Oklo Inc. reported a first-quarter net loss of $33.1 million. The loss of $0.19 per share was wider than analyst estimates. The pre-commercial startup generated no revenue as it accelerated spending on research, reactor development, and hiring.
The company holds approximately $2.54 billion in cash and marketable securities to fund its operations. Oklo shares fell as investors evaluated the company's cash burn relative to its long-term nuclear energy prospects.
The investment thesis remains focused on growing energy demand from artificial intelligence and data centers. Recent regulatory milestones include securing a site-use permit from the U.S. Department of Energy.