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10-Q: Q2 2024 Earnings Report

10-Q: Q2 2024 Earnings Report

10-Q:2024财年二季报
美股SEC公告 ·  2024/08/09 13:13

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NuScale Power Corporation reported a net loss of $74.4 million for Q2 2024, compared to a $29.7 million loss in Q2 2023. Revenue declined to $1.0 million from $5.8 million, primarily due to the termination of the CFPP LLC contract. The company ended the quarter with $130.9 million in cash and cash equivalents.The company is executing a strategic transition from R&D to commercialization, implementing cost reduction initiatives including a 28% workforce reduction in January 2024. Research and development expenses decreased to $12.1 million from $26.9 million year-over-year, while sponsored cost share declined to $2.4 million from $16.3 million due to reduced DOE funding.During Q2, NuScale raised $31.8 million through its ATM program and subsequently signed a new contract with RoPower for a project in Romania. Management believes current funding is sufficient for the next 12 months based on implemented cost cuts, ATM proceeds, and new customer contracts. The company continues to advance its SMR technology with NRC design approval expected by July 2025.
NuScale Power Corporation reported a net loss of $74.4 million for Q2 2024, compared to a $29.7 million loss in Q2 2023. Revenue declined to $1.0 million from $5.8 million, primarily due to the termination of the CFPP LLC contract. The company ended the quarter with $130.9 million in cash and cash equivalents.The company is executing a strategic transition from R&D to commercialization, implementing cost reduction initiatives including a 28% workforce reduction in January 2024. Research and development expenses decreased to $12.1 million from $26.9 million year-over-year, while sponsored cost share declined to $2.4 million from $16.3 million due to reduced DOE funding.During Q2, NuScale raised $31.8 million through its ATM program and subsequently signed a new contract with RoPower for a project in Romania. Management believes current funding is sufficient for the next 12 months based on implemented cost cuts, ATM proceeds, and new customer contracts. The company continues to advance its SMR technology with NRC design approval expected by July 2025.
NuScale Power Corporation报告2024年第二季度净亏损7440万美元,较2023年第二季度的2970万美元亏损有所增加。营业收入从580万美元下降至100万美元,主要是由于CFPP LLC合同的终止。公司在季度末持有现金及现金等价物13090万美元。公司正在实施从研发到商业化的战略转型,推行包括在2024年1月裁员28%的成本削减举措。研发费用同比减少至1210万美元,较2690万美元下降,而赞助成本分摊从1630万美元减少至240万美元,原因是DOE资金减少。在第二季度,NuScale通过其ATm计划筹集了3180万美元,并随后与RoPower签署了一项在罗马尼亚的项目新合同。管理层认为,鉴于实施的成本削减、ATm收益和新客户合同,当前资金足以支持未来12个月的运营。公司继续推进其SMR科技,预计将在2025年7月获得NRC设计批准。
NuScale Power Corporation报告2024年第二季度净亏损7440万美元,较2023年第二季度的2970万美元亏损有所增加。营业收入从580万美元下降至100万美元,主要是由于CFPP LLC合同的终止。公司在季度末持有现金及现金等价物13090万美元。公司正在实施从研发到商业化的战略转型,推行包括在2024年1月裁员28%的成本削减举措。研发费用同比减少至1210万美元,较2690万美元下降,而赞助成本分摊从1630万美元减少至240万美元,原因是DOE资金减少。在第二季度,NuScale通过其ATm计划筹集了3180万美元,并随后与RoPower签署了一项在罗马尼亚的项目新合同。管理层认为,鉴于实施的成本削减、ATm收益和新客户合同,当前资金足以支持未来12个月的运营。公司继续推进其SMR科技,预计将在2025年7月获得NRC设计批准。
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