Why did OKLO's operating profit plummet in Q4 2024?

Oklo's operating profit plummeted in Q4 2024 due to several key factors:

1. **Increase in Operating Expenses**: The most significant factor contributing to the decrease in operating income was the rise in operating expenses. Oklo's operating expenses for the quarter were $12,281,088, up from $4,663,795 in the previous year. This increase is primarily attributed to higher research and development costs and general and administrative expenses.
2. **Higher Research and Development Costs**: Research and development expenses rose to $5,049,070 from $1,707,457, driven by increased payroll and employee benefits, professional services, and stock-based compensation.
3. **Increased General and Administrative Expenses**: General and administrative expenses increased to $7,232,018 from $2,956,338, mainly due to higher payroll and employee benefits, professional services, and stock-based compensation.
4. **Net Loss Increase**: Oklo reported a net loss of $9,959,165 for the quarter ended September 30, 2024, compared to $8,667,956 in the same quarter the previous year. This increase in net loss is a result of the rise in operating expenses and other factors.

In summary, Oklo's operating profit plummeted in Q4 2024 due to a significant increase in operating expenses, including research and development costs, general and administrative expenses, and net loss.