X-Energy Reports Q3 Revenue Beat Amid Earnings Miss
X-Energy, Inc. (XE) reported mixed financial results for the third quarter, characterized by a significant surge in revenue alongside an earnings miss. The company achieved revenue of $66.3 million, representing a 118.1% increase year-over-year and exceeding analyst expectations by $6.19 million. However, the company's non-GAAP earnings per share (EPS) came in at -$0.14, missing consensus estimates by $0.02. Despite the bottom-line miss, the company continues to advance its Small Modular Reactor (SMR) projects, recently securing a construction permit for a nuclear-powered industrial site.
Topics: earnings miss nuclear energy revenue beat small modular reactors SMR