Lightbridge(US:LTBR) GlobeNewswire News Room·2025-05-12 11:00Core Insights - Lightbridge Corporation reported significant advancements in its fuel development program, including a successful co-extrusion demonstration of a depleted uranium-zirconium alloy coupon sample, which is crucial for future production of enriched uranium samples for testing [2] - The company is strategically positioned to meet the growing global demand for reliable energy, particularly in the context of decarbonization and AI technologies, with its Lightbridge Fuel™ technology [2] - Lightbridge aims to support the U.S. commitment to increase nuclear power capacity, potentially raising its share of U.S. electricity from 19% to over 50% by 2050 [2] Financial Highlights - Working capital increased to $56.5 million as of March 31, 2025, from $39.9 million at December 31, 2024 [3] - Cash and cash equivalents rose to $56.9 million, up from $40.0 million at the end of 2024, marking an increase of $16.9 million [4] - Total assets were reported at $58.3 million, with total liabilities at $1.0 million, resulting in stockholders' equity of $57.3 million as of March 31, 2025 [4] Cash Flow Summary - Cash used in operating activities for Q1 2025 was $3.3 million, an increase of $1.4 million compared to $1.9 million in Q1 2024, primarily due to higher R&D and administrative expenses [6] - Cash provided by financing activities surged to $20.2 million, up from $1.2 million in Q1 2024, mainly due to increased net proceeds from common stock issuance [6] Operating Expenses - General and administrative expenses rose to $3.5 million in Q1 2025 from $2.2 million in Q1 2024, driven by higher employee compensation and consulting fees [7] - Total R&D expenses increased to $1.7 million in Q1 2025 from $1.0 million in Q1 2024, attributed to higher project labor costs and employee compensation [8] Net Loss - The net loss for Q1 2025 was $4.8 million, compared to a net loss of $2.8 million in Q1 2024, reflecting increased operating expenses [15][19]