Company did not provide specific financial guidance for the current or future periods
Overview
US nuclear fuel technology developer's Q2 net loss widened yr/yr as R&D expenses rose
Company reported no revenue as fuel technology remains in development stage
Q2 expenses increased due to higher compensation, stock awards, and expanded R&D projects
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Loss
$5.80 mln
Result Drivers
R&D SPENDING - Q2 R&D expenses increased due to expanded project development, higher employee compensation, and additional work at Idaho National Laboratory
HIGHER ADMIN COSTS - Q2 general and administrative expenses rose due to increased employee compensation, new hires, bonuses, and stock-based awards
INTEREST INCOME - Higher average cash balances led to increased interest income, partially offsetting operating losses
LTBR•
