Santa Clara, Calif. based Oklo, experienced a net loss of $28 million or $0.18 per share in its second quarter that ended June 30.
In the second quarter of 2024, Oklo had a net operating loss of $17.7 million and a $0.27 loss per share.
Oklo announced its quarterly earnings on Monday Aug. 11.
Oklo went public in May 2024 and hopes to eventually benefit from President Donald Trump’s May 23 nuclear-related executive orders.
Oklo CEO Jacob DeWitte attended the White House ceremony when the actions were issued. One-time Oklo board of directors member Chris Wright is also now the secretary of energy. Oklo also has an agreement with Liberty Energy, which Wright founded to provide some natural gas-fired electric power to data centers until nuclear power is available. Oklo has signed a slew of agreements to generate power for U.S. data centers.
Oklo made headway during July in its Nuclear Regulatory Commission (NRC) license application.
The company also selected Kiewit to lead the construction of its Aurora powerhouse at the Department of Energy’s Idaho National Laboratory (INL). Oklo hopes to deploy its first commercial Aurora powerhouse by late 2027 or early 2028, according to its Monday earning report presentation.
Despite consecutive quarters of operational losses, Atomic Alchemy, Oklo’s subsidiary, began characterization site work at INL in June. Oklo’s subsidiary intends to construct a radioisotope production facility at the laboratory complex.
Oklo also signed a memorandum of understanding with Korea Hydro and Nuclear Power in May to explore collaboration on future advanced nuclear projects and was selected in June by the U.S. Air Force for a long-term contract to provide a microreactor at the Eielson base in Alaska, contingent on NRC approval.
