Lightbridge Provides Business Update and Announces First Quarter 2024 Financial Results
RESTON, Va., May 09, 2024 (GLOBE NEWSWIRE) -- Lightbridge Corporation (“Lightbridge”) (Nasdaq: LTBR), an advanced nuclear fuel technology company, announced its financial results for the first quarter ended March 31, 2024, and provided an update on the Company’s continued progress.
- RESTON, Va., May 09, 2024 (GLOBE NEWSWIRE) -- Lightbridge Corporation (“Lightbridge”) (Nasdaq: LTBR), an advanced nuclear fuel technology company, announced its financial results for the first quarter ended March 31, 2024, and provided an update on the Company’s continued progress.
- Cash provided by financing activities for the first quarter ended March 31, 2024 was $1.2 million, an increase of $0.5 million, compared to $0.7 million for the first quarter ended March 31, 2023.
- General and administrative expenses amounted to $2.2 million for the first quarter ended March 31, 2024, compared to $1.9 million for the first quarter ended March 31, 2023.
- Net loss was $2.8 million for the first quarter ended March 31, 2024, compared to $2.0 million for the first quarter ended March 31, 2023.