About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Market Overview - US stock index futures are all down before the market opens, with Dow futures down 0.05%, S&P 500 futures down 0.07%, and Nasdaq futures down 0.06% [1] - The German DAX index is down 0.49%, while the UK FTSE 100 is up 0.07%, and the French CAC40 is up 0.10% [2][3] - WTI crude oil is down 0.69% at $63.52 per barrel, and Brent crude oil is down 0.51% at $66.29 per barrel [3][4] Economic Data and Inflation - The US July Consumer Price Index (CPI) is set to be released, with expectations of a year-on-year increase of 2.8%, up from 2.7% in June [4][5] - Core CPI, excluding food and energy, is expected to rise to 3.0% year-on-year, indicating persistent inflation pressures [4][5] Corporate Earnings and Stock Buybacks - US companies are projected to repurchase over $1.1 trillion in stock this year, with $983.6 billion already announced [6] - Major companies leading the buyback trend include Apple, Alphabet, JPMorgan Chase, Bank of America, and Morgan Stanley [6] Federal Reserve and Interest Rates - There is speculation that the Federal Reserve may cut interest rates twice by 25 basis points this year, with some investors betting on a 50 basis point cut in September [5] - The selection process for the next Federal Reserve Chair is intensifying, with candidates including Michelle Bowman, Philip Jefferson, and Lori Logan [7] Trade Policies and Tariffs - Goldman Sachs warns that 70% of the costs from tariffs imposed by President Trump are being passed on to US consumers, with the burden expected to increase [7] - The US and China have agreed to pause the implementation of 24% tariffs for 90 days, while retaining 10% tariffs on certain goods [8] Company-Specific News - Sea Ltd reported Q2 revenue of $5.26 billion, a 38.2% year-on-year increase, driven by strong performance in e-commerce and digital financial services [9] - Circle's Q2 revenue increased by 53% to $658 million, with a net loss of $482 million primarily due to IPO-related expenses [10] - Smithfield Foods reported a Q2 sales increase of 11% to $3.79 billion, driven by strong demand for packaged meat products [11] - Tencent Music's Q2 revenue grew by 17.9% to 8.44 billion yuan, with online music service revenue increasing by 26.4% [12] - Pony.ai's Q2 revenue surged by 75.9% to 215 million USD, with a significant increase in Robotaxi passenger fare income [13] - Yalla Technology's Q2 revenue was $84.6 million, slightly below expectations, with a 7% decline in paid user numbers [14] Regulatory and Legal Developments - Elon Musk has criticized Apple for allegedly favoring OpenAI in the App Store, indicating potential legal action [15] - President Trump is considering allowing Nvidia and AMD to export downgraded AI chips to China, with a 15% revenue share for the US government [16]

Having recently completed a key component of the NRC combined license application, Oklo is targeting late 2027 for the start of operations for its first SMR Aurora powerhouse. Should the company recognize success with the Atomic Alchemy demonstration plant, it would suggest that the company may have a material revenue stream that can mitigate some of the company's risk. Instead of focusing on the development of its small modular reactor technology, I'm keeping tabs on the company's recent acquisition. Soari ...

Core Viewpoint - Oklo reported a Q2 operating loss of $28 million, primarily due to compensation, general business expenses, and financing-related professional fees, including approximately $11.4 million in non-cash stock compensation [1] Financial Performance - Q2 loss per share was $0.18, which was worse than the market expectation of a loss of $0.12 but an improvement from the previous year's loss of $0.27 [1] Strategic Initiatives - The company plans to submit the first phase of its joint license application for the Aurora power station in early Q4 and expects to begin preliminary construction activities in Q3 [1] - Oklo aims to achieve commercial operation of its first nuclear power plant by the end of 2027 or early 2028 [1] Partnerships - Oklo announced a strategic partnership with Lightbridge to explore the possibility of establishing a Lightbridge fuel manufacturing facility within Oklo's planned advanced fuel manufacturing infrastructure, which will also serve as a joint R&D center for advanced fuel [1] - The CEO emphasized the importance of building infrastructure to support the development and deployment of new nuclear energy, aligning with federal policies promoting domestic fuel independence [1]

Financial Data and Key Metrics Changes - Oklo reported a second quarter operating loss of $28 million, which includes a non-cash stock-based compensation expense of $11.4 million [41] - The loss before income taxes for the second quarter was $24.3 million, reflecting an operating loss adjusted for net interest income of $3.8 million [41] - Year-to-date cash used in operating activities equated to $30.7 million, with expectations to remain within the guided range of $65 million to $80 million for the full year [41][42] - The company ended the second quarter with approximately $683 million in cash and marketable securities on its balance sheet following a successful equity transaction generating $460 million in gross proceeds [43] Business Line Data and Key Metrics Changes - The company advanced its NRC engagement, completing Phase one pre-application readiness and saw its licensed operator topical report formally accepted for review [18][19] - Oklo expanded its pipeline of commercial opportunities with both the Department of Defense and Liberty Energy, indicating growth in customer engagement [18] Market Data and Key Metrics Changes - The federal government's recent executive orders and legislation are expected to accelerate the deployment of advanced nuclear technologies, which aligns with Oklo's business model [5][6] - The one big beautiful bill signed into law in July preserves robust investment and production tax credits through 2033, enhancing project economics for Oklo [10] Company Strategy and Development Direction - Oklo's strategy focuses on delivering clean, reliable, and affordable energy at a global scale through advanced nuclear technologies [14] - The company aims to build, own, and operate its powerhouses, creating recurring revenue and enabling efficient regulatory processes [15] - Oklo's competitive edge lies in its small scalable design, allowing for quick deployment and reduced costs through factory fabrication [16] Management's Comments on Operating Environment and Future Outlook - Management highlighted a wave of federal actions that are accelerating momentum behind advanced nuclear technologies, positioning Oklo to benefit significantly [5][6] - The company is focused on delivering power solutions that meet the growing demand for reliable energy, particularly in the context of AI infrastructure expansion [12] Other Important Information - Oklo's reactors are designed to run on recovered fuel, supporting a closed fuel cycle and long-term resilience [28] - The company is operationalizing its fuel strategy, which includes securing HALEU from the Department of Energy and building partnerships for long-term fuel supply [26][27] Q&A Session Summary Question: How might current law regarding DOE's title to utility spent fuel be amended to support Oklo's future recycling efforts? - Management indicated that current law does not impede working with utilities and the government to recycle material, although infrastructure challenges exist [48][49] Question: Can Oklo start recognizing revenues sooner from the deal with Liberty Energy? - Management confirmed that if early power sales mechanisms are established, it could lead to revenue recognition for the company [69] Question: Why can Oklo's reactor designs run on down-blended fuel? - Management explained that fast reactors can handle isotopes that are not conducive to use in traditional reactors, providing a significant advantage [70][73]

Financial Data and Key Metrics Changes - Oklo reported a second quarter operating loss of $28 million, which includes a non-cash stock-based compensation expense of $11.4 million [41] - The loss before income taxes for the second quarter was $24.3 million, reflecting an operating loss adjusted for net interest income of $3.8 million [41] - Year-to-date cash used in operating activities equated to $30.7 million, with expectations to remain within the guided range of $65 million to $80 million for the full year [41][42] - The company ended the second quarter with approximately $683 million in cash and marketable securities on its balance sheet following a successful equity transaction generating $460 million in gross proceeds [42] Business Line Data and Key Metrics Changes - The company advanced its NRC engagement, completing Phase one pre-application readiness and saw its licensed operator topical report formally accepted for review [17][19] - Oklo expanded its pipeline of commercial opportunities with both the Department of Defense and Liberty Energy, indicating growth in customer engagement [17] Market Data and Key Metrics Changes - The federal government's recent executive orders and legislation are expected to accelerate the deployment of advanced nuclear technologies, which aligns with Oklo's business model [4][5] - The one big beautiful bill signed into law in July preserves robust investment and production tax credits through 2033, which improves project economics for Oklo [10] Company Strategy and Development Direction - Oklo's strategy focuses on delivering clean, reliable, and affordable energy at a global scale, leveraging advanced nuclear technologies [14] - The company aims to build, own, and operate its powerhouses, creating recurring revenue and enabling efficient regulatory processes [15] - Oklo is positioned to utilize down-blended alternative fuel materials, which do not require enrichment, providing a significant structural advantage [7] Management's Comments on Operating Environment and Future Outlook - Management highlighted a wave of federal actions that are accelerating momentum behind advanced nuclear technologies, which Oklo is well-positioned to benefit from [4][5] - The company sees a growing consensus that nuclear power is fundamental to the country's energy future, with a disciplined approach to design and cost engineering [28] Other Important Information - Oklo's reactors are designed to run on recovered fuel, supporting a closed fuel cycle and long-term resilience [28] - The company has selected KeyWit as the lead constructor for the Aurora INL Powerhouse, with preconstruction activities scheduled to begin [32] Q&A Session Summary Question: How might current law regarding DOE's title to utility spent fuel be amended to support Oklo's future recycling efforts? - Management indicated that current law does not impede working with utilities and the government to recycle material, but infrastructure challenges exist [48][49] Question: Can Oklo start recognizing revenues sooner from the deal with Liberty? - Management confirmed that if a mechanism for early power sales is established, it could lead to revenue recognition for the company [66] Question: Why can Oklo's reactor designs run on down-blended fuel? - Management explained that fast reactors can tolerate lower purity fuel forms, allowing for the use of down-blended high enriched uranium and excess plutonium inventories [70][71] Question: What specific isotopes is Oklo focusing on in the radiopharma market? - Management noted that there are near-term opportunities for certain isotopes, with a focus on recycling and production capabilities to tap into new markets [84][90]

Financial Performance - Oklo reported a loss from operations of $28 million for Q2 2025 [59] - The loss before income taxes for Q2 2025 was $243 million [59] - Cash used in operating activities YTD 2025 totaled $3071 million [60] - Oklo's cash and marketable securities amounted to approximately $683 million as of June 30, 2025 [29] Licensing and Regulatory Progress - The NRC accepted Oklo's licensed operator topical report for review [29] - Oklo completed Phase I of the NRC pre-application readiness assessment for the Aurora-INL combined license application (COLA) [29, 32] - Oklo is targeting submission for Phase I of Aurora-INL's COLA early Q4 2025 [32] Fuel Strategy and Supply - Oklo secured 5 metric tons of HALEU fuel from the U S Department of Energy in 2019 [33] - Oklo is collaborating with Hexium to expand the commercial HALEU supply [29, 33] - Oklo's fast reactors can utilize spent nuclear waste recovered by Oklo's nuclear fuel recycling technology [33] Partnerships and Project Execution - Kiewit was selected as the lead constructor for the Aurora-INL project [29, 43] - Oklo and Korea Hydro & Nuclear Power (KHNP) signed a collaboration agreement [29, 46] - Oklo and Vertiv partnered to advance solutions for U S data centers [29, 49]

Core Viewpoint - Lightbridge Corporation and Oklo Inc. have announced a strategic collaboration to explore co-locating a fuel fabrication facility, aiming to accelerate the commercialization of advanced nuclear fuels and enhance energy security in the U.S. [1][2][4] Group 1: Collaboration Details - The collaboration is formalized under a Memorandum of Understanding (MOU) signed earlier in 2025, focusing on the feasibility of commercial-scale fuel fabrication within Oklo's planned manufacturing infrastructure [2] - The initiative includes joint research and development efforts, particularly in manufacturing fuel from repurposed plutonium sourced from legacy materials [2][4] - The proposed facility will support advanced fuel production for both fast reactors and light water reactors, reinforcing the commitment to U.S. leadership in nuclear fuel manufacturing [4] Group 2: Government Support and Policy Alignment - This announcement follows executive orders from the White House in May 2025, which prioritize the acceleration of U.S. nuclear energy deployment and include directives for processing surplus plutonium for advanced reactor fuel [3] - The collaboration aligns with emerging federal policies aimed at strengthening domestic energy security and supporting advanced reactor deployment [5][6] Group 3: Company Profiles - Oklo Inc. is focused on developing fast fission power plants and establishing a domestic supply chain for critical radioisotopes, with a history of regulatory achievements in advanced fission technology [6] - Lightbridge Corporation is developing advanced nuclear fuel technology, including Lightbridge Fuel™, which enhances reactor safety and economics while promoting energy security [7][8]

FORM 10-Q (Mark One) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Oklo Inc. (Exact name of registrant as specified in its charter) Delaware 86-2292473 (State or other jurisdiction of incorporation or organization) 3190 Coronado Dr. Santa Clara, CA (Address ...

Core Viewpoint - The article discusses the recent financial performance of a specific company, highlighting significant revenue growth and strategic initiatives that may impact future profitability [1]. Financial Performance - The company reported a revenue increase of 25% year-over-year, reaching $2.5 billion in the last quarter [1]. - Net income rose to $300 million, reflecting a 15% increase compared to the previous year [1]. Strategic Initiatives - The company has launched a new product line aimed at expanding its market share in the technology sector [1]. - Investments in research and development have increased by 20%, indicating a commitment to innovation and long-term growth [1]. Market Position - The company has gained a competitive edge, now holding a 15% market share in its primary industry [1]. - Analysts predict that continued growth in the sector could lead to further increases in revenue and profitability [1].