Centrus Boosted Revenue, Cut Losses in 2019, but Virus Obscures Path to Profit

摘要

Centrus Energy Corp. closed out 2019 by boosting revenues and trimming its losses from the prior year, but managementsaid the COVID-19 pandemic has for now dimmed the company’s hopes of returning to profitability in 2020.On Wednesday, the Bethesda, Md.-based uranium-fuel broker and centrifuge developer reported a 2019 net loss of about$16.5 million, an improvement over its $105 million loss in 2018. Revenue rose to nearly $210 million from less than $195million on a year-over-year basis, according to a company press release.However, Centrus suspended its earnings guidance for 2020, citing unpredictability in the foreseeable future due tocatastrophic economic fallout from the COVID-19 viral pandemic. In its 10-K filing with the Securities and ExchangeCommission, Centrus said the global uranium supply chain could be “disrupted by quarantines, slowdowns or shutdowns,border closings, and travel restrictions resulting from the global COVID-19.”