nuclear-news

NuScale, maker of small nuclear reactors, reported revenue of $1.4 million and net loss of $48.1 million for the three-month period ended March 31, 2024

NuScale reported revenue of $1.4 million and net loss of $48.1 million for
the three-month period ended March 31, 2024, compared to revenue of $5.5
million and a net loss of $35.6 million for the same period in 2023. Higher
net loss reported in the period was driven by a one-time $3.2 million
charge associated with continuing our transition from an R&D-based company
to commercial operations, and a $9.0 million non-cash adjustment to the
fair value of our warrants due to an increase in the Company’s share price.

Business Wire 9th May 2024

https://www.businesswire.com/news/home/20240509403598/en

May 12, 2024 - Posted by Christina Macpherson | business and costs, USA