Oklo Inc. (NYSE: OKLO), an advanced nuclear technology company, saw its stock price plunge 7.31% in the 24-hour period following the release of its full-year 2024 financial results and business update. The significant drop reflects investor concerns about the company's widening losses and future financial outlook.

In its financial report, Oklo disclosed a net loss of 74 cents per share for 2024, compared to a loss of 47 cents per share in the previous year. This represents a substantial increase in the company's annual loss. Adding to investor worries, Oklo explicitly stated in its SEC filing that it expects to "incur significant expenses and continuing financial losses" in the near future, highlighting the challenges ahead for the pre-revenue company.

Despite some positive developments, including progress on regulatory fronts and new board appointments, the market reaction suggests that investors are primarily focused on the company's financial performance and burn rate. Oklo reported that it used $38.4 million in cash for operations in 2024, which was below its forecasted range of $40-50 million. However, this cost control measure did not seem to offset concerns about the company's expanding losses.

As Oklo continues to develop its fast fission power plants and advance its nuclear fuel recycling technologies, the company faces the dual challenge of managing costs while progressing towards commercialization. The stock's sharp decline indicates that investors may be reassessing the risks associated with Oklo's long-term path to profitability in the capital-intensive advanced nuclear technology sector.