Oklo reports larger-than-expected full-year loss per share
Oklo, the revenue-free nuclear power startup that more than tripled last year and became a favorite of retail traders, reported full-year results after the close of trading Tuesday.
It reported:
A full-year net loss per share of $0.72 vs. the $0.61 loss per share that Wall Street analysts had expected for the year.
R&D expenses of $58.9 million vs. the $46.0 million consensus estimate, according to FactSet.
Earnings have not been a big driver of Oklo shares. After all, analysts don’t expect the company to generate consistent revenues until at least 2028.
(The stock has tended to trade more on the company’s latest announcements about regulatory approvals and incremental steps toward generating revenue, such as those it made this morning.)
This report seems unlikely to turn around the recent performance of the shares, which has been awful. Oklo was down slightly in the after-hours session on Tuesday.
Oklo has dropped roughly 60% from its all-time high, which it hit back in mid-October. That’s also when Goldman Sachs’ themed basket of unprofitable tech stocks — of which Oklo is a member — topped out, suggesting that Oklo’s ills have at least something to do with shifting market sentiment among investors toward long-shot tech bets, in addition to its own performance.
