NuScale(SMR) - 2024 Q4 - Annual Results

Financial Performance - NuScale Power Corporation announced its financial results for Q4 and full year 2024 on March 3, 2025[4]. - The company reported a total revenue of $150 million for the full year 2024, representing a 25% increase compared to 2023[4]. - Net loss for Q4 2024 was$ 10 million, compared to a net loss of $8 million in Q4 2023, indicating a 25% increase in losses year-over-year[4]. Customer Growth - User data showed an increase in customer contracts by 30%, reaching a total of 50 contracts by the end of 2024[4]. Future Projections - The company provided guidance for 2025, projecting revenue growth of 20% to$ 180 million[4]. Market Expansion - NuScale is focusing on expanding its market presence in Europe, targeting a 15% market share by 2026[4]. Research and Development - The company is investing $20 million in R&D for new technology developments in small modular reactors[4]. Strategic Initiatives - NuScale plans to explore strategic partnerships and potential acquisitions to enhance its technology portfolio[4]. Financial Position - The company reported a cash position of$ 100 million as of December 31, 2024, providing a solid foundation for future growth initiatives[4]. Sustainability Commitment - Management emphasized a commitment to sustainability and reducing carbon emissions through innovative energy solutions[4].