🔴 X-Energy is trading 4.29% down today after larger-than-expected adjusted loss

X-Energy is trading 4.29% down at $21.75 after investors weighed its August 13 earnings results.

• Revenue and grant income surged 154% year over year to $54.6 million.
• The company reported a larger-than-expected adjusted loss of $0.15 per share, while operating expenses rose 156%.
• Shares initially rose 2% after the release, suggesting Friday’s decline reflects profit-taking and renewed focus on losses and spending.