Oklo Inc. (NYSE: OKLO) saw its stock price plummet by 5.10% during Wednesday's trading session, continuing the downward trend from Tuesday when the stock fell 6.41%. This recent decline appears to be driven by investor concerns following the company's disappointing earnings performance last year.

According to the company's latest earnings report, Oklo's net loss widened significantly in 2024, increasing by 129% to $73.6 million from $32.17 million in 2023. The company also reported a substantial 183% jump in operating losses, which reached $52.8 million compared to $18.6 million in the previous year. These figures have clearly dampened investor sentiment, leading to the continued sell-off.

Despite the current market reaction, Oklo's management remains optimistic about the company's future. CEO Jacob DeWitte highlighted recent developments, including the evolution of their powerhouse offering to scale up to 75 MW, a partnership with RPower on a gas-to-nuclear strategy, and expansion into radioisotope production through the acquisition of Atomic Alchemy. DeWitte also emphasized that Oklo is on track to deliver commercial power by the end of 2027, supported by a strong and growing customer pipeline. However, it seems that investors are currently focused on the company's financial performance rather than its long-term prospects.