• Working Capital: $26.4 million at June 30, 2024, versus $28.3 million at December 31, 2023.

• Total Assets: $28 million at June 30, 2024.

• Total Liabilities: $0.9 million at June 30, 2024.

• Cash and Cash Equivalents: $27.1 million at June 30, 2024, compared to $26.8 million at December 31, 2023.

• Cash Used in Operating Activities: $3.7 million for the six months ended June 30, 2024, an increase from $3 million for the same period in 2023.

• Cash Provided by Financing Activities: $2.2 million for the six months ended June 30, 2024, compared to $2.3 million for the same period in 2023.

• Net Loss: $2.4 million for the second quarter ended June 30, 2024, compared to $1.7 million for the second quarter ended June 30, 2023.

• R&D Expenses: $0.9 million for the second quarter of 2024, compared to $0.4 million for the same period in 2023.

• Projected R&D Spend: Approximately $8.3 million over the next 12 to 15 months.

• G&A Expenses: $1.8 million for the second quarter of 2024, compared to $1.6 million for the same period in 2023.

• Other Income: $0.3 million for the second quarter of 2024, unchanged from the same period in 2023.

• Warning! GuruFocus has detected 1 Warning Sign with LTBR.

Release Date: August 01, 2024

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

• Lightbridge Corp (NASDAQ:LTBR) is making significant progress in its fuel development programs, including successful demonstrations at Idaho National Laboratory.

• The company is collaborating with prestigious institutions like MIT and Texas A&M University to expand the applications of its fuel technology.

• The recent passage of the ADVANCE Act is expected to streamline the Nuclear Regulatory Commission's review process, benefiting Lightbridge's advanced nuclear fuel technologies.

• Lightbridge Corp (NASDAQ:LTBR) has a strong financial position with $27.1 million in cash and cash equivalents, providing ample working capital for near-term fuel development.

• The global commitment to triple nuclear capacity by 2050 and the growing demand for nuclear energy position Lightbridge Corp (NASDAQ:LTBR) well for future growth.

Negative Points

• Lightbridge Corp (NASDAQ:LTBR) reported a net loss of $2.4 million for the second quarter of 2024, an increase from the previous year.

• Research and development expenses increased significantly, reflecting higher project labor costs and outside R&D expenses.

• The company experienced a decrease in cash provided by financing activities compared to the same period in the previous year.

• There is uncertainty regarding the timeline for achieving key milestones, such as the completion of feasibility studies and engineering designs.

• The commercialization of Lightbridge Fuel is still in the early stages, with extensive testing and regulatory approvals required before market deployment.