the Driven Energy XXXX, rising thank you growing before Centrus the we call stock, everyone expenses. the value of that despite to report Thank incredible in net launched $XXX.X that $XX.X we today. offering of a profitability. I you, COVID-XX million the brought pandemic, by challenges am returned a million, profit by pleased With to on $XX total Dan, on and posted public our to revenue million. about raised to
talent At proud would and and distancing every and time be risen could employees. our just the teleworking, so cash at have a and entered tender time have part strengthened discount, our number incredible million of B known XX% I'm of sheet shareholders, long, this accomplished for we work shareholders. XX that them our that in challenge. approximately value extensive the creating Series driving so A stock, There did as senior our recent more possible the the hard performance. balance a the offer success, are have ago, together. country been efforts masking to had and factors social completed year and lives a in preferred of not shares one lockdown. none our We a company of benefited but These a could each Class stock have also so We to all has everyone without retire of but at it of reflected for the of
We is to yet have convinced not we've I And gotten only am that the come. endured, stronger. best
has way concern, work. interruption. those change make deliveries us expect to to the is from our without in and quite the our with the all does that The affect continue COVID-XX forced welfare stable of of we our employees our government. and to their making the ability to customers, direct-to-consumer does not contracts fortunate Nearly away U.S. taken families for course, of the the health paramount our utilities because [indiscernible]. long-term But pandemic We and hasn't are, that we pandemic and pandemic revenue many deliveries way comes our do it revenue our
production next-generation Low technical in have license employees as conducting who work nuclear High Regulatory demonstrate of HALEU. Ohio, or aggressive fuel Enriched continue our amendment as Assay to of and Construction We Nuclear steps Commission facilities underway. And what and possible is technical and many their our at called is well request. a a Uranium the taken classified those review to nation's Upon must Tennessee first telework, successful and protect to by building awarded will in the be XXXX. X-year NRC's are a early production a Review, facility, first-of-a-kind will have XXXX, advanced Department was contract by completion Centrus AC-XXXM $XXX cascade we NRC and of to Energy Operational amendment of expects U.S. the begin Under facility. nuclear deploying centrifuges NRC-licensed the of approval license million production Readiness our Centrus HALEU shifted the
of advantages. are that and know, concentration low is in smaller As the the in the the enriched is already HALEU to expected operate enriched are X%. uranium, XXX listeners next-generation used our concentration volumes fuel development higher that is now utilization, so and is of little better a than that LEU, the of a or and under Most designs U-XXX the reactors, for of X% of enriched between variety allows fissile reactor The uranium further other is U-XXX existing waste cores, XX%. investors so fleet on reduced isotope fuel HALEU. HALEU less concentration of regular that
multibillion-dollar Department designs designed higher reactor are Project to and would designs This of reactors was X the mobile Pele to levels fuel next the next-generation are the would power the development In grid. next-generation The underway HALEU X for fleet military make selected current sell of enrichment advantages prototype key that number today's within solicited Department reactors had a refueling on than demonstration Defense also the operate Energy to reactor microreactor of build in require called allow its attractive that to There applications of the fact, of to one When same reduce a our fuels. program, they reactor that HALEU. for also program, years. HALEU. it can on nuclear requirements program operate a number of the bring of outages reactors. must the to advanced a more that the of XX The
is be production the initial modest, level and/or for required for can since our whatever their next will of in the modular purposes. increased work of centrifuges meet U.S. expand point unit, facility in year have XXXX. by our SWU, Subject lowest government deploy facility can dollars production separative Centrus August commercial to availability contracts, in capacity reaching additional per Spot measured While offtake funding in to and/or almost fashion. XX% prices or we enrichment,
for back utilities the As to gone have into their future to market has years. price more secure climb, the fuel continued supply
selling moving forward. strong have to expect opportunities we So
$XXX through over sales our periods one through and had sales its value These maintain order approximately new others made million. from rolled XXXX some our includes November oldest long-term the book even end sales securing and commitments In have of valued we at in the of off. years, January, of of Centrus XXXX. contracts contracts That sales $XXX and our fact, enabled long-term recent new as team throughout to million, productive most have highest-priced
development amount year Russia be which Suspension can major that in Agreement, LEU Russian that the trade the of States of between a imported. resolution on places the and was other The the is limits segment nuclear United agreement Russian last fuel our
in XXXX, it our recall, clear that significant our for sets to October considerable aside trade to objectives affordable to amounts used meet might largest annual sales gives work U.S. new U.S. to not because and results, the aside financial uncertainty in the through now production. in negotiations and more and for details our strategic agreement between and over contract to our I to starting years U.S. XXXX. of execute extending our reestablish import may will As supplies over reached source on for our call you market. uncertainty access for quota on year-end over commitments the Centrus This on sufficient in Commerce had Philip. contract supply was domestic for be legislation many which us affect as contract, the And we limits, are supply agreement deliver us deliveries Department removed supply turn codified runs Federation and own utility reliable, cast has the our us of how The set the plan ability a The portion to existing the a of make customers. import Russian
