Lightbridge(LTBR)
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Lightbridge(LTBR) - 2023 Q3 - Quarterly Report
2023-10-31 21:04
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: September 30, 2023 ☐ 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 ot ...
Lightbridge(LTBR) - 2023 Q2 - Quarterly Report
2023-07-31 20:15
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, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (I.R.S. Employer Identification No.) (State or other jurisdiction of incorporation or organization) For the transition period from _____________ to _____________ 11710 Plaza America Drive, Sui ...
Lightbridge(LTBR) - 2023 Q2 - Earnings Call Transcript
2023-07-28 02:25
Financial Data and Key Metrics Changes - The net loss for the second quarter ended June 30, 2023, was $1.7 million, compared to $1.5 million for the same period in 2022, indicating a slight increase in losses [58] - Total cash and cash equivalents decreased to $28.2 million as of June 30, 2023, from $28.9 million at December 31, 2022, reflecting a decrease of $0.7 million [25] - Total general and administrative costs were $1.6 million for the second quarter of 2023, up from $1.4 million in the same quarter of 2022 [15] Business Line Data and Key Metrics Changes - Total R&D expenses amounted to $0.4 million for the second quarter of 2023, compared to $0.2 million for the same period in 2022, primarily due to increased project labor costs [58] - The company is collaborating with Texas A&M University on a $1 million study to evaluate the thermal hydraulic performance of Lightbridge Fuel in a NuScale small modular reactor [1][2] Market Data and Key Metrics Changes - Countries in North America, the European Union, and Asia are initiating efforts to extend nuclear plant licenses and construct new facilities, indicating a growing recognition of nuclear power's role in achieving energy and climate goals [13] - The U.K. launched the Great British Nuclear Initiative, aiming for 25% of its electricity from nuclear energy by 2050, reflecting a broader trend towards nuclear energy [31] Company Strategy and Development Direction - The company has joined two pivotal public-private nuclear power partnerships, including the HALEU consortium, to support advanced nuclear energy technologies [5][6] - Lightbridge aims to influence policies and initiatives affecting the small modular reactor market through its participation in the U.S. Department of Commerce's SMR Working Group [7] Management's Comments on Operating Environment and Future Outlook - Management emphasized the increasing perception of nuclear power as essential for national security, energy, and climate objectives, especially in light of global energy challenges [56] - The company is optimistic about the future of nuclear energy and its role in providing clean, reliable electricity with zero carbon emissions [57] Other Important Information - The company received a notice of allowance for a divisional patent related to its innovative metallic nuclear fuel assemblies, expanding its intellectual property portfolio to over 160 patents [21] - The company has strengthened its team by appointing industry experts, including Dr. Scott Holcombe as Vice President of Engineering and Sherri Goodman to the Board of Directors [9][10] Q&A Session Summary Question: Are both the metallic bonded cladding and full casting method being examined for Lightbridge Fuel testing? - The company is developing both methods for different reactor applications to optimize fitting inside the fuel assembly geometry [52][53] Question: How does TRISO fuel compare and contrast to Lightbridge Fuel? - TRISO fuel is designed for different reactor applications and is generally for high-temperature reactor designs, while Lightbridge Fuel can be used in existing water-cooled reactors and future small modular reactors [61] Question: Is there a rough estimate for the cost of retrofitting existing fleet reactors to accept Lightbridge Fuel? - The estimated one-time upfront cost for retrofitting a typical existing 1,100-megawatt pressurized water reactor to accommodate Lightbridge Fuel is approximately $85 million [37]
Lightbridge(LTBR) - 2023 Q1 - Quarterly Report
2023-05-11 21:00
(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, 2023 ☐ 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 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q LIGHTBRIDGE CORPORATION (Exact name of registrant as specified in its charter) Nevada 91-197565 ...
Lightbridge(LTBR) - 2022 Q4 - Earnings Call Transcript
2023-03-31 00:47
Financial Data and Key Metrics Changes - The company's working capital position at December 31, 2022, was $28.7 million, compared to $24.7 million at December 31, 2021 [20] - Total cash used in operating activities totaled $6.7 million, a decrease of $4.3 million in 2022 compared to 2021 [21] - Net loss for the year ended December 31, 2022, was $7.5 million, compared to $7.8 million for 2021 [32] Business Line Data and Key Metrics Changes - Total R&D expenses amounted to $0.7 million for the year ended December 31, 2022, compared to $1.4 million for the year ended December 31, 2021, a decrease of $0.7 million [32] - Total G&A expenses for the year ended December 31, 2022, were $7.5 million compared to $7.1 million for the prior year, an increase of $0.4 million [33] Market Data and Key Metrics Changes - The company highlighted a growing interest in nuclear energy, with 90 nuclear power reactors on order or being planned worldwide, and over 300 reactors at the proposal stages [28] - The recent geopolitical events, particularly Russia's invasion of Ukraine, have heightened the focus on energy security, leading to increased momentum for nuclear power [25][26] Company Strategy and Development Direction - The company is pursuing strategic partnerships, including a project agreement with the DOE and Idaho National Laboratory, to advance Lightbridge Fuel development [7][10] - The company plans to invest $6.5 million in research and development over the next 12 to 15 months to support its fuel development [30] Management's Comments on Operating Environment and Future Outlook - Management noted that accountability for achieving net-zero carbon targets is driving momentum toward more nuclear-friendly policies [25] - The company believes that nuclear power is essential for expanding the availability of clean and reliable baseload electricity without carbon emissions [18] Other Important Information - The company successfully completed a project at Pacific Northwest National Lab to demonstrate its nuclear fuel casting process using depleted uranium, a key step in manufacturing Lightbridge Fuel [9][17] - The company expects to continue seeking government funding and forming strategic alliances to support future R&D milestones [30] Q&A Session Summary - The conference call concluded without a Q&A session, as indicated by the closing remarks from the CEO [35]
Lightbridge(LTBR) - 2022 Q4 - Annual Report
2023-03-30 21:02
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, 2022 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 (State or other jurisdiction of incorporation or organization) ...
Lightbridge(LTBR) - 2022 Q3 - Earnings Call Transcript
2022-11-01 00:35
Start Time: 16:00 January 1, 0000 4:25 PM ET Lightbridge Corporation (NASDAQ:LTBR) Q3 2022 Earnings Conference Call October 31, 2022, 16:00 PM ET Company Participants Seth Grae - President and CEO Larry Goldman - CFO Andrey Mushakov - EVP, Nuclear Operations James Fornof - VP, Program Management Sherrie Holloway - Controller Matthew Abenante - Director, IR Conference Call Participants Operator Thank you for standing by, and welcome to the Lightbridge Corporation Business Update and Third Quarter 2022 Confer ...
Lightbridge(LTBR) - 2022 Q3 - Quarterly Report
2022-10-31 21:00
For the quarterly period ended: September 30, 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) 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 Nevada 91-19 ...
Lightbridge(LTBR) - 2022 Q2 - Earnings Call Transcript
2022-07-28 23:41
Lightbridge Corp (NASDAQ:LTBR) Q2 2022 Earnings Conference Call July 28, 2022 4:00 PM ET Company Participants Matthew Abenante - Director, IR Seth Grae - President, CEO and Executive Director Andrey Mushakov - EVP, Nuclear Operations Lawrence Goldman - CFO, Treasurer and Corporate Secretary Sherrie Holloway - Controller James Fornof - VP, Nuclear Program Management Conference Call Participants Operator Thank you for standing by and welcome to the Lightbridge Corporation Business Update and Second Quarter 20 ...
Lightbridge(LTBR) - 2022 Q2 - Quarterly Report
2022-07-28 21:01
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, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Commission File Number: 001-34487 LIGHTBRIDGE CORPORATION (Exact name of registrant as specified in its charter) (State or other j ...