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Investing.com -- Oklo Inc (NYSE:OKLO), a developer of advanced nuclear reactors, reported a narrower-than-expected loss for the first quarter of 2025, though shares slipped 1% in after-hours trading following the results.
The company posted an adjusted loss of $0.07 per share, beating analyst estimates for a loss of $0.08 per share. Oklo did not generate any revenue in the quarter, in line with expectations. The company expects to report first revenues in early-to-mid 2026.
Oklo’s cash burn for Q1 remained on track with management’s expectations. The company ended the quarter with a strong balance sheet, reporting $261 million in cash and marketable securities.
"We continue to make progress on our path to commercialization," said Jacob DeWitte, Co-Founder and CEO of Oklo. "Our first quarter results demonstrate disciplined execution as we advance our technology and licensing efforts."
Key operational highlights in the quarter included completing a site drilling campaign at Idaho National Laboratory for Oklo’s first planned Aurora powerhouse. The company is aiming to begin plant operations there in late 2027 or early 2028.
Oklo also initiated pre-application readiness assessment with the Nuclear Regulatory Commission for its combined license application. Additionally, the company was named eligible to pursue contracts under the Department of Defense’s Advanced Nuclear Power for Installations program.
Also announced was the appointment of Pat Schweiger as Chief Technology Officer of the company. Schweiger has over 40 years of leadership experience in the energy sector, and is expected to bring his "deep, hands-on experience" to Oklo in hopes of bolstering its development.
Looking ahead, Oklo expects to generate its first revenues in early to mid-2026. The company’s cash position provides runway to continue development efforts in the meantime as it works toward deploying its first commercial reactor.