share_log

NANO Nuclear Energy | 10-Q: Q1 2025 Earnings Report

SEC ·  Feb 13 22:09

Summary by Moomoo AI

NANO Nuclear Energy reported financial results for Q4 2024, with cash and cash equivalents of $123.3 million as of December 31, 2024, compared to $28.5 million at September 30, 2024. The company recorded a net loss of $3.1 million for the quarter, with research and development expenses increasing 74% YoY to $0.9 million. General and administrative expenses rose 201% YoY to $2.5 million due to expanded operations.The company made significant progress in its nuclear technology development, including closing the $8.5 million acquisition of KRONOS MMR and LOKI MMR reactor systems from Ultra Safe Nuclear Corporation. NANO also expanded its infrastructure by purchasing a 14,000 sq. ft. facility in Oak Ridge, Tennessee for $1.7 million to serve as its Nuclear Technology Headquarters, and secured a demonstration facility in Westchester County, New York.During the quarter, NANO...Show More
NANO Nuclear Energy reported financial results for Q4 2024, with cash and cash equivalents of $123.3 million as of December 31, 2024, compared to $28.5 million at September 30, 2024. The company recorded a net loss of $3.1 million for the quarter, with research and development expenses increasing 74% YoY to $0.9 million. General and administrative expenses rose 201% YoY to $2.5 million due to expanded operations.The company made significant progress in its nuclear technology development, including closing the $8.5 million acquisition of KRONOS MMR and LOKI MMR reactor systems from Ultra Safe Nuclear Corporation. NANO also expanded its infrastructure by purchasing a 14,000 sq. ft. facility in Oak Ridge, Tennessee for $1.7 million to serve as its Nuclear Technology Headquarters, and secured a demonstration facility in Westchester County, New York.During the quarter, NANO strengthened its financial position through multiple successful capital raises, including net proceeds of approximately $92.3 million from its October 2024 follow-on offering and November 2024 private placement. The company continues to advance its microreactor development programs, with commercial launch targeted for 2030-2031, while building out its fuel processing and transportation capabilities through strategic partnerships and investments.

This announcement is a separate document:

Doc 1

Doc 2

Doc 3

Doc 4

Doc 5

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
Comment Comment · Views 4717

Recommended

Related Stocks Related Stocks
Symbol Mini Chart Price
Richtech Robotics
RR
1.720
Li Bang International
LBGJ
1.550
Ballard Power Systems Inc
BLDP
1.280
Nuburu
BURU
0.2270
SCHMID Group
SHMD
2.680
Log In for the Full List
Reassessing Chinese Assets
Following the introduction of China's groundbreaking DeepSeek technology, Wall Street giants have revised their investment outlooks for the Chinese market.
Discussing
FOMC leaves rates unchanged, how will you adjust your portfolio?
FOMC left the target Federal Funds rate unchanged at at target of 4.25%-4.5%, how will you adjust your portfolio? Show More
The Fed paused rate cuts in January, what's your take?
65%
35%
Long
Short
733 votes
FOMC Press Conference, January 29, 2025