Oklo Inc ( OKLO ) shares are trading lower Tuesday on the heels of the company’s 2024 financial results. Here’s a look at what you need to know.

What Happened: Oklo ( OKLO ) reported a loss of 74 cents per share for full-year 2024, down from a loss of 47 cents per share in the prior year, according to Benzinga Pro.

Oklo ( OKLO ) reported operating losses of $52.8 million in 2024. The company said it used $38.4 million of cash in operations in 2024, below its forecasted range of $40 million to $50 million. Oklo ( OKLO ) ended the year with $275.3 million in cash, cash equivalents and marketable securities.

"As the only company with both a site use permit and secured fuel for our first deployment, Oklo ( OKLO ) remains on track to deliver commercial power by the end of 2027, backed by a strong and growing customer pipeline," said Jacob DeWitte, co-founder and CEO of Oklo ( OKLO ).

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Oklo ( OKLO ) said its 50 MW reactor is now capable of scaling up to 75 MW. The company noted that it’s engaging with the U.S. Nuclear Regulatory Commission (NRC) in a pre-application assessment and continues to make progress towards obtaining commercial licenses. Oklo ( OKLO ) plans to submit a custom NRC application later this year.

"We’ve already made big strides in 2025: evolving our powerhouse offering to scale up to 75 MW, partnering with RPower on a gas-to-nuclear strategy, and expanding into radioisotope production with our strategic acquisition of Atomic Alchemy. These moves unlock new revenue opportunities and open additional markets for Oklo ( OKLO )," DeWitte said.

Oklo ( OKLO ) appointed Daniel Poneman and Michael Thompson to its board. Poneman has decades of experience in the nuclear industry and Thompson brings over 25 years of experience advising technology companies.

OKLO Price Action: Oklo ( OKLO ) shares are up approximately 45% year-to-date. The stock was down 3.79% at $29.74 at the time of publication Tuesday, according to Benzinga Pro.