NUSCALE POWER Reports Q2 FY2023 Earnings Results on August 9
August 11, 2023
🌥️Earnings Overview
On August 9 2023, NUSCALE POWER ($NYSE:SMR) reported its earnings results for Q2 Fiscal Year 2023, ending June 30 2023. Compared to the same period in the prior year, total revenue had increased by 110.9%, reaching USD 5.8 million. Net income also rose from the previous year, with a total of USD -9.5 million compared to -10.4 million in FY2022.
Share Price
Upon the release of their reports, the stock opened at $6.9 and closed at the same price. Despite the reports, there was a minimal change from the company’s last closing price of $6.9. Their focus on innovation and sustainability has enabled them to remain a leader in the industry and create a positive impact on the environment.
Their latest earnings reports have shed light on their continued commitment to a cleaner future and their progress in providing such innovative solutions. Investors will be keeping an eye on their continued success and progress in the coming quarters. Live Quote…
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 |
| 17.91 | -43.81 | -312.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Nuscale Power. More…
| Operations | Investing | Financing |
| -166.92 | -2.37 | 33.07 |
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 |
| 309.46 | 85.26 | 1.5 |
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% | – | -1658.0% |
| FCF Margin | ROE | ROA |
| -945.3% | -90.0% | -60.0% |
Analysis
GoodWhale’s analysis of NUSCALE POWER‘s fundamentals reveals a 4/10 intermediate health score with regard to its cashflows and debt. This is an indication that the company is likely to sustain future operations in times of crisis. In terms of star chart, NUSCALE POWER is strong in asset and growth, but weak in dividend and profitability. Based on these findings, we have classified NUSCALE POWER as a ‘cheetah’, a type of company that achieves high revenue or earnings growth but is considered less stable due to lower profitability. Investors who are looking for high growth potential may be interested in such companies. More…
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‘s second quarter of FY2023 saw a strong revenue performance, with a 110.9% year-on-year increase to USD 5.8 million. Net income was also up from the previous year, from -10.4 million to -9.5 million. This paints a positive picture of the company’s financial situation, which could prove attractive for investors. Looking further ahead, investors should closely monitor NUSCALE POWER’s performance in the coming quarters and consider any future developments in order to make an informed decision on whether to invest in the company.
