NYSE$SMR
NuScale Power Corporation · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
NuScale Power reported a decrease in revenue and a higher net loss compared to the previous year, while operating loss decreased due to cost reduction efforts.
NuScale Power reported a revenue of $1.0 million and a net loss of $74.4 million for Q2 2024. The company's cash and equivalents amounted to $136.0 million. Business development activity is accelerating, particularly in the data center/AI sector, and manufacturing preparedness is advancing.
- Ended Q2 2024 with $136.0 million in cash and equivalents.
- Reported revenue of $1.0 million for Q2 2024.
- Q2 2024 net loss was $74.4 million, including a $36.7 million non-cash expense related to warrants.
- Operating loss decreased to $41.9 million due to cost reduction efforts.
Headline financials
Revenue & EPS history
NuScale Power · Revenue · Quarterly
$967K
Forward guidance
The company anticipates additional revenue from Fluor Corporation over the next 12 months related to the Doicesti project FEED Phase 2.
Tailwinds
- Execution of revenue generating agreement with RoPower.
- Anticipated revenue from Fluor Corporation.
- Advancing customer conversations in the data center/AI sector.
- RoPower authorized Phase 2 Front-End Engineering and Design (FEED Phase 2) study for the Doicesti small modular reactor (SMR) power plant.
- Standard Design Approval application under review by the U.S. Nuclear Regulatory Commission and remains on track for mid-year 2025 completion, as scheduled
Headwinds
- Company’s liquidity and ability to raise capital
- Company's failure to receive new contract awards
- Cost overruns, project delays or other problems arising from project execution activities, including the failure to meet cost and schedule estimates
- Intense competition in the industries in which we operate
- Failure of our partners to perform their obligations
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 15 quarterly earnings reports · overlaid with Q2 2024
+0.7%
Avg return
Earnings day
-0.4%
Avg return
5 days after
+2.0%
Avg return
30 days after
53%
10 / 19 earnings
Positive
+21.3%
Q1 2025
Best reaction
-35.2%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -7.2% | -11.4% | -22.5% | |
| Q4 2025 | -3.5% | -5.9% | -22.7% | |
| Q3 2025 | -6.8% | -20.0% | -34.1% | |
| Q1 2025 | +21.3% | +35.9% | +127.0% | |
| Q4 2024 | +11.5% | +1.2% | -8.5% | |
| Q3 2024 | +14.4% | +8.5% | +20.0% | |
| Q2 2024 | +6.8% | +15.0% | -19.6% | |
| Q1 2024 | +3.5% | +12.7% | +42.8% | |
| Q4 2023 | +10.9% | -7.1% | -25.6% | |
| Q3 2023 | -35.2% | -28.0% | +0.6% | |
| Q2 2023 | +2.3% | +3.3% | -14.3% | |
| Q1 2023 | -0.9% | +3.6% | +2.5% | |
| Q4 2022 | -7.4% | -9.5% | -5.6% | |
| Q3 2022 | +3.5% | -5.0% | -7.6% | |
| Q2 2022 | -0.8% | +0.0% | -7.3% | |
| Q4 2021 | +1.5% | -0.1% | +6.6% | |
| Q2 2021 | +0.0% | — | — | |
| Q1 2021 | +0.4% | — | — | |
| Q4 2020 | -0.1% | — | — |
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