NuScale Power reported a $0.13 per share loss and $80,000 revenue, missing estimates as commercial projects remain pending.
NuScale Power (SMR) reported a quarterly loss of $0.13 per share, matching expectations, but revenue fell to $80,000, down 99% from the prior quarter and missing estimates by 93%. The company has no commercial projects underway despite a strong pipeline of potential customers.
Analysts had anticipated minimal revenue and profits, given the lack of near-term catalysts. The company’s long-term growth hinges on future project developments, with no major updates expected until later this year. Nuclear energy demand is rising due to climate concerns and increased power needs from AI technologies.
Shares remained largely unchanged following the earnings release, reflecting low market expectations for the quarter.