NuScale Power Corp. (NYSE:SMR) shares slipped in Thursday's extended trading after the company released its fourth-quarter earnings report.
Here's a look at the details from the report
The Details: NuScale Power reported quarterly losses of eight cents per share, which beat the consensus estimate for losses of 13 cents, according to Benzinga Pro data. Quarterly revenue came in at $1.81 million.
NuScale reported the following full-year figures:
- NuScale reported revenue of $31.5 million for the year, compared to $37 million for the previous year. This decrease was primarily due to a reduction in revenue recognized from the RoPower technology license agreement executed in 2024.
- NuScale reported cost of sales of $20 million for the year, compared to $4.9 million for the previous year. This increase was primarily due to the engineering services required by Fluor under their FEED Phase 2 contract with RoPower. The licensing revenue earned under the technology license agreement has no cost of sales.
“For NuScale, 2025 was a breakthrough year, in which we further solidified our position as the SMR industry’s first mover,” said John Hopkins, NuScale CEO.
SMR Stock Price: According to data from Benzinga Pro, NuScale stock fell 3.23% to $12.90 in Thursday's extended trading.
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