NuScale Posts Narrower Q1 Loss Y/Y With Revenue Growth, Stock Up

Core Insights - NuScale Power Corporation experienced a 1.2% increase in share price after releasing its first-quarter 2025 results, which showed a narrower loss and increased revenues [1] Financial Performance - The company reported an adjusted loss per share of 11 cents, an improvement from a loss of 21 cents in the same quarter last year [3] - Revenues for the quarter reached $13.4 million, a significant increase of 857% compared to $1.4 million in the prior-year quarter, driven by contributions from the FEED Phase 2 project and a Technology License Agreement related to the RoPower Doicesti power plant [3] - Operating expenses decreased by 5.2% year over year to $42.3 million, primarily due to lower research and development costs, although this was partially offset by higher general and administrative expenses [4] - The loss from operations was reported at $35.3 million, down from $44 million in the year-ago quarter, attributed to higher gross margins and lower operating expenses [4] Cash Position and Investments - As of March 31, 2025, NuScale Power had cash and cash equivalents of $491.6 million, an increase from $401.6 million as of December 31, 2024 [5] - Short-term investments decreased to $30 million from $40 million at the end of 2024 [5] - The company raised $102.4 million in gross proceeds by selling 4.5 million shares through the At-The-Market program during the quarter [5] Strategic Developments - NuScale continues to solidify its position as the first and only small modular reactor provider to receive NRC design approval, with 12 modules currently in the manufacturing process [2] - The company is in advanced discussions with multiple potential customers, including governments and energy companies, to meet its 2030 delivery target [2]