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FOR IMMEDIATE RELEASE : May 11 , 2021 Centrus Reports First Quarter 2021 Results • Net income of $ 5.1 million on $ 55.6 million in revenue • Consolidated cash balance of $ 163.3 million as of March 31 , 2021 EXHIBIT 99.1 • Construction on track to begin demonstrating HALEU production early next year BETHESDA , Md . – Centrus Energy Corp. ( NYSE American : LEU ) today reported net income of $ 5.1 million for the quarter ended March 31 , 2021 , compared to a net income of $ 11.3 million for the first quarter of 2020. The net loss allocable to common stockholders of $ 2.2 million , or $ 0.17 ( basic and diluted ) per common share under GAAP was the result of an exchange of common for preferred shares . Without giving effect to the exchange , on a non - GAAP basis the adjusted net income per share was $ 0.34 ( basic ) and $ 0.33 ( diluted ) ( see Non - GAAP description and reconciliation table below ) . " As I noted in our annual shareholder letter , Centrus continues to make progress , building on our return to profitability in 2020 . With new sales commitments and the continued progress on the HALEU program , we're in a good position moving forward , " said Dan Poneman , Centrus president and chief executive officer . “ We are focusing every day on our customers ' needs for the future , while continuing the hard work we've done in recent years to reduce our debt and lower our cost structure . We are also encouraged that the new Administration has recognized the important role that zero - carbon nuclear power can play in the transition to a clean energy future . " Financial Results Centrus generated total revenue of $ 55.6 million for the first quarter of 2021 , an increase of $ 10.6 million , or 24 % , from the prior year period . Our order book increased from $ 969 million as of March 31 , 2020 , to $ 989 million as of March 31 , 2021 , including approximately $ 300 million in deferred revenue and advances from customers in each case . Revenue from the LEU segment increased $ 7.4 million in the three months ended March 31 , 2021 , compared to the corresponding period in 2020 resulting primarily from increased volume . The average price per SWU decreased 17 % in the three - month period compared to 2020 , reflecting the particular contracts under which SWU were sold during the periods . There were no uranium sales in either period . Cost of sales for the LEU segment increased $ 12.1 million in the three months ended March 31 , 2021 , compared to the corresponding period in 2020 primarily due to increased volume . Cost of sales includes $ 15.9 million of previously deferred costs from Deferred Costs Associated with Deferred Revenue that reflect higher inventory costs from previous years . Cost of sales also