Interesting : One year ago: $OKLO $9/share, $0 in revenue.

Today: $OKLO $175/share, still $0 in revenue.

True? Yes, broadly true, though with caveats.

What the data says -

Oklo currently reports zero revenue.

Historical revenue is also zero, i.e. Oklo has been “pre‐revenue” historically.

The company is unprofitable, with operating losses and net losses.

There is reporting that Oklo doesn’t expect to generate revenue until the future (e.g. 2027 or so).

The stock has risen dramatically, fueled not by revenue growth but investor expectations, narrative, funding, and future potential.

But, Zero revenue now doesn’t mean zero value — investors may be pricing in future growth, regulatory changes, contracts, or strategic positioning.

In actual fact, They haven’t yet operationalized a commercial Aurora reactor (i.e. one that is producing power for customers).

The reactor hasn’t reached criticality (i.e. been turned on).

The license(s) required for full commercial operation are pending.

The fuel fabrication steps are in planning/design and regulatory approval; not yet in mass deployment.