Oklo Inc. (OKLO), an advanced fission power technology and nuclear fuel recycling company, saw its stock plummet 7.54% in pre-market trading on Friday, November 15th. This significant drop came after the company reported its third-quarter financial results, which revealed a net loss of $0.08 per share, wider than analysts' expectations of a $0.05 loss.

The company's Q3 earnings report highlighted several key challenges and risks facing Oklo. Despite having a sizable cash position of $288.5 million after a SPAC merger in May 2024, the company reported operating expenses of $37.4 million for the nine-month period, primarily driven by research and development costs as well as general and administrative expenses.

While Oklo is working towards commercializing its liquid metal fast reactor technology, the company has yet to generate any revenue as its Aurora powerhouse product line is still under development. The company aims to deploy its first 15-50 MWe Aurora plant by 2027, but faces regulatory uncertainties, competition from other players in the emerging advanced fission power market, and the need for further financing to construct its plants.