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Lightbridge Corp. (LTBR)
NASDAQ:LTBR
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Lightbridge
(NASDAQ:LTBR)
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Rating:39Underperform
Price Target:―
Lightbridge's overall stock score is primarily hindered by its financial performance, with persistent net losses and an inability to generate revenue. Strategic advancements and partnerships offer potential growth opportunities, but financial challenges and mixed technical indicators contribute to a cautious outlook.
Lightbridge (LTBR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$611.43M
Dividend YieldN/A
Average Volume (3M)1.96M
Price to Earnings (P/E)―
Beta (1Y)1.81
Revenue GrowthN/A
EPS Growth-19.14%
CountryUS
Employees10
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-0.16
Shares Outstanding29,840,214
10 Day Avg. Volume3,391,490
30 Day Avg. Volume1,956,458
Financial Highlights & Ratios
PEG Ratio-0.24
Price to Book (P/B)1.69
Price to Sales (P/S)0.00
P/FCF Ratio-7.22
Enterprise Value/Market Cap0.33
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/Ebitda-12.41
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Lightbridge Business Overview & Revenue Model
Company DescriptionLightbridge Corporation, together with its subsidiaries, engages in the design and development of nuclear fuel technology under the Lightbridge Fuel name. It focuses on developing and commercializing metallic nuclear fuels that could enhance resistance of nuclear fuel in existing and new nuclear reactors with a meaningful impact on addressing climate change and air pollution. The company was formerly known as Thorium Power, Ltd. and changed its name to Lightbridge Corporation in September 2009. Lightbridge Corporation is headquartered in Reston, Virginia.
How the Company Makes MoneyLightbridge makes money primarily through the development and commercialization of its proprietary nuclear fuel technology. The company's revenue model is centered around licensing its advanced nuclear fuel designs to nuclear utilities and reactor operators. These partnerships allow Lightbridge to generate revenue through licensing fees and royalties based on the usage of their fuel technology in commercial nuclear reactors. Additionally, the company may engage in collaborative research and development agreements with government agencies or other industry stakeholders, which can provide additional funding and partnership opportunities. Lightbridge's growth and financial performance are heavily reliant on the successful adoption of its technology by the nuclear power industry, as well as regulatory approvals and support from governments and international bodies promoting nuclear energy solutions.
Lightbridge Earnings Call Summary
Earnings Call Date:Aug 11, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Nov 11, 2025
Earnings Call Sentiment Positive
Lightbridge achieved significant operational milestones and strengthened its financial position, supported by a favorable political environment and strategic collaborations. However, the increased net loss and higher R&D and G&A expenses present challenges.Q2-2025 Updates
Positive Updates
Significant Operational Milestones
Lightbridge achieved several milestones at Idaho National Laboratory, including co-extrusion of an 8-foot rod using depleted uranium-zirconium alloy, completion of the final review for irradiation testing, and successful fabrication of enriched uranium-zirconium alloy samples.
Strategic Collaboration with Oklo
Lightbridge entered into an agreement with Oklo for potential colocation of Lightbridge Fuel fabrication facility within Oklo's advanced fuel manufacturing facility, enhancing synergies and reducing costs.
Inclusion in Russell Indexes
Lightbridge's inclusion in the Russell 2000 and Russell 3000 indexes marks an important recognition of its market presence and provides enhanced visibility among institutional investors.
Supportive Political Environment
Executive orders by the White House to prioritize nuclear energy deployment align with Lightbridge's capabilities, creating substantial market opportunities.
Strong Financial Position
Lightbridge's cash and cash equivalents totaled $97.9 million at the end of the second quarter, up from $40 million at the end of 2024, significantly strengthening its financial position.
Negative Updates
Increased Net Loss
Net loss for the second quarter was $3.5 million, up from $2.4 million in the same quarter of 2024, primarily due to increased R&D and G&A expenses.
R&D and G&A Expenses Increase
R&D expenses increased by $0.7 million to $1.6 million, and G&A expenses increased by $0.7 million to $2.5 million compared to the previous year, driven by higher project labor costs and professional fees.
Company Guidance
During the Lightbridge Corporation's second quarter 2025 conference call, several key metrics and milestones were discussed, highlighting the company's progress and financial standing. The call detailed the co-extrusion of an 8-foot rod using depleted uranium-zirconium alloy and the successful fabrication of enriched uranium-zirconium alloy samples at Idaho National Laboratory, marking significant advancements in their nuclear fuel development. Financially, Lightbridge reported a robust cash position with $97.9 million in cash and cash equivalents at the end of the second quarter, compared to $40 million at the end of 2024, and an increased working capital of $97.2 million. The company also saw a rise in R&D expenses to $1.6 million, up from $0.9 million in the same quarter the previous year, attributed to intensified development activities. Despite a net loss of $3.5 million for the quarter, up from $2.4 million in the prior year, the company remains optimistic due to supportive policy shifts, including President Trump's executive orders on nuclear energy, and strategic partnerships like the one with Oklo for fuel facility colocation and recycling initiatives.Lightbridge Financial Statement Overview
Summary
Lightbridge faces significant financial hurdles, primarily due to its inability to generate revenue and consistent net losses. The strong equity position and absence of debt offer some stability, but the reliance on financing to support cash flows underscores ongoing financial challenges.Income Statement
Lightbridge has consistently generated zero revenue over the analyzed periods, with persistent net losses indicating an inability to attain profitability. The absence of revenue growth and negative EBIT and EBITDA margins further highlight financial struggles.5
Very Negative
Balance Sheet
The company maintains a strong equity position with zero debt, reflected in a high equity ratio. However, the lack of revenue and profitability limits the overall appeal of the balance sheet despite the solid equity base.45
Neutral
Cash Flow
Lightbridge exhibits negative operating and free cash flow, indicating challenges in generating cash from operations. While financing activities provide cash inflow, the dependence on external financing is a potential concern.30
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -100.00K |
| EBITDA | -16.09M | -11.79M | -7.91M | -7.79M | -7.90M | -14.32M |
| Net Income | -14.88M | -11.79M | -7.91M | -7.50M | -7.84M | -14.42M |
Balance Sheet | ||||||
| Total Assets | 98.97M | 40.95M | 29.40M | 29.47M | 24.96M | 21.79M |
| Cash, Cash Equivalents and Short-Term Investments | 97.90M | 39.99M | 28.60M | 28.90M | 24.75M | 21.53M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.19M | 424.58K | 486.33K | 350.33K | 171.52K | 4.58M |
| Stockholders Equity | 97.77M | 40.53M | 28.91M | 29.12M | 24.79M | 17.21M |
Cash Flow | ||||||
| Free Cash Flow | -11.38M | -9.49M | -6.49M | -6.77M | -11.05M | -8.78M |
| Operating Cash Flow | -11.37M | -9.49M | -6.48M | -6.76M | -11.04M | -8.57M |
| Investing Cash Flow | -6.12K | 0.00 | -640.00 | -6.64K | -16.02K | -210.44K |
| Financing Cash Flow | 82.21M | 20.89M | 6.18M | 10.92M | 14.27M | 12.35M |
Lightbridge Technical Analysis
Positive
20.93
Price Trends
15.86
Positive
14.58
Positive
11.40
Positive
Market Momentum
1.75
Negative
62.92
Neutral
66.88
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LTBR, the sentiment is Positive. The current price of 20.93 is above the 20-day moving average (MA) of 17.48, above the 50-day MA of 15.86, and above the 200-day MA of 11.40, indicating a bullish trend. The MACD of 1.75 indicates Negative momentum. The RSI at 62.92 is Neutral, neither overbought nor oversold. The STOCH value of 66.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for LTBR.
Lightbridge Risk Analysis
Lightbridge disclosed 2 risk factors in its most recent earnings report. Lightbridge reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
Lightbridge Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
58 Neutral | $672.57M | -7.47 | -25.23% | ― | 14.82% | -19.27% | |
50 Neutral | $120.42M | -3.00 | -641.62% | ― | 5.71% | 7.97% | |
48 Neutral | $196.46M | -2.67 | -54.38% | ― | -14.27% | -28.56% | |
48 Neutral | $327.59M | -1.55 | 125.73% | ― | -10.79% | 26.22% | |
40 Underperform | $402.99M | -0.76 | ― | ― | ― | -385.19% | |
39 Underperform | $611.43M | ― | -23.85% | ― | ― | -19.14% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.