Successful Enrichment of Ytterbium-176
The company successfully enriched Ytterbium-176, marking a significant milestone. They have started enriching for commercial samples, indicating progress in their technological capabilities.
Pet Labs Revenue and Growth
Pet Labs reported $4 million in revenue last year and is expected to grow nicely this year due to heavy investment in the business.
Expansion Plans and New Facilities
The company plans to construct Nickel-64, Gadolinium-160, and Lithium-6 plants. They anticipate the first plant coming into action later this year, depending on government permits.
Strong Cash Position
The company ended the year with a strong cash position, enough to cover four years of free cash flow operating expenses.
Increased Headcount
The company's headcount increased from 130 to 150, with plans to selectively add more staff in key areas.