Oklo Q2 Loss Widens to $48.5M as R&D Spending Ramps Up
OKLO sits 21% above its 52-week low of $36.61.
Summary
Oklo's Q2 net loss widened to $48.5M from $24.7M a year ago, driven by higher R&D and engineering costs. Revenue was $1.2M, up from zero. The company holds $3.01B in cash after raising $1.85B via ATM in H1 2026. This follows the Groves test reactor achieving first criticality yesterday, a major technical milestone. The loss reflects aggressive investment ahead of the 2028 commercial target.
At the time of this announcement, OKLO was trading at $44.47 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $7.3B. The 52-week trading range was $36.61 to $193.84. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.