Oklo reported Monday a wider loss than expected following a jump in expenses.
Oklo Inc (NYSE:OKLO) reported fiscal Q2 loss of $0.18 a share, narrowing the the $0.27 a loss per share in the same period a year ago. Analysts expected a loss of about $0.12 per share.
The loss was driven by feel associated with the capital raise and an $11.4M of non-cash stock-based compensation expense, the company said.
Operating expenses jumped to $28M, up from $17.8M a year earlier.
Source :
https://www.investing.com/news/earnings/oklo-reports-wider-loss-in-q2-as-expenses-jump-4183830
