Lightbridge’s Third-Quarter Net Loss Doubles to $8.33 Million

Lightbridge Corporation (Nasdaq: LTBR) posted an unaudited net loss of $8.33 million for the third quarter, more than double its $4.10 million loss a year earlier, with no revenue for the period ended Sept. 30. The U.S. nuclear fuel developer’s first irradiated material samples are undergoing examination at Idaho National Laboratory as quarterly research and administrative costs increased. Loss per share widened to $0.23 from $0.16. Research and development expenses climbed to $5.30 million from $2.04 million, while general and administrative expenses rose to $5.04 million from $3.16 million. Lightbridge ended Sept.

Source: TokenPost