Oklo Inc. reported Q2 2024 financial results with a net loss of $29.3 million, compared to $4.5 million in Q2 2023. Operating expenses increased to $17.8 million, primarily driven by research and development costs of $10.7 million and general and administrative expenses of $7.1 million. The company completed its business combination with AltC Acquisition Corp in May 2024, raising net proceeds of $260.9 million.The company strengthened its financial position with cash, cash equivalents, and marketable securities totaling $294.6 million as of June 30, 2024. Research and development expenses increased by 484.7% year-over-year, reflecting expanded development activities and increased headcount. Stock-based compensation expenses included $7.8 million related to the Earnout Shares modification at the business combination closing.Oklo continues to advance its Aurora powerhouse development program, targeting first deployment in 2027. The company secured significant partnerships and letters of intent for over 1,350 MWe in potential deployments. Notable achievements include securing a site use permit from the DOE, receiving a fuel award from INL, and completing the second phase of thermal hydraulic testing with Argonne National Laboratory.

Oklo Inc. reported Q2 2024 financial results with a net loss of $29.3 million, compared to $4.5 million in Q2 2023. Operating expenses increased to $17.8 million, primarily driven by research and development costs of $10.7 million and general and administrative expenses of $7.1 million. The company completed its business combination with AltC Acquisition Corp in May 2024, raising net proceeds of $260.9 million.The company strengthened its financial position with cash, cash equivalents, and marketable securities totaling $294.6 million as of June 30, 2024. Research and development expenses increased by 484.7% year-over-year, reflecting expanded development activities and increased headcount. Stock-based compensation expenses included $7.8 million related to the Earnout Shares modification at the business combination closing.Oklo continues to advance its Aurora powerhouse development program, targeting first deployment in 2027. The company secured significant partnerships and letters of intent for over 1,350 MWe in potential deployments. Notable achievements include securing a site use permit from the DOE, receiving a fuel award from INL, and completing the second phase of thermal hydraulic testing with Argonne National Laboratory.