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Invesitng.com - Oklo reported Tuesday a wider-than-expected loss amid a jump in expenses.
Oklo Inc (NYSE:OKLO) fell 1% in recent afterhours trading following the report.
The nuclear technology company reported a Q3 loss of $0.20 a share, wider than the $0.08 loss per share from the same period a year earlier, missing analyst estimates for a loss of $0.12.
The wider loss comes as total operating expenses swelled to $36.3M, nearly three times higher than the $12.3M reported in the same period of the previous year.
This rise in expenses were driven by escalated payroll, professional fees associated with capital market activity, and a non-cash stock-based compensation expense of around $9.1M that impacted the quarter’s results, the company said.