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NuScale Power (SMR)
NYSE:SMR
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Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.15Last Year’s EPS
-0.14Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 11, 2022
|% Change Since: -6.41%
|Next Earnings Date:Aug 10, 2022
Earnings Call Sentiment|Neutral
The earnings call reflects a positive outlook for NuScale, with strong advancements in international projects, increased interest from tech companies in nuclear energy, and improved financial discipline. However, challenges remain with significant revenue decline and ongoing net losses.Company Guidance
In the third quarter of 2024, NuScale reported a revenue of $0.5 million and a net loss of $45.5 million, which included a non-cash expense of $7.2 million related to the fair value of warrants. Compared to the same period last year, where the company had a revenue of $7 million and a net loss of $58.3 million, NuScale has successfully reduced its operating expenses by $52.7 million, bringing them down to $41.2 million from $93.9 million. The company's cash position improved, ending the quarter with $161.7 million in cash, cash equivalents, and short-term investments, with no debt. This improvement was attributed to strategic use of their ATM program and disciplined cost management. The company also reported an operating loss of $41 million, a reduction from the $92.9 million loss in the third quarter of 2023.International Expansion and Partnerships
NuScale has made significant advancements internationally, with partnerships in Ghana and progress on the RoPower project in Romania. These developments include a $20 million customer deposit related to RoPower and the authorization to proceed with Phase 2 front-end engineering design (FEED) work.
Increased Interest in Nuclear Energy
There is a growing demand for nuclear energy, especially from tech companies seeking carbon-free power for data centers. NuScale's small modular reactors (SMRs) are positioned as an attractive solution, with ongoing discussions with major tech firms.
Financial Position Improvement
NuScale's cash position improved to $161.7 million with no debt, driven by disciplined budgeting and cost optimization efforts. Operating expenses have been significantly reduced from $93.9 million to $41.2 million year-over-year.
Progress on SMR Technology
NuScale's SMR technology is leading in terms of regulatory approval and manufacturing readiness, with ongoing production activities by Doosan Enerbility.
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SMR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SMR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $21.67 | $24.49 | +13.01% |
| Aug 08, 2024 | $8.59 | $9.27 | +7.92% |
| May 09, 2024 | $5.86 | $6.28 | +7.17% |
| Mar 14, 2024 | $7.24 | $7.85 | +8.43% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does NuScale Power (SMR) report earnings?
NuScale Power (SMR) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is NuScale Power (SMR) earnings time?
NuScale Power (SMR) earnings time is at Mar 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SMR EPS forecast?
SMR EPS forecast for the fiscal quarter 2024 (Q4) is -0.15.
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