PORTLAND, Ore.--(BUSINESS WIRE)--NuScale Power Corporation (NuScale) (NYSE: SMR), the only technology provider and producer of small modular reactors (SMR) that has obtained U.S. Nuclear Regulatory Commission approval, today announced that Jim Breuer has joined the company’s Board of Directors, effective December 19, 2023. Breuer will replace Christopher Panichi, who has served on the NuScale board and the board of NuScale Power, LLC since 2020. Breuer is President of Fluor’s Energy Solutions business grou ...

NuScale Power Corporation (NYSE:SMR) Q3 2023 Results Conference Call November 8, 2023 5:00 PM ET Company Participants Scott Kozak - Director of Investor Relations John Hopkins - President and Chief Executive Officer Ramsey Hamady - Chief Financial Officer Conference Call Participants Marc Bianchi - TD Cowen Ryan Pfingst - B Riley Operator Good afternoon, and welcome to NuScale’s Third Quarter 2023 Earnings Results Conference Call. Today’s call is being recorded. All participants are in a listen-only mode. A ...

Revenue Performance - Revenue for the three months ended September 30, 2023, was $6.95 million, a 119% increase from $3.17 million in the same period of 2022[118]. Expenses - Research and development expenses for the three months ended September 30, 2023, were $63.73 million, up from $35.30 million in 2022, reflecting a $34.5 million charge for reimbursable net development costs[118][120]. - General and administrative expenses remained stable at approximately $16.40 million for the three months ended September 30, 2023, with a $3.7 million increase related to sales and marketing agreements[118][121]. - The company anticipates additional expenses between $11.0 million and $16.0 million related to a settlement agreement with CFPP LLC[136]. Operating Losses - The loss from operations for the three months ended September 30, 2023, was $92.92 million, compared to a loss of $66.10 million in the same period of 2022[118]. - The company expects operating losses and negative cash flows to continue as it develops technology and market relationships for commercialization[134][138]. Cash and Cash Equivalents - As of September 30, 2023, the company had $117.5 million in cash and cash equivalents, down from $217.7 million as of December 31, 2022[134]. - Net cash used in operating activities for the nine months ended September 30, 2023, was $110.04 million, compared to $104.73 million in 2022[139]. - The Company has $79.2 million identified as restricted cash, acting as collateral for $77.6 million in letters of credit outstanding as of September 30, 2023[144]. Letters of Credit - The letters of credit are based on forecasted spending for net development costs and long-lead materials through the end of the following quarter[144]. Financial Position - The company has an accumulated deficit of $221.7 million as of September 30, 2023, indicating significant ongoing financial challenges[134]. Accounting and Market Risk - Management believes there is no new accounting guidance that would materially impact the Company's current financial statements[146]. - There have been no material changes in the Company's market risk disclosures compared to the 2022 Annual Report[147].

NuScale Power Corporation (NYSE:SMR) Q2 2023 Earnings Conference Call August 9, 2023 5:00 PM ET Company Participants Scott Kozak - Director of Investor Relations John Hopkins - President and Chief Executive Officer Ramsey Hamady - Chief Financial Officer Conference Call Participants Marc Bianchi - TD Cowen Operator Good afternoon, and welcome to NuScale's Second Quarter 2023 Earnings Results Conference Call. Today's call is being recorded. All participants are in a listen-only mode. After managements' prepa ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Commission file number 001-04321 NUSCALE POWER CORPORATION (Exact name of registrant as specified in its charter) ______________________ (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 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 OR ☐ TRANSITION REPORT P ...

NuScale Power Corporation (NYSE:SMR) Q1 2023 Earnings Conference Call May 9, 2023 5:00 PM ET Company Participants Scott Kozak - Director of Investor Relations John Hopkins - President and Chief Executive Officer Chris Colbert - Chief Financial Officer Conference Call Participants Marc Bianchi - TD Cowen Operator Good afternoon, and welcome to NuScale's First Quarter 2023 Earnings Results Conference Call. Today's call is being recorded. All participants are in a listen-only mode. After managements' prepared ...

Certain statements in this Presentation may constitute "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding the expectations, hopes, beliefs, intentions or strategies of NuScale Power Corporation (the "Company") regarding the future, including, without limitation, statements regarding plans for research and development programs and expectations regarding revenues and profitability. In addition, a ...

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, 2023 OR ☐ 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 001-04321 NUSCALE POWER CORPORATION (Exact name of registrant as specified in its ...

Nuscale Power Corp (NYSE:SMR) Q4 2022 Earnings Conference Call March 15, 2023 5:00 PM ET Company Participants Scott Kozak - Director, Investor Relations John Hopkins - President, CEO & Director Chris Colbert - CFO Conference Call Participants Marc Bianchi - TD Cowen Operator Good afternoon, and welcome to NuScale's Fourth Quarter and Full Year 2022 Earnings Results Conference Call. Today's call is being recorded. [Operator Instructions]. A replay of today's conference will be available and accessible on NuS ...

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 For the transition period from _________ to ____________ Commission file number 001-04321 ____________________________________ NuScale Power Corporation ____ ...