Oklo Earnings Reports

Oklo reported strong progress in Q4 2024, securing key agreements including a 12 GW Master Power Agreement with Switch and expanding its customer pipeline to 14 GW. While the company is still pre-revenue and reported a loss from operations, its regulatory advancements and strategic partnerships position it well for future deployment and revenue generation.

Oklo made significant strides in Q3 2024, highlighted by an increase in the customer pipeline to 2,100 Megawatts, driven by new data center clients. The company also achieved key regulatory milestones, including DOE approval for the Fuel Fabrication Facility Design and secured an environmental compliance permit for the Idaho site. Additionally, Oklo began site preparation for its first powerhouse and signed a term sheet to acquire Atomic Alchemy, Inc.

Oklo reported a net loss of $29.3 million for the second quarter of 2024, which included non-cash fair market value losses of $13.1 million associated with SAFE notes and $0.4 million losses in deemed dividend earnout and founder shares. The company ended the quarter with $294.6 million in cash and marketable securities, driven by $276 million in proceeds received at deal closure net-of-fees. Oklo is targeting to meet its operating loss estimate of $40-50 million for the full year 2024.