NYSE$SMR

NuScale Power Corporation · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

NuScale Power made progress toward commercializing SMR technology and announced a new project with ENTRA1, but experienced a net loss.

NuScale Power reported increased revenue and a larger net loss compared to the same period in 2022. The company announced a new project with ENTRA1 and terminated the Carbon Free Power Project with Utah Associated Municipal Power Systems.

  • Selected by Standard Power to provide SMR technology for two advanced nuclear energy facilities
  • Mutually agreed to terminate the Carbon Free Power Project (CFPP)
  • Received approval for Licensing Basis Document in support of the RoPower project
  • Continued to progress on Standard Design Approval application

Headline financials

Total Revenue

$6.95M

Previous: $3.17M+119.1%
EPS (adj)

-$0.26

Previous: -$0.19-36.8%
Capital Expenditures

-$1.67M

Previous: -$1.74M+4.0%
Free Cash Flow

-$20.8M

Previous: -$12.5M-67.0%
Net Income

-$19.1M

Previous: -$10.7M-78.6%
Operating Income

-$92.9M

Previous: -$66.1M-40.6%
Gross Profit

$1.01M

Previous: $1.42M-29.0%
Cash & Equivalents

$197M

Previous: $269M-26.8%
Total Assets

$309M

Previous: $404M-23.7%
R&D Expense

$63.7M

No prior period
Stock-Based Comp

$4.01M

Previous: $3.59M+11.8%

Revenue & EPS history

NuScale Power · Revenue · Quarterly

$6.95M

Q3 2023+119.1%vs Q3 2022
Beat estimate in 3 of 13 quarters(23%)
ActualEstimate

Forward guidance

No forward guidance was provided in the document.

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 Q3 2023

Historical avgQ3 2023

+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

Earnings price reactions
QuarterReport dateReaction (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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