25 Mar '16, 7pm

A Light At The End Of The Bridge For Lightbridge?

A Light At The End Of The Bridge For Lightbridge?

Earlier this week nuclear fuel technology developer, Lightbridge Corporation (LTBR : Nasdaq), reported year-end 2015 financial results and provided an update on recent accomplishments. Not unexpectedly, Lightbridge reported a net loss of $4.3 million or $0.24 per share for the year. During the year the company scraped together $900,000 in revenue from consulting services, an effort to leverage the expertise of its scientists and engineers as they continue work on new fuel technologies. The contribution margin of the consulting work was $216,239 - not nearly enough to cover administrative spending or the costs of research and development on the company’s innovative nuclear fuel rod. Fortunately, a good share of expenses were paid with stock and thus Lightbridge only needed $3.7 million in cash to support operations, most of which came from the corporate bank account balance...

Full article: http://www.altenergystocks.com/archives/2016/03/a_light_a...

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