What caused OKLO's net profit drop in 2023?

Oklo's net profit dropped by 32.17 million in 2023. The reasons for this drop can be analyzed from the following factors: 1. **Operating Expenses and Losses**: Oklo's net income statement shows a net operating loss of $32.17 million for 2023. This indicates that the company's operating expenses were significantly higher than its revenue during this period. 2. **Merger and Acquisition Activities**: Oklo's merger with AltC Acquisition Corp. may have incurred significant costs, such as legal fees, due diligence expenses, and restructuring charges, which could have negatively impacted its net profit. Additionally, the integration of the acquired company into Oklo's operations might have led to additional expenses and disruptions, affecting short-term profitability. In summary, Oklo's net profit drop in 2023 was likely a result of a combination of operating expenses and losses, and merger and acquisition activities. |code|Ticker|Name|Date|Free Cash Flow|Total Revenue|Net Income|market_code| |---|---|---|---|---|---|---|---| |OKLO|OKLO.N|Oklo|2023 Q1|2735941.106539||3090679|169| |OKLO|OKLO.N|Oklo|2023 Q2|2422727.73538||-4474829|169| |OKLO|OKLO.N|Oklo|2023 Q3|125116.832015||-8667956|169| |OKLO|OKLO.N|Oklo|2023 Q4|1124343.8496||-1.4321242E7|169|