Lightbridge(LTBR)

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Lightbridge(LTBR) - 2022 Q1 - Earnings Call Transcript
2022-05-12 23:51
Lightbridge Corp (NASDAQ:LTBR) Q1 2022 Earnings Conference Call May 12, 2022 4:00 PM ET Company Participants Matthew Abenante - Director, IR Seth Grae - President, CEO & Executive Director Andrey Mushakov - EVP, Nuclear Operations Lawrence Goldman - CFO, Treasurer & Corporate Secretary Sherrie Holloway - Controller James Fornof - VP, Nuclear Program Management Conference Call Participants Operator Good day, ladies and gentlemen, thank you for standing by, and welcome to the Lightbridge Corporation Business ...
Lightbridge(LTBR) - 2022 Q1 - Quarterly Report
2022-05-12 21:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number: 001-34487 LIGHTBRIDGE CORPORATION (Exact name of registrant as specified in its charter) (State or other ...
Lightbridge(LTBR) - 2021 Q4 - Annual Report
2022-03-31 20:17
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-34487 LIGHTBRIDGE CORPORATION (Exact name of registrant as specified in its charter) Nevada 91-1975651 (I.R.S. Employer Identification No.) (State or other jurisdicti ...
Lightbridge(LTBR) - 2021 Q4 - Earnings Call Transcript
2022-03-10 21:42
Lightbridge Corp (NASDAQ:LTBR) Q4 2021 Earnings Conference Call March 10, 2022 11:00 AM ET Company Participants Matthew Abenante - Director, IR Seth Grae - President, CEO & Executive Director Andrey Mushakov - EVP, Nuclear Operations James Fornof - VP, Program Management Conference Call Participants Operator Thank you for standing by, and welcome to the Lightbridge Corporation Business Update Conference Call. Please note that today's call is being recorded. It is now my pleasure to introduce Matthew Abena ...
Lightbridge(LTBR) - 2021 Q2 - Earnings Call Transcript
2021-11-08 23:06
Lightbridge Corporation (NASDAQ:LTBR) Q3 2021 Earnings Conference Call November 8, 2021 4:00 PM ET Company Participants Matthew Abenante - IR Seth Grae - CEO Andrey Mushakov - EVP for Nuclear Operations Larry Goldman - CFO Sherrie Holloway - Controller Conference Call Participants Operator Thank you for standing by, and welcome to the Lightbridge Corporation Business Update and Third Quarter 2021 Conference Call. Please note that today's call is being recorded. And it's now my pleasure to introduce Matthew ...
Lightbridge(LTBR) - 2021 Q3 - Quarterly Report
2021-11-08 22:00
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number: 001-34487 LIGHTBRIDGE CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdicti ...
Lightbridge Corporation (LTBR) Investor Presentation - Slideshow
2021-08-23 19:25
® Advanced Nuclear Fuel Technologies to impact the world's climate and energy problems soon enough to make a difference NASDAQ : LTBR August 2021 Safe Harbor Statement With the exception of historical matters, the matters discussed in this presentation are forwardlooking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the timing and outcome of research and development activities and other steps to commercialize Lightbridge Fuel, future de ...
Lightbridge(LTBR) - 2021 Q2 - Quarterly Report
2021-08-09 21:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number: 001-34487 LIGHTBRIDGE CORPORATION (Exact name of registrant as specified in its charter) (State or other j ...
Lightbridge(LTBR) - 2021 Q1 - Earnings Call Transcript
2021-05-13 02:36
Lightbridge Corporation (NASDAQ:LTBR) Q1 2021 Results Earnings Conference Call May 12, 2021 4:00 PM ET Company Participants Matthew Abenante - Director, Investor Relations Seth Grae - Chief Executive Officer Larry Goldman - Chief Financial Officer Sherrie Holloway - Accounting Manager Andrey Mushakov - Executive Vice President, Nuclear Operations Jim Fornof - Vice President, Nuclear Program Management Conference Call Participants Operator Thank you for standing by and welcome to the Lightbridge Corporation ...
Lightbridge(LTBR) - 2021 Q1 - Quarterly Report
2021-05-12 21:00
Financial Performance - Total operating expenses for the three months ended March 31, 2021, decreased by 7% to $2,152,310 from $2,326,579 in the same period of 2020[114]. - General and administrative expenses decreased by approximately $153,895, or 8%, to $1,782,860 for the three months ended March 31, 2021, compared to $1,936,755 in 2020[114]. - Research and development expenses decreased by 5% to $369,450 for the three months ended March 31, 2021, from $389,824 in the same period of 2020[114]. - The net loss for the three months ended March 31, 2021, was $2,011,988, a decrease of 11% compared to a net loss of $2,264,086 in 2020[115]. Research and Development - Lightbridge Corporation is developing next-generation nuclear fuel aimed at improving economics, safety, and proliferation resistance in nuclear reactors[96]. - Lightbridge Corporation has built a significant portfolio of patents and is conducting R&D activities with U.S. national laboratories[99]. - Total R&D expenses for Q1 2021 were consistent with Q1 2020, with a decrease in employee compensation of approximately $0.2 million offset by increases in outside R&D work and patent expenses of approximately $0.1 million each[119]. - The ongoing COVID-19 pandemic has led to a reduction in R&D expenses and an increase in general and administrative expenses due to severance payments[103]. Future Projections - The first small modular reactors (SMRs) expected to use Lightbridge Fuel™ are projected to begin operations in 2029[98]. - The company projects a negative cash flow from operations averaging approximately $0.8 million per month, leading to total expected expenditures of approximately $9 million to $10 million over the next 12 to 15 months[127]. - The company has approximately $14.8 million of working capital, which is expected to exceed budgeted expenditures through Q1 2022[127]. - The company plans to seek shareholder approval on May 27, 2021, to increase the number of authorized common shares to finance current and future R&D activities[128]. Funding and Support - The company requires substantial U.S. government support for its nuclear fuel R&D efforts, and failure to secure this funding may necessitate seeking alternative funding sources[129]. - The company has no debt or lines of credit and has financed operations through prior consulting revenue and the sale of preferred and common stock[131]. - The company was awarded a GAIN voucher from the DOE for a project valued at approximately $664,000 to support the development of Lightbridge Fuel™[108]. Strategic Alliances - The company aims to create strategic alliances over the next three years to support remaining R&D activities for fuel products[133]. - A settlement agreement with Framatome resulted in a payment of approximately $4.2 million for outstanding invoices and expenses[106].