 2022 Earnings Report
NuScale Power's Q2 2022 financial results were reported, showing increased revenue and a reduced net loss compared to the same period last year. The company highlighted its strong balance sheet and progress towards strategic objectives.
Key Takeaways
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.
NuScale Power raised $381 million from the Spring Valley Acquisition Corp. merger and associated PIPE offering.
The company reaffirmed its financial outlook for 2022.
NuScale reported steady progress towards executing on near term strategic objectives.
A new VOYGRTM Services & Delivery business unit was formed to streamline services, supply chain and client management functions.
Forward Guidance
NuScale Power reaffirmed its financial outlook, including $16 million in cash revenue for the full year 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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