NUSCALE POWER Reports 119.2% Increase in Total Revenue for Q3 FY2023
November 21, 2023
☀️Earnings Overview
On September 30 2023, NUSCALE POWER ($NYSE:SMR) announced their earnings results for the third quarter of FY2023, which showed a total revenue of USD 7.0 million, 119.2% higher than the same period in the previous year. Net income was USD -19.1 million compared to a loss of -10.7 million in the same quarter FY2022.
Analysis
GoodWhale has conducted an analysis of NUSCALE POWER‘s financials, concluding that the company is classified as a ‘cheetah’ type of company. This means that the company has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Investors who may be interested in such a company are those who are looking for high growth potential while being willing to take on a certain level of risk. NUSCALE POWER has a health score of 4/10 considering its cashflows and debt, which suggests that it has the potential to safely ride out any crisis without the risk of bankruptcy. However, while NUSCALE POWER is strong when it comes to growth, it is medium in asset and weak in dividend and profitability, thus investors should take this into account when considering investing in the company. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Nuscale Power. More…
| Total Revenues | Net Income | Net Margin |
| 21.69 | -52.22 | -360.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Nuscale Power. More…
| Operations | Investing | Financing |
| -153.92 | 47.74 | 15.31 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Nuscale Power. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 308.53 | 128.88 | 1.39 |
Key Ratios Snapshot
Some of the financial key ratios for Nuscale Power are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 216.3% | – | -1253.7% |
| FCF Margin | ROE | ROA |
| -720.1% | -157.4% | -55.1% |
Peers
The company’s small modular reactors are based on a unique reactor design that is scalable and can be used in multiple applications. NuScale’s reactors are safe, economic, and clean energy solutions that can be used in a variety of settings, including power generation, desalination, and process heat. NuScale Power Corp is in competition with Vinacomin – Power Holding Corp, Ocean Thermal Energy Corp, and Hengsheng Energy Co Ltd. All of these companies are working to develop and commercialize small modular nuclear reactor technology. NuScale Power Corp has the advantage of being the first company to receive design certification from the US Nuclear Regulatory Commission for its small modular reactors.
– Vinacomin – Power Holding Corp ($HNX:DTK)
Ocean Thermal Energy Corp’s market cap of 2.01M as of 2022, a Return on Equity of 6.05%. The company is focused on the development and commercialization of ocean thermal energy conversion (OTEC) technology. OTEC is a renewable energy technology that converts the thermal energy of the ocean’s warm surface waters into electricity.
– Ocean Thermal Energy Corp ($OTCPK:CPWR)
Hengsheng Energy Co Ltd is a Chinese energy company with a market cap of 2.36B as of 2022. The company’s Return on Equity is 13.12%. Hengsheng Energy Co Ltd is engaged in the upstream oil and gas exploration and production business. The company has operations in the Bohai Bay region of China.
Summary
NUSCALE POWER reported strong revenue growth for the third quarter of its FY2023, with total revenues of USD 7.0 million, a 119.2% year-over-year increase. Despite the impressive growth, net income was still negative at USD -19.1 million, up from -10.7 million in the same period last year. Despite the strong revenue growth, the stock price declined on the same day, leaving investors uncertain about the company’s future prospects. As such, investors may want to closely monitor the company’s earnings and financial performance going forward to determine if the strong revenue growth is sustainable.
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