Investors are hopeful the new administration will lift the nuclear sector.Last week's election of Donald Trump has shaken up markets.Stocks have broadly soared, though there have been pockets of weakness, such as real estate and multinational companies that could be impacted by Trump's proposed tariffs.Treasury yields jumped on the election as well, signaling that bond investors were wary of increased deficits and the impact of tariffs under a new Trump administration, though bond yields have fallen in subs ...

Group 1 - U.S. stock futures are lower, with Dow futures dropping over 200 points [1] - Applied Materials reported quarterly earnings of $2.32 per share, exceeding the analyst consensus estimate of $2.19, and quarterly revenue of $7.05 billion, surpassing the estimate of $6.95 billion and increasing from $6.72 billion year-over-year [2] - Shares of Applied Materials declined 7.3% to $172.55 in pre-market trading [2] Group 2 - Quantum Computing Inc. shares fell 25.5% to $3.28 after announcing a registered direct offering of $40 million [3] - AST SpaceMobile, Inc. shares dropped 13.8% to $23.10 following worse-than-expected quarterly financial results [3] - Koppers Holdings Inc. shares fell 12.1% to $33.00 in pre-market trading [3] - Oklo Inc. shares decreased 7.8% to $22.00 after third-quarter results [3] - Intuitive Machines, Inc. shares declined 5.4% to $9.68 after reporting third-quarter results [3] - Ulta Beauty, Inc. shares fell 4.9% to $364.01 in pre-market trading [3] - SolarEdge Technologies, Inc. shares decreased 4.6% to $12.24 in pre-market trading [3] - Centerspace shares fell 4% to $69.50 in pre-market trading [3]

1 Q3 2024 Company Update Forward-looking statements ABOUT THIS PRESENTATION This presentation is provided by Oklo Inc. ("Oklo") for informational purposes only. The information contained herein does not purport to be all inclusive and no representations or warranties, express or implied, are given in, or in respect of, this presentation. To the fullest extent permitted by law, in no circumstances will Oklo or any of its subsidiaries, interest holders, affiliates, representatives, partners, directors, office ...

Financial Data and Key Metrics Changes - Year-to-date cash used in operations is $24.9 million, with a net loss of $63.4 million, partially offset by $38.5 million in non-cash impacts [55] - Year-to-date operating loss is $37.4 million, including a one-time fair market value adjustment of $7.8 million related to earn-out shares [55] - Cash and marketable securities at the end of Q3 are $288.5 million, primarily driven by $276 million in proceeds received at deal closure [55] Business Line Data and Key Metrics Changes - Oklo signed letters of intent with two major data centers for up to 750 megawatts of power, increasing total signed agreements to 2.1 gigawatts [33][34] - The company is focused on optimizing pricing linked to fuel prices and ensuring access to supply chains to support asset deployment [35] Market Data and Key Metrics Changes - The nuclear sector received significant funding for infrastructure to supply High-Assay Low-Enriched Uranium (HALEU) [13] - 31 countries set targets to triple nuclear energy capacity by 2050, indicating strong governmental support for nuclear energy [13] Company Strategy and Development Direction - Oklo's strategy is centered on three key pillars: a customer-oriented business model, small reactor size for capital efficiency, and advanced technology leveraging liquid sodium coolant [14][16] - The company aims to build, own, and operate its powerhouses, differentiating itself from competitors who sell partially complete reactor designs [10][11] Management's Comments on Operating Environment and Future Outlook - Management sees a significant opportunity in advanced nuclear technology, especially with increasing commitments from big tech companies for reliable power [6][7] - The company anticipates a 24-month review timeline with the NRC for its first site, with plans to advance site preparation and construction activities in parallel [21][30] Other Important Information - Oklo plans to fully incorporate Atomic Alchemy via acquisition, enhancing its capabilities in radioisotope production [36][39] - The acquisition is expected to create significant value for shareholders and strengthen the U.S. radioisotope supply chain [46][50] Q&A Session Summary Question: Has the announcements from tech giants led to increased customer interest in Oklo? - Management confirmed that there has been a steady pace of acceleration in customer interest, particularly due to partnerships with major companies like Equinix [60][64] Question: How might the changing political landscape affect nuclear opportunities? - Management noted bipartisan support for nuclear energy and anticipated continued regulatory modernization, which could benefit Oklo [66][67] Question: Can you discuss the response from hyperscalers regarding reactor sizes? - Management indicated that while there is interest in larger reactors, the current focus remains on the 50-megawatt size, which aligns well with data center needs [71][74] Question: What is the potential size of the Atomic Alchemy business? - Management highlighted significant market demand for radioisotopes and the potential for near-term revenue streams from Atomic Alchemy's capabilities [75][79]

[Q3 2024 Shareholder Letter](index=1&type=section&id=Shareholder%20Letter) [CEO Message](index=1&type=section&id=CEO%20Message) CEO Jacob DeWitte highlights unprecedented energy demand from AI and electrification, positioning Oklo to lead advanced nuclear deployment by late 2027 with small-scale powerhouses and direct sales - The world is entering an era of **unprecedented energy demand**, with nuclear power playing a critical role[1](index=1&type=chunk) - Oklo's business model focuses on building **small, repeatable fission powerhouses** and selling power directly to customers to accelerate timelines and reduce complexity[2](index=2&type=chunk) - The company aims to be a leader in deploying **advanced nuclear power by late 2027**, supported by a site permit and secured fuel[2](index=2&type=chunk) [Key Q3 2024 Milestones](index=2&type=section&id=Key%20Q3%20milestones) Oklo significantly expanded its customer pipeline to 2,100 MW, secured key regulatory permits for its Idaho site and fuel facility, and announced the $25 million all-stock acquisition of Atomic Alchemy - Added two data center customers, increasing the total announced customer pipeline to **2,100 Megawatts**, a **200% increase** since July 2023[3](index=3&type=chunk) - Secured a key environmental compliance permit from the DOE for the Idaho site, confirming no significant environmental impacts[3](index=3&type=chunk) - The DOE approved the Conceptual Safety Design Report for the Aurora Fuel Fabrication Facility, a critical step toward fueling the first commercial powerhouse[3](index=3&type=chunk) - Signed a term sheet for a **$25 million all-stock acquisition** of Atomic Alchemy, Inc. to integrate radioisotope production as a complementary revenue stream[3](index=3&type=chunk) [Market Developments and Customer Engagement](index=4&type=section&id=Major%20market%20developments) Rapid growth in AI and data center power demand is driving tech giants towards nuclear energy, supported by global financial and political backing, enabling Oklo to secure significant customer interest and expand its pipeline to 2,100 MW - Tech giants like Microsoft, Google, and Amazon are turning to nuclear energy to meet the power demands of the data center and AI boom[4](index=4&type=chunk) - AI power demand is projected to grow rapidly, outpacing server capacity advancements by **2030**[5](index=5&type=chunk) - Growing support for nuclear energy includes backing from **14 major global banks** to triple capacity by **2050** and a **$2.7 billion** U.S. government initiative for a domestic HALEU supply chain[6](index=6&type=chunk) Customer Pipeline Growth | Customer/Partner | Agreement Type | Power Capacity (MW) | | :--- | :--- | :--- | | Equinix, Inc. | Partnership with $25M pre-payment | Up to 500 | | Data Center Projects (2) | Power Purchase LOIs | Up to 750 | | Prometheus Hyperscale | Non-binding LOI (20-year PPA) | 100 | | **Total Pipeline** | | **2,100** | [Strategic Acquisition: Atomic Alchemy](index=7&type=section&id=Strategic%20acquisition) Oklo plans to acquire Atomic Alchemy for $25 million in an all-stock deal to integrate radioisotope production, tapping into a **$55.7 billion** market by 2026 and positioning itself in the domestic supply chain and next-generation semiconductor industry - Oklo plans to acquire Atomic Alchemy for **$25 million** in an all-stock deal to produce radioisotopes as a high-value coproduct of its fuel recycling process[3](index=3&type=chunk)[11](index=11&type=chunk) - The acquisition provides entry into the medical radioisotopes market, estimated to be worth **$55.7 billion by 2026**, addressing a critical supply shortage[11](index=11&type=chunk) - Atomic Alchemy's Neutron Transmutation Doping (NTD) technology is considered the 'gold standard' for silicon doping, potentially positioning Oklo as a leader in next-generation semiconductor production[11](index=11&type=chunk) - The transaction is not expected to have a significant immediate impact on Oklo's operating cost structure[11](index=11&type=chunk) [Project and Regulatory Update](index=8&type=section&id=First%20commercial%20deployment) Oklo is advancing its first commercial Aurora powerhouse for 2027 deployment at INL, with key DOE approvals secured and plans to submit its COLA to the NRC in H1 2025, leveraging new acts to expedite future approvals - Oklo is preparing to deploy its first commercial Aurora Powerhouse at Idaho National Laboratory (INL) in **2027**[12](index=12&type=chunk) - Key project milestones include a new MOA with the DOE for site assessments and DOE approval of the Conceptual Safety Design Report (CSDR) for the fuel fabrication facility[13](index=13&type=chunk)[15](index=15&type=chunk) - Oklo plans to submit its combined license application (COLA) to the NRC in **H1 2025** and file for subsequent powerhouses in late **2025** or early **2026**[16](index=16&type=chunk)[17](index=17&type=chunk) - The ADVANCE Act is expected to reduce licensing fees by over **50%** and expedite timelines, with a new proposed NRC rule potentially speeding up follow-on reactor approvals to just **7 months**[17](index=17&type=chunk)[18](index=18&type=chunk) [Financial Performance](index=10&type=section&id=Key%20Q3%20financial%20highlights) For the nine months ended September 30, 2024, Oklo reported a **$63.3 million** net loss and **$24.9 million** cash used in operations, ending with **$288.5 million** in cash and marketable securities, on track for its **$40-50 million** FY2024 operating loss forecast Q3 YTD 2024 Financial Highlights & Outlook | Metric | 9/30/2024 YTD | FY 2024 Forecast | | :--- | :--- | :--- | | Cash Used in Operations | $24.9M | $35-45M | | Loss from Operations | $37.4M | $40-50M | | Net Loss | $63.3M | N/A | | Cash & Marketable Securities | $288.5M | N/A | [Condensed Consolidated Balance Sheets](index=11&type=section&id=CONDENSED%20CONSOLIDATED%20BALANCE%20SHEETS) As of September 30, 2024, Oklo's total assets significantly increased to **$293.8 million** from **$14.9 million** at year-end 2023, driven by **$288.5 million** in cash, resulting in **$263.3 million** in stockholders' equity Balance Sheet Summary (in millions) | Account | Sep 30, 2024 | Dec 31, 2023 | | :--- | :--- | :--- | | **Total Assets** | **$293.8** | **$14.9** | | Cash & Marketable Securities | $288.5 | $9.9 | | **Total Liabilities** | **$30.5** | **$49.2** | | Simple agreements for future equity | $0.0 | $46.0 | | **Total Stockholders' Equity (Deficit)** | **$263.3** | **($34.4)** | [Condensed Consolidated Statements of Operations](index=12&type=section&id=CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20OPERATIONS) For the nine months ended September 30, 2024, Oklo's loss from operations widened to **$37.4 million** and net loss grew to **$63.3 million**, significantly impacted by a **$29.9 million** non-cash charge from SAFE notes Statement of Operations Summary (in millions) | Metric | Nine Months Ended Sep 30, 2024 | Nine Months Ended Sep 30, 2023 | | :--- | :--- | :--- | | Research and development | $19.4 | $5.5 | | General and administrative | $18.0 | $5.9 | | **Loss from operations** | **($37.4)** | **($11.4)** | | Change in fair value of SAFE | ($29.9) | ($6.6) | | **Net loss** | **($63.3)** | **($17.9)** | | Net loss per share (Basic & Diluted) | ($0.65) | ($0.32) | [Condensed Consolidated Statements of Cash Flows](index=13&type=section&id=CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20CASH%20FLOWS) For the nine months ended September 30, 2024, net cash used in operating activities was **$24.9 million**, while financing activities provided **$300.8 million**, resulting in an **$81.9 million** net increase in cash and equivalents Cash Flow Summary (in millions) | Cash Flow Activity | Nine Months Ended Sep 30, 2024 | Nine Months Ended Sep 30, 2023 | | :--- | :--- | :--- | | Net cash used in operating activities | ($24.9) | ($10.4) | | Net cash used in investing activities | ($194.0) | ($0.06) | | Net cash provided by financing activities | $300.8 | $10.8 | | **Net increase in cash** | **$81.9** | **$0.4** | | **Cash and cash equivalents - end of period** | **$91.8** | **$10.0** | [Upcoming Events](index=14&type=section&id=Upcoming%20events) Oklo has a full schedule of upcoming investor and industry conferences through January 2025, focusing on AI, clean energy, technology, and nuclear power themes - Oklo will be participating in numerous investor and industry conferences from **November 2024 to January 2025**, focusing on themes of AI, clean energy, technology, and nuclear power[27](index=27&type=chunk)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-40583 Oklo Inc. (Exact name of registrant as specified in its charter) Delaware 86-2292473 (State or other jurisdiction of i ...

Company Overview - Oklo is a development-stage nuclear fission technology company focused on small modular reactors [2] - The company is backed by OpenAI CEO Sam Altman and Silicon Valley billionaire Peter Thiel [3] - Oklo currently has no revenue as it is in the development phase [2] Stock Performance - Oklo's stock surged 177.6% in October, nearly tripling in value [2] - The stock experienced two major upward phases in October [2] - Shares pulled back in early November after regulatory issues [4] Industry Developments - Microsoft signed a deal with Constellation Energy to revive a nuclear facility at Three Mile Island [3] - Alphabet announced an agreement with Kairos Power to use small modular reactors for AI data centers [3] - Amazon signed several deals for nuclear energy projects, including small modular reactors [3] Regulatory Milestones - Department of Energy approved Oklo's conceptual safety design report for its Aurora Fuel Fabrication Facility [3] - Federal Energy Regulatory Commission blocked Amazon's deal with Talen Energy's Susquehanna power plant [4] Market Sentiment - Nuclear energy is emerging as a favored power source among big tech companies and billionaire investors [2] - Investors are increasingly drawn to the nuclear energy sector, particularly companies like Oklo with high-profile backers [3] - The nuclear sector faces uncertainty, with grid reliability concerns taking precedence as power demand grows [4]

Nuclear Power Industry Overview - Nuclear power stocks are currently underperforming due to regulatory decisions, despite recent popularity [1] - The Federal Energy Regulatory Commission (FERC) denied Talen Energy's request to increase power supply to an Amazon data center from 300 MW to 480 MW [2] - This decision has caused significant stock price declines across the nuclear power sector [3][4] Company Performance - Talen Energy's stock fell 4.5% following FERC's decision [3] - Amazon's share prices dropped 1.6% on the news [3] - NuScale Power's stock decreased by 4.6%, Oklo by 6%, and Nano Nuclear Energy by 10.1% [4] - Constellation Energy lost over 10% of its market cap despite a strong Q3 earnings report [6] Business Models and Revenue - Constellation Energy generates $23.5 billion in annual revenue with 20% operating profit margins [7] - Vistra earns $14 billion annually with 21% operating profit margins [7] - NuScale, Oklo, and Nano Nuclear are focused on developing small modular reactors but currently lack operational revenue [10] Regulatory Impact - FERC's decision raises concerns about grid reliability and consumer costs, impacting the nuclear power industry [6] - The regulatory environment poses a greater threat to companies developing small modular reactors [9][10] Market Trends - Oklo's stock has more than doubled, Nano Nuclear nearly quadrupled, and NuScale almost sextupled over the past 12 months [11] - Investors are showing increased interest in taking profits due to regulatory uncertainties [11]

Group 1 - The article highlights two decarbonization stocks that have shown significant price movements, with a focus on the fast nuclear reactor developer Oklo (NYSE: OKLO) [1] - Oklo's stock has increased since its public listing earlier this year, indicating strong market interest and potential growth in the nuclear energy sector [1] Group 2 - The analysis is part of a broader coverage on decarbonization stocks, which includes sectoral insights, stock analysis, news updates, and educational content [1]

Oklo Today OKLO Oklo $24.84 +0.34 (+1.39%) 52-Week Range $5.35 ▼ $25.37 Price Target $10.00 Add to Watchlist Oklo NYSE: OKLO is at the forefront of developing advanced nuclear fission power plants and nuclear fuel recycling systems. In just the past month, the stock has jumped over 115%, soaring past every projection made by Oklo's analyst community. But is the accelerated rise in Oklo's stock price justified by its potential, or are investors getting caught up in the radioactive hype? With a current stock ...