NuScale Power Corporation released its Q3 2024 financial results, highlighting key financial and operational updates. The company's property, plant, and equipment net value decreased to $2.76 million as of September 30, 2024, from $4.12 million at the end of 2023. Depreciation expenses for Q3 2024 were $394,000, down from $641,000 in Q3 2023.NuScale entered a fixed price contract with variable consideration in Q3, receiving an upfront nonrefundable fee. The company renegotiated a contract with a long-lead material manufacturing vendor in May 2024, resulting in a $23.21 million noncurrent accounts payable balance as of September 30, 2024. The company maintained a full valuation allowance against deferred tax assets at NuScale Corp as of Q3 2024.The company granted 2.91 million employee share options and 4.60 million RSUs during the first nine months of 2024. Total equity-based compensation expense for Q3 2024 was $3.95 million, slightly down from $4.01 million in Q3 2023. NuScale is facing legal challenges, including a class action lawsuit by former NuScale LLC members and shareholder class action lawsuits alleging false and misleading statements. The company does not believe these legal matters will materially affect its financial position.

NuScale Power Corporation released its Q3 2024 financial results, highlighting key financial and operational updates. The company's property, plant, and equipment net value decreased to $2.76 million as of September 30, 2024, from $4.12 million at the end of 2023. Depreciation expenses for Q3 2024 were $394,000, down from $641,000 in Q3 2023.NuScale entered a fixed price contract with variable consideration in Q3, receiving an upfront nonrefundable fee. The company renegotiated a contract with a long-lead material manufacturing vendor in May 2024, resulting in a $23.21 million noncurrent accounts payable balance as of September 30, 2024. The company maintained a full valuation allowance against deferred tax assets at NuScale Corp as of Q3 2024.The company granted 2.91 million employee share options and 4.60 million RSUs during the first nine months of 2024. Total equity-based compensation expense for Q3 2024 was $3.95 million, slightly down from $4.01 million in Q3 2023. NuScale is facing legal challenges, including a class action lawsuit by former NuScale LLC members and shareholder class action lawsuits alleging false and misleading statements. The company does not believe these legal matters will materially affect its financial position.