Lightbridge Corporation, alongside its affiliated entities, specializes in the innovation and advancement of nuclear fuel technology, marketed under the "Lightbridge Fuel" brand. ...
Lightbridge Corporation is a publicly-traded company on NASDAQ under the symbol LTBR, headquartered in Reston, Virginia. The company specializes in innovative nuclear fuel technology, with its core product, Lightbridge Fuel™, designed for enhanced performance in both existing and future reactors. Developed to improve durability, safety, and cost-effectiveness, this technology aims ...Lightbridge Corporation is a publicly-traded company on NASDAQ under the symbol LTBR, headquartered in Reston, Virginia. The company specializes in innovative nuclear fuel technology, with its core product, Lightbridge Fuel™, designed for enhanced performance in both existing and future reactors. Developed to improve durability, safety, and cost-effectiveness, this technology aims to contribute to climate change mitigation by reducing emissions. Initially founded as Thorium Power, Ltd., it rebranded to Lightbridge Corporation in 2009. The company engages in research, development, and commercialization of its fuel, along with consulting services for nuclear energy projects. As a small enterprise with about 13 full-time employees, Lightbridge focuses on a niche market, but its potential impact is significant. In 2019, it secured 20 new patents and an additional 12, underscoring its commitment to innovation. Financially, the company has minimal operating revenue, with negative profit margins and cash flow, reflecting its early-stage development and heavy investment in R&D. Its high current ratio indicates strong liquidity, and its low employee count suggests a lean operational structure. CEO Seth Grae, a recognized leader in the nuclear industry, has been with the company since its formation in 2006. Lightbridge's strategic vision is to transform the nuclear power sector by providing a fuel that can increase reactor power output and extend fuel cycle length, potentially reducing operational costs and waste. The company collaborates with industry partners for testing and deployment, with a focus on long-term commercialization. Despite being loss-making, its strong intellectual property portfolio and strategic positioning make it a notable player in the nuclear energy technology space.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$0
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Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$-19.6M
-66.1%
+9.3%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
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Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
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Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
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Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$-14.3M
-50.4%
+26.2%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
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Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
0.0%
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Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
239.04x
+151.7%
-30.7%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Thank you for standing by, and welcome to the Lightbridge Corporation business update and second quarter 2020 conference call. Please note that today's call is being recorded. It is now my pleasure to introduce Matthew Abenante, of Investor Relations for Lightbridge Corporation.
Matthew Abenante: Thank you, Grace, and thank you all for joining us today. Our earnings press release was distributed yesterday and is available on the Investor Relations page of the Lightbridge website at www.ltbridge.com. Joining us on the call today is Seth Grae, chief executive officer along with Andrey Mushakov, executive vice president and chief operating officer. Scott Holcombe, senior vice president and chief technology officer Lawrence Goldman, chief financial officer and Lesli Mills, controller. I want to remind our listeners that any statements on this call that are not historical facts are forward looking statements. Today's presentation includes forward looking statements about the company's competitive position and product and service offer. During today's call, words such as expect, anticipate, believe, intend, will be used in our discussion of future goals and events. This presentation is based on current expectations and involves certain risks and uncertainties that may cause actual results to differ significantly from such. These and other risks are set forth in more detail in Lifebridge's filings with the Securities and Exchange Commission. Lightbridge does not assume any obligation to update or revise any such forward looking statement. Whether as a result of new developments or otherwise. And with that, I would like to turn the call over to our first speaker, Seth Grae, Chief Executive Officer of Lightbridge.
Operator: Hello, Seth. Please stand by. Thank you for standing by. 1 moment till we resume our call. Oh, no. They are going to call you. I am going to call you. Just stand by. Bye. Thank you for standing by. 1 moment as we resume.
Seth Grae: Hello?
Operator: Yeah.
Seth Grae: Hello?
Operator: Hi.
Seth Grae: This is Seth.
Operator: We hear you. This is Grace, the host. You can please proceed.
Seth Grae: I am sorry. We never had a problem like this before. These calls are live. So thank you for holding on through technical difficulties here. I appreciate it. And I will just start again. I will say thank you, Matthew. Thank you all for joining us to discuss Lightbridge's second quarter and first half 2020 business update. In May, the initial batch of our fuel material samples was removed from the advanced test reactor at Idaho National Laboratory. Those samples are cooling now, and we expect post irradiation examination to begin later this year. The examination will give us our first measured material property data under initial burn up conditions. Data generated from our own fuel samples, in the world's most powerful test reactor. That data will feed directly into the fuel performance models and the licensing documentation we will submit …