Oklo reports $0 revenue for FY2024 and a $73.62 million net loss amid high cash burn and no commercial operations.
Oklo, a pre-revenue nuclear energy firm, reported $0 in revenue for FY2024 and a $73.62 million net loss. Operating cash burn reached $38.39 million, leaving $275.30 million in cash and marketable securities. The company’s market cap stands at $11.46 billion despite no earnings, with a trailing EPS of -$0.84.
Oklo’s filings highlight its lack of commercial operations and potential need for additional financing to construct plants. Its 14 GW pipeline of non-binding data-center letters of intent, including a 12 GW Switch Master Power Agreement and a 500 MW Equinix LOI, generates no current revenue. First power from its Aurora plant is targeted for late 2027 to early 2028.
Shares have fallen 15.32% since January and 9.02% over the past month, reflecting investor skepticism amid a high-interest-rate environment. The 10-year Treasury yield at 4.57% exacerbates funding challenges for pre-revenue firms like Oklo.