Shares of Oklo Inc. (NYSE: OKLO) tumbled 5.89% in pre-market trading on Tuesday following the release of the company's full-year 2024 financial results, which revealed a wider loss and raised concerns about future financial challenges.

The advanced nuclear technology company reported a net loss of $0.74 per share for 2024, compared to a loss of $0.47 per share in the previous year. This significant increase in losses has spooked investors, overshadowing some positive developments in the company's business update. In its SEC filing, Oklo stated that it expects to "incur significant expenses and continuing financial losses" in the near future, emphasizing its status as an early-stage company in the capital-intensive advanced nuclear technology sector.

Despite the negative financial outlook, Oklo did report some encouraging news. The company's cash used in operations for 2024 was $38.4 million, below the forecasted range of $40-50 million, suggesting some success in cost control measures. Additionally, Oklo announced progress in its regulatory pathway, engaging with the U.S. Nuclear Regulatory Commission in a pre-application readiness assessment for its Aurora powerhouse at Idaho National Laboratory. The company also appointed two new board members, Daniel Poneman and Michael Thompson, bringing extensive experience in the nuclear and technology financing sectors to strengthen its leadership team.

As Oklo continues to develop its fast fission power plants and advance nuclear fuel recycling technologies, investors will be closely watching the company's ability to manage costs and progress towards commercialization. The stock's sharp decline in pre-market trading highlights the challenges faced by firms in the emerging advanced nuclear technology sector, where significant investments are required before commercial operations can begin.