Core Highlights: - No revenue as the company is pre-revenue stage
- Cash position strengthened significantly to $288.5 million after the SPAC merger in May 2024
- Operating expenses of $37.4 million for 9 months, mainly R&D and G&A costs
Revenue Breakdown: - No revenue yet as the Aurora powerhouse product line is still being developed
- Plans to commercialize liquid metal fast reactor technology, with first 15-50 MWe Aurora plant targeted for 2027 deployment
Management Outlook: - Expects cash runway to fund operations for at least 12 months based on current cash
- Key milestones include securing site permit, fuel award for Idaho plant
- Focused on developing and deploying first commercial advanced fission power plant
Operating Data: - Operating expenses of $37.4M for 9 months, $24.9M cash used in operations
- Raised $10.2M from SAFEs, $25M right of first refusal liability recorded
- Under current loss rate, cash can support operations for over 7 quarters
Operational Risks: - Pursuing emerging market with no operating commercial project yet
- Faces regulatory uncertainties, needs financing to construct plants
- Risks from competition, market conditions, proposed Atomic Alchemy acquisition
Original Filing
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