Oklo (NYSE:OKLO) Posts Earnings Results, Beats Estimates By $0.05 EPS

Oklo (NYSE:OKLO) issued its earnings results on Friday. The company reported ($0.22) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.05, FiscalAI reports. The business had revenue of $1.86 million for the quarter, compared to analyst estimates of $1.03 million. During the same period last year, the business posted ($0.20) EPS.

Here are the key takeaways from Oklo’s conference call:

• Aurora-ID construction is advancing: excavation is complete, structural steel and safety-related rebar work are underway, and DOE has approved the preliminary safety analysis. Oklo is also installing equipment at its fuel-fabrication facility and targets its first full fuel assembly in 2027.
• Oklo reported a $123.3 million year-to-date net loss and $110.9 million of cash used in operations through September. Its $3.1 billion in cash and marketable securities includes $2.3 billion raised through ATM offerings, while full-year operating cash use is still expected at $120 million–$150 million.
• The 10-Q places Aurora-ID’s expected startup in 2028–2029; management cited commissioning, testing, and equipment-integration needs as reasons to maintain schedule flexibility. The Ohio project’s Meta agreement is not yet binding to build, and its interconnection process is expected to continue over the next 24 months.
• Oklo is pursuing revenue beyond power sales through fuel fabrication, recycling, and isotope production. Groves-2 was selected for DOE’s Nuclear Energy Launch Pad, and management is targeting 2027 for recycling-pilot commissioning and its first contracted isotope delivery, while noting these milestones depend on execution and approvals.

Oklo Stock Up 22.6%

OKLO traded up $4.35 on Friday, hitting $23.55. 24,869,573 shares of the company traded hands, compared to its average volume of 9,472,418. The company has a 50 day moving average of $33.56 and a 200-day moving average of $52.36. The stock has a market capitalization of $4.38 billion, a PE ratio of -25.05 and a beta of 1.31. Oklo has a 12-month low of $18.53 and a 12-month high of $117.44.

Oklo News Roundup

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Oklo reported a Q3 loss of $0.22 per share, narrower than analysts’ average estimate of $0.27, and revenue of $1.86 million, above the $1.03 million consensus cited in reports. The better-than-expected results helped lift the shares. MarketWatch earnings report
• Positive Sentiment: The company agreed to work with U.S. Forged Rings on planned domestic manufacturing capacity for large reactor components. The arrangement is intended to help address potential supply bottlenecks for future Aurora powerhouse deployments. Manufacturing partnership announcement
• Positive Sentiment: A broader rebound in nuclear-energy stocks also supported the move, suggesting some of the prior sector-wide pressure eased. Nuclear stocks rebound
• Negative Sentiment: Oklo still has very limited revenue and reported a quarterly loss. Its reported $3.13 billion in cash and investments offers funding for development, but much of that balance came from stock sales, highlighting reliance on capital markets and potential dilution as it pursues costly projects. Quarterly results and cash position

Analysts Set New Price Targets

Several research firms recently weighed in on OKLO. Truist Financial decreased their target price on Oklo from $51.00 to $31.00 and set a “hold” rating for the company in a research note on Thursday, October 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Oklo in a research note on Wednesday. Wedbush assumed coverage on shares of Oklo in a report on Tuesday. They set an “outperform” rating and a $36.00 price objective on the stock. TD Cowen started coverage on shares of Oklo in a report on Monday, October 26th. They set a “hold” rating and a $26.00 price objective on the stock. Finally, Citigroup reduced their price objective on shares of Oklo from $57.50 to $33.00 and set a “neutral” rating for the company in a research report on Wednesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Oklo presently has an average rating of “Moderate Buy” and an average price target of $69.72.

Insider Activity at Oklo

In other Oklo news, CFO Richard Bealmear sold 16,727 shares of Oklo stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $25.55, for a total value of $427,374.85. Following the transaction, the chief financial officer directly owned 467,261 shares in the company, valued at approximately $11,938,518.55. This trade represents a 3.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Hanson sold 1,034 shares of the business’s stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $26.71, for a total value of $27,618.14. Following the completion of the transaction, the insider directly owned 361,277 shares in the company, valued at approximately $9,649,708.67. The trade was a 0.29% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 350,203 shares of company stock worth $12,424,945 in the last ninety days. Company insiders own 12.70% of the company’s stock.

Oklo Company Profile

Oklo Inc is an advanced nuclear technology company developing compact fission power plants designed to provide reliable, carbon-free electricity. Its flagship product, the Aurora powerhouse, is a small modular reactor intended to operate with a high degree of fuel efficiency and to supply power directly to customers such as utilities, industrial facilities, data centers and other energy-intensive operations.

The company is also developing fuel-recycling capabilities intended to convert used nuclear fuel and other material into fuel for advanced reactors.