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NuScale Power reports Q4 revenue surge, narrows operating loss

Published 03/03/2025, 22:40
SMR
3.49%

CORVALLIS, Ore. - NuScale Power Corporation (NYSE: SMR), a provider of advanced small modular reactor (SMR) nuclear technology, reported a significant increase in fourth-quarter revenue and a narrower operating loss compared to the previous year. The company’s stock edged up 1% following the announcement.

NuScale’s Q4 revenue jumped to $34.2 million, a substantial rise from $4.6 million in the same quarter last year. The company also reported an operating loss of $11.9 million for the quarter, a marked improvement from the $71.1 million loss in the year-earlier period.

The company’s cash position was bolstered by warrant exercises that generated $227.7 million in cash proceeds, with $205.3 million received in the fourth quarter. As of December 31, 2024, NuScale had $446.7 million in cash, cash equivalents, and short-term investments, up from $161.7 million at the end of the third quarter.

"As the first and only small modular reactor technology to receive NRC design approval and certification, and with long lead materials for 12 modules already in production, NuScale is the first mover in commercial SMR development," said John Hopkins, President and CEO of NuScale Power.

The company reported progress on several fronts, including the continuation of Fluor (NYSE:FLR)’s Phase 2 Front-End Engineering and Design study for the RoPower Doicești power plant and advancements in manufacturing preparedness with supply chain partner Doosan Enerbility.

NuScale’s net loss for the quarter was $180.3 million, which included a non-cash expense of $170.0 million related to the change in the fair value of warrants. Operating expenses decreased YoY to $43.0 million from $71.8 million in the previous year’s quarter.

The company noted robust business development activity, including advanced dialogue with prospective data center and artificial intelligence customers seeking reliable, clean energy solutions.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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