NANO Nuclear Energy | 10-Q: Quarterly report
NANO Nuclear Energy | 10-Q: Quarterly report
NANO Nuclear Energy | 10-Q：季度报表
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NANO Nuclear Energy Inc. reported a net loss of $1.68 million for Q1 2024, compared to a $1.52 million loss in Q1 2023, as the company continues developing its advanced nuclear microreactors. Revenue remained at zero while operating expenses reached $1.71 million, primarily driven by $1.42 million in general and administrative costs and $290,539 in research and development expenses.The company maintained a strong financial position with $5.96 million in cash as of March 31, 2024, down from $6.95 million at the end of September 2023. Notable developments include signing an exclusive license for HALEU fuel transportation technology and completing design audits for both ZEUS and ODIN reactor projects at Idaho National Laboratory.Management expects to invest approximately $4 million over the next twelve months, with $2 million allocated to microreactor R&D and $2 million for operational expenses. The company successfully completed its IPO in May 2024, raising gross proceeds of $10.25 million, with an additional $1.54 million from the full exercise of the over-allotment option.
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