Oklo reports $53.3M net loss for H1 2024; customer LOIs surge to 1,350 MW

Oklo Inc.

2024-Q2 EPS reported -$0.63

Q2 2024 six-month net loss of $53.3M; cash & marketable securities of $294.6M post-merger.
Full-year 2024 operating loss expected $40-50M; year-to-date cash used in operating activities $17.0M.
Customer LOIs total 1,350 MW, up 93% from July 2023; first Aurora plant targeted for 2027.
ADVANCE Act enacted July 2024; Oklo expects reduced NRC licensing fees and shorter timelines.
Non-cash FMV losses of $37.8M from merger adjustments and $30M SAFE note revaluation included in net loss.

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