By Sabela Ojea
Nuscale Power said revenue surged in the fourth quarter, ending the period in a significantly improved cash position.
The provider of proprietary and innovative advanced small modular reactor nuclear technology on Monday posted a net loss of $180.3 million compared with a loss of $56.4 million for the same period a year earlier.
Revenue rose to $34.2 million from $4.6 million a year earlier.
NuScale closed the fourth quarter with cash, cash equivalents and short-term investments of $446.7 million, up from $161.7 million at the end of the third quarter.
Nuscale Power's topline performance came after the company said it was uniquely positioned for growing demand for uninterrupted energy.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
March 03, 2025 17:47 ET (22:47 GMT)
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