Lightbridge Q2 net loss widens on higher R&D expenses
Lightbridge Q2 net loss widens on higher R&D expenses
Overview
US nuclear fuel technology developer's Q2 net loss widened yr/yr as R&D expenses rose
Company reported no revenue as fuel technology remains in development stage
Q2 expenses increased due to higher compensation, stock awards, and expanded R&D projects
Outlook
Company did not provide specific financial guidance for the current or future periods
Result Drivers
R&D SPENDING - Q2 R&D expenses increased due to expanded project development, higher employee compensation, and additional work at Idaho National Laboratory
HIGHER ADMIN COSTS - Q2 general and administrative expenses rose due to increased employee compensation, new hires, bonuses, and stock-based awards
INTEREST INCOME - Higher average cash balances led to increased interest income, partially offsetting operating losses
Company press release: ID:nGNX8JHVw4
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Net Loss |
| $5.80 mln |
|
Reuters Recommended Reads
Aug 3 - BWX Technologies Q2 revenue growth slightly misses estimates
Aug 4 - PSEG Q2 adjusted EPS beats estimates on increased nuclear generation
Aug 4 - Duke Energy's profit beats as higher power demand offsets rising expenses
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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