Oklo (NYSE:OKLO) shares opened about 7% higher on Friday after the advanced nuclear technology company reported second quarter results that included a wider-than-expected loss but revenue that came in well above analyst estimates.
The company reported a loss per share of $0.28, compared with the analyst consensus estimate of a $0.16 loss.
Revenue reached $1.2 million, significantly above the consensus estimate of about $83,800.
The company reported a net loss of $48.5 million for the quarter, compared with a net loss of $24.7 million in the year-ago period. Oklo attributed the increased loss to higher research, development and operating expenses as it continues to scale its business.
For the first six months of 2026, Oklo reported a net loss of $81.6 million. The loss from operations was $124.2 million, including payroll, stock-based compensation, general business expenses and professional fees. This was partially offset by $44.5 million in net interest and dividend income.
Oklo ended the second quarter with $3 billion in cash and marketable securities, consisting of $1.6 billion in cash and equivalents and $1.4 billion in marketable securities. The company said the balance increased by $1.9 billion during the first two quarters following the completion of its ATM offerings.
Cash used in operating activities totaled $65.5 million in the second quarter, while year-to-date cash used in operating activities was $81.6 million. Year-to-date cash used in investing activities was $912.7 million, including $743.6 million of net cash used for purchases of marketable securities related to the ATM program and $126.9 million in capital spending tied to planned property, plant and equipment growth across the company's three business units.