Oklo Reports FY24 Earnings: 'Growing' Customer Pipeline, New Board Members, Shares Slide

Oklo Inc (NYSE:OKLO) reported 2024 financial results after the market close on Monday. Here’s a look at the key details from the print.

FY24 Earnings: Oklo reported a full-year 2024 earnings loss of 74 cents per share, versus a loss of 47 cents per share in the prior year, according to Benzinga Pro.

The Sam Altman-backed nuclear startup said its 50 MW reactor is now capable of scaling up to 75 MW. The company also highlighted recent deals with Switch and RPower, as well as its acquisition of Atomic Alchemy.

Oklo reported operating losses of $52.8 million in 2024. The company said it used $38.4 million of cash in operations in 2024, below its forecasted range of $40 million to $50 million. Oklo ended the year with $275.3 million in cash, cash equivalents and marketable securities.

“We've already made big strides in 2025: evolving our powerhouse offering to scale up to 75 MW, partnering with RPower on a gas-to-nuclear strategy, and expanding into radioisotope production with our strategic acquisition of Atomic Alchemy. These moves unlock new revenue opportunities and open additional markets for Oklo,” said Jacob DeWitte, co-founder and CEO of Oklo.

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Oklo announced Monday morning the company is engaging with the U.S. Nuclear Regulatory Commission (NRC) in a pre-application assessment for its combined license application for the company's Aurora Powerhouse at the Idaho National Laboratory.

The company noted in the earnings release that it continues to make progress towards obtaining commercial licenses and plans to submit a customer NRC application later this year.

“As the only company with both a site use permit and secured fuel for our first deployment, Oklo remains on track to deliver commercial power by the end of 2027, backed by a strong and growing customer pipeline,” DeWitte said.

Oklo also announced that it appointed Daniel Poneman and Michael Thompson to its board. Poneman has decades of experience in the nuclear industry and Thompson brings over 25 years of experience advising technology companies.

Oklo executives will further discuss the quarter on a conference call with investors and analysts at 4:30 p.m. ET.

OKLO Price Action: Oklo shares were down 2.94% after hours, trading at $30 at the time of publication Monday, according to Benzinga Pro.

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Photo: Courtesy of Oklo.