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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Gross Profit | -7.1M | 0% |
| Cost of Revenue | 7.1M | 0% |
| Operating expense | 18M | 1646.6% |
| Net Income | -29M | 22.2% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 299M | 2.9% |
| Total Liabilities | 30M | 156.5% |
| Total Equity | 269M | 570.2% |
| Shares Outstanding | 122M | 183.3% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | -16M | 1210.7% |
EPS
Financial Highlights for Oklo in Q2 '24
Gross Profit stood at -7.1M, marking a 0% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 7.1M, a 0% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 18M, showing a 1646.6% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -29M, showing a -22.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
Oklo faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
