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Dec 31, 2022
NuScale Power Q4 2022 Earnings Report
NuScale Power's Q4 2022 results were announced, featuring increased revenue and a higher net loss compared to the same period in 2021. The company highlighted key achievements, including securing an international customer and advancing design readiness.
Key Takeaways
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.
Secured Romania’s RoPower as first international committed customer and commenced FEED work.
Progressed commercial design readiness with completion of Standard Plant Design.
Advanced manufacturing and supply chain preparedness through new agreements.
Joined a research collaboration with Shell Global Solutions to assess clean hydrogen production.
NuScale Power
NuScale Power
Forward Guidance
NuScale anticipates higher cash usage in 2023 due to several factors. The company expects a negative operating cash flow range of $102 million to $142 million for 2023.