(Updates with recent stock movement in headline and first paragraph.)

Oklo (OKLO) shares rose more than 5% after the opening bell on Friday after the company posted better-than-expected revenue for Q2.

The company reported a Q2 loss Friday of $0.28 per diluted share, compared with a loss of $0.18 a year ago.

Analysts surveyed by FactSet expected a loss of $0.16.

Revenue for the quarter ended June 30 was $1.2 million, compared with no revenue a year earlier. Analysts expected $100,000.

Price: 44.58, Change: +2.36, Percent Change: +5.58