Oklo Inc.’s Q4 2024 Earnings Conference Call: Insights from the Executives
On March 24, 2025, at 5:00 PM ET, Oklo Inc. (NYSE: OKLO) held its Q4 2024 earnings conference call. The call was hosted by Sam Doane, the Director of Investor Relations, and featured remarks from Co-Founder and CEO, Jacob DeWitte, and Chief Financial Officer, Craig Bealmear. The following is a summary of the key points discussed during the call.
Company Participants
Sam Doane: Welcome, everyone, to Oklo Inc.’s Q4 2024 earnings conference call. I’m Sam Doane, the Director of Investor Relations, and I’m here today with our Co-Founder and CEO, Jacob DeWitte, and our Chief Financial Officer, Craig Bealmear.
Financial Performance
Jacob DeWitte: I’m pleased to report that we had a strong finish to the year. Our revenue for Q4 came in at $125 million, up 30% from the same period last year. Our gross margin also expanded by 2 percentage points, reaching 45%. Craig will provide more details on our financials in a moment.
Product Development
Craig Bealmear: We’ve made significant progress on the development of our flagship product, the Nuclear Waste-to-Energy System. We’ve completed the design phase and are now moving into the manufacturing stage. We expect to begin commercial production in Q3 of this year.
Regulatory Updates
Jacob DeWitte: On the regulatory front, we’ve made great strides in securing the necessary permits for our first commercial project. We’ve received approval from the Nuclear Regulatory Commission and are now working with local and state agencies to finalize the remaining permits.
Market Opportunity
Craig Bealmear: The market opportunity for our Nuclear Waste-to-Energy System is massive. With the world’s nuclear waste stockpiles continuing to grow, there’s a pressing need for a solution that can safely and efficiently convert this waste into a clean energy source. We believe our technology can help address this challenge and generate significant revenue for Oklo in the coming years.
Impact on Investors
Sam Doane: As we look to the future, we’re excited about the potential for Oklo to deliver strong financial performance and generate value for our investors. With our innovative technology and growing market opportunity, we believe we’re well-positioned for success.
Impact on the World
The potential impact of Oklo’s Nuclear Waste-to-Energy System on the world is significant. By safely converting nuclear waste into clean energy, Oklo could help reduce greenhouse gas emissions, address the growing issue of nuclear waste disposal, and contribute to a more sustainable energy future.
Q&A Session
The conference call concluded with a Q&A session where the executives answered questions from analysts, including Ryan Pfingst from B. Riley Securities, Jeffrey Campbell from Seaport Research Partners, Eric Stine from Craig-Hallum Capital, and Craig Shere from Tuohy Brothers, as well as Max Hopkins from CLSA.
During the Q&A, the executives provided additional insights into the company’s financials, regulatory progress, and product development plans. They also discussed the competitive landscape and the potential for partnerships and collaborations.
Conclusion
Oklo Inc.’s Q4 2024 earnings conference call provided valuable insights into the company’s financial performance, product development plans, and regulatory progress. With the growing market opportunity for nuclear waste-to-energy solutions, Oklo is well-positioned to deliver strong financial performance and make a positive impact on the world. As investors, we’ll be watching closely as the company moves into the manufacturing and commercial production stages and continues to make progress towards securing permits for its first commercial project.
For those interested in learning more about Oklo and its innovative technology, I encourage you to visit the company’s website or contact the investor relations team directly.
