GOLETA, Calif., Dec. 10, 2025 (GLOBE NEWSWIRE) -- Aeluma, Inc. (NASDAQ: ALMU), a semiconductor company specializing in high-performance, scalable technologies for mobile, AI, defense and aerospace, robotics, automotive, AR/VR, and quantum computing, announced today that its CEO, Jonathan Klamkin, Ph.D., and CFO, Christopher Stewart, will participate in a fireside chat hosted by Benchmark Company semiconductor analyst David Williams on December 18, 2025 at 9:00 a.m. Pacific Time / 12:00 p.m. Eastern Time. To ...

Strengthens Aeluma’s Heterogeneous Integration Platform and Expands Intellectual Property Portfolio to 35 Issued and Pending PatentsGOLETA, Calif., Dec. 09, 2025 (GLOBE NEWSWIRE) -- Aeluma, Inc. (NASDAQ: ALMU), a semiconductor company specializing in high-performance, scalable technologies for mobile, AI, defense and aerospace, robotics, automotive, AR/VR, and quantum, announced today that it has filed a new patent application, expanding its intellectual property portfolio to 35 issued and pending patents. ...

GOLETA, Calif., Dec. 02, 2025 (GLOBE NEWSWIRE) -- Aeluma, Inc. (NASDAQ: ALMU), a semiconductor company specializing in high-performance, scalable technologies for mobile, AI, defense and aerospace, robotics, automotive, AR/VR, and quantum computing, today announced that its CEO Jonathan Klamkin, Ph.D., and CFO Christopher Stewart will participate in the Northland Growth Conference on December 16, 2025. The format will be virtual one-on-ones and small group meetings. For more information about this conferenc ...

Core Insights - Aeluma, Inc. (ALMU) is a micro-cap company in the semiconductor industry with a market capitalization of approximately $250 million, demonstrating strong alpha generation this year [1] Company Overview - Aeluma, Inc. is categorized as a micro-cap stock, indicating its smaller size relative to larger companies in the market [1] - The company has shown solid performance in terms of returns, outperforming the average returns of micro-cap stocks [1]

Core Insights - Aeluma, Inc. has joined the Midwest Microelectronics Consortium (MMEC) to enhance its role in the U.S. microelectronics sector, focusing on high-performance technologies for various applications including AI and defense [1][2] - The MMEC is part of the Microelectronics Commons, a national network aimed at transitioning critical technologies from research to domestic manufacturing, aligning with Aeluma's goals to address technology challenges in the semiconductor ecosystem [2] Company Overview - Aeluma specializes in scalable semiconductor photonics and electronic technologies, combining compound semiconductors with advanced manufacturing processes for mass market applications [3] - The company operates R&D and manufacturing facilities in Goleta, California, and collaborates with foundries and integration companies to support its production capabilities [3]

Financial Data and Key Metrics Changes - Revenue for Q1 Fiscal 2026 was $1.4 million, up from $481,000 a year ago and $1.3 million in the prior quarter [10] - GAAP net loss for the quarter was $1.5 million, or $0.09 per share, compared to a net loss of $730,000, or $0.06 per share in Q1 of last year [10] - Non-GAAP net loss was $437,000, or $0.03 per share, versus a net loss of $550,000, or $0.04 per share in the first quarter last year [11] - Cash and cash equivalents at the end of the quarter were $38.1 million, with no long-term debt [11] Business Line Data and Key Metrics Changes - The company is focusing on high-performance semiconductor photonics, including high-speed transceiver components and high-power quantum dot lasers [3][4] - A new contract with NASA was signed to leverage the scalable semiconductor platform for quantum applications [6] Market Data and Key Metrics Changes - The market for optical component technologies and AI infrastructure is projected to be several billion dollars within a few years [4] - Demand for semiconductors in U.S. markets is at an all-time high, with supply chain issues affecting traditional manufacturing processes [3] Company Strategy and Development Direction - Aeluma is transitioning to commercial-scale production of high-performance semiconductors to meet the growing demand for AI infrastructure [3] - The company aims to increase manufacturing readiness and has increased wafer fabrication levels at foundry partners nearly fivefold [7][8] - Strategic priorities include transitioning from R&D revenue to initial commercial product revenue [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growing demand for high-performance semiconductor technology in key target markets [15] - The company is focused on solidifying relationships with prospective customers and preparing for initial commercial product revenue during the fiscal year [27] Other Important Information - Aeluma completed an oversubscribed capital raise, strengthening its balance sheet and boosting cash to $38 million [6] - The company is actively recruiting to fill key roles in business development, manufacturing, and operations [8] Q&A Session Summary Question: Update on customer engagements - Management reported continued progress in defense, aerospace, and AI infrastructure engagements, with notable achievements including sample deliveries [20][21] Question: Timeline for standing up fabs - The timeline for volume production depends on specific volume and market vertical, but current capacity can support reasonable volumes in defense and aerospace [22][23] Question: Market size for transceiver components - Management highlighted growing interest in high-performance technology for higher-speed transceivers, with potential for good margins [24][25] Question: Timeline for design wins or qualifications - The goal is to achieve initial commercial product revenue during the fiscal year, with ongoing efforts to solidify customer relationships [26][28] Question: Balance sheet and cash flow position - Management believes the current cash position is sufficient to reach initial revenue, but future investments may be needed for rapid growth [29] Question: Impact of government shutdown - The government shutdown has caused some delays in contract execution, but it has not significantly impacted the company's operations [42][43] Question: Updates on fab relationships - No new fab partners were formally added, but the company has increased wafer runs at existing fabs [45]

Financial Data and Key Metrics Changes - For Q1 Fiscal Year 2026, revenue was reported at $1.4 million, a significant increase from $481,000 in the same quarter last year and slightly up from $1.3 million in the previous quarter [10] - GAAP net loss for the quarter was $1.5 million, or $0.09 per share, compared to a net loss of $730,000, or $0.06 per share in Q1 of last year [10] - Non-GAAP net loss was $437,000, or $0.03 per share, an improvement from a loss of $550,000, or $0.04 per share in the first quarter last year [11] - The company ended the quarter with $38.1 million in cash and cash equivalents, with no long-term debt [11] Business Line Data and Key Metrics Changes - The company has fast-tracked the transition to commercial-scale production of high-performance semiconductors, particularly for AI infrastructure [3][4] - Aeluma signed a new contract with NASA to leverage its scalable semiconductor platform for quantum applications, reflecting its dual-use technology approach [6] Market Data and Key Metrics Changes - The market for optical component technologies and AI infrastructure is projected to be several billion dollars within a few years, indicating strong growth potential [4] - Demand for semiconductors in the U.S. is at an all-time high, with supply chain issues affecting traditional manufacturing methods [4] Company Strategy and Development Direction - Aeluma aims to transition from R&D revenue to initial commercial product revenue, with a revenue expectation of $4 million to $6 million for fiscal 2026 [12][13] - The company is focusing on increasing manufacturing readiness and has increased wafer fabrication levels at foundry partners nearly fivefold [8] - Aeluma is strategically selective in bidding on projects that align with its commercial target markets, particularly in defense, aerospace, and AI infrastructure [13][41] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growing demand for high-performance semiconductor technology and the company's ability to deliver at scale [15] - The company is preparing for a transition to commercialization, with a focus on solidifying relationships with prospective customers and delivering samples for evaluation [27][28] Other Important Information - Aeluma completed an oversubscribed capital raise, boosting its cash position to $38 million and strengthening its no-debt balance sheet [5] - The company is actively recruiting key personnel to support its growth initiatives and manufacturing readiness [8] Q&A Session Summary Question: Update on customer engagements - Management reported continued progress in defense, aerospace, and AI infrastructure engagements, with notable achievements including sample deliveries and custom work [20][21] Question: Timeline for standing up fabs - The timeline for volume production depends on specific market verticals, but the company is currently running more wafers through fab partners and can support reasonable volumes for defense and aerospace [22][23] Question: Market sizing for transceiver components - Management highlighted strong interest in high-performance technology for higher-speed transceivers, with potential for good margins in this market [24][25] Question: Timeline for design wins or qualifications - The goal is to achieve initial commercial product revenue during the fiscal year, with ongoing efforts to solidify customer relationships and deliver samples [26][28] Question: Cash flow position - Management believes the current cash position is sufficient to reach initial revenue, but future investments may be needed to support rapid growth [29] Question: Impact of government shutdown - The government shutdown has caused some delays in contract execution, but it has not significantly impacted the company's reliance on government funding [42][43] Question: Updates on fab relationships - No new fab partners were formally added, but the company has increased wafer runs at existing fabs and is working on supply chain integration [45][46]

Financial Data and Key Metrics Changes - For Q1 fiscal 2026, revenue was reported at $1.4 million, a significant increase from $481,000 in the same quarter last year and slightly up from $1.3 million in the previous quarter [10] - GAAP net loss for the quarter was $1.5 million, or $0.09 per share, compared to a net loss of $730,000, or $0.06 per share in Q1 of last year [10] - Non-GAAP net loss was $437,000, or $0.03 per share, an improvement from a loss of $550,000, or $0.04 per share in the first quarter last year [11] - The company ended the quarter with $38.1 million in cash and cash equivalents, with no long-term debt [11] Business Line Data and Key Metrics Changes - The company has seen continued revenue growth from government and commercial contracts, reflecting a solid quarter [10] - Aeluma signed a new contract with NASA, leveraging its scalable semiconductor platform for quantum applications, indicating a focus on dual-use technology [6][12] Market Data and Key Metrics Changes - The market for optical component technologies and AI infrastructure is projected to be several billion dollars within a few years, highlighting significant growth potential [5] - Demand for semiconductors in the U.S. is at an all-time high, with supply chain issues affecting traditional manufacturing methods [5] Company Strategy and Development Direction - Aeluma is fast-tracking the transition to commercial-scale production of high-performance semiconductors, focusing on optical interconnects and AI infrastructure [4] - The company aims to transition from R&D revenue to initial commercial product revenue, with a revenue expectation of $4 million to $6 million for fiscal 2026 [12] - Aeluma is strategically selective in bidding on projects that align with its commercial target markets, focusing on larger-scale opportunities [42] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to meet growing demand for high-performance semiconductor components, particularly in AI and defense sectors [9] - The company is preparing for a significant inflection point in the semiconductor industry, with plans to increase spending on growth initiatives [13] Other Important Information - Aeluma completed an oversubscribed capital raise, strengthening its balance sheet and boosting cash reserves to $38 million [6] - The company has increased wafer fabrication levels at its foundry partners nearly fivefold, enhancing manufacturing readiness [8] Q&A Session Summary Question: Update on customer engagements - Management reported continued progress in defense, aerospace, and AI infrastructure engagements, with notable achievements in sample deliveries and custom work [20] Question: Timeline for volume production readiness - Management indicated that the timeline for volume production depends on specific market verticals and qualification requirements, but they are currently capable of supporting reasonable volumes [22] Question: Market size for transceiver components - Management highlighted growing interest in high-performance technology for higher-speed transceivers, with potential for good margins in this market [24] Question: Transition to commercialization - The goal is to achieve initial commercial product revenue during the fiscal year, with ongoing efforts to solidify customer relationships and deliver samples [28] Question: Impact of government shutdown - Management acknowledged some delays in contract execution due to the government shutdown but emphasized that it has not significantly impacted their operations [44] Question: Update on fab relationships - While no new fab partners were formally added, the company has increased the number of runs at existing fabs and is working on supply chain integration [47]

Financial Performance - Revenue for the three months ended September 30, 2025, increased by $904 thousand, or 187.9%, to $1.4 million, with $1.34 million from government contracts[97] - Operating expenses rose by $1.8 million, or 146.9%, to $3.0 million for the same period, primarily due to increased material purchases and higher compensation costs[98] - Net loss for the three months ended September 30, 2025, was $1.5 million, compared to a net loss of $730 thousand for the same period in 2024, reflecting a 104.3% increase in losses[97] - Cash, cash equivalents, and certificates of deposit totaled $38.1 million as of September 30, 2025, up from $15.7 million as of June 30, 2025, primarily due to net proceeds from public offerings[101] - Working capital increased to $39.5 million as of September 30, 2025, compared to $16.6 million as of June 30, 2025, driven by a $22.9 million increase in current assets[105] - Net cash provided by financing activities was $23.4 million for the three months ended September 30, 2025, compared to $3.1 million for the same period in 2024[109] - Net cash used in operating activities decreased by 12.5% to $815 thousand for the three months ended September 30, 2025, from $931 thousand in 2024[107] Funding and Contracts - Aeluma raised gross proceeds of $13.8 million from a public offering on March 26, 2025, and $25.4 million from a public offering on September 22, 2025[80][89] - Aeluma received a contract with NASA in September 2025 to develop next-generation quantum computing and sensing systems, which could accelerate commercialization efforts[68] - Aeluma's contract with the U.S. Navy in June 2025 is valued at up to $1.3 million for developing high-speed photodetectors for government and commercial applications[70] - Aeluma's September 2025 public offering included a 30-day option for underwriters to purchase an additional 255,000 shares, which was exercised in full[82] - The net proceeds from the September offering are intended for business development, scaling manufacturing operations, and general corporate purposes[84] Technology and Operations - The company operates in a 9,000 sq. ft. facility with state-of-the-art R&D and manufacturing capabilities, and has commenced a new five-year lease to support anticipated growth[65] - Aeluma's technology targets various applications including mobile, automotive, AI, defense, and quantum computing, with a focus on scalable and cost-effective semiconductor solutions[66] - The company has extensive patent protection and trade secrets related to its materials and manufacturing technology, enhancing its competitive position in the market[65] - Aeluma's technology is based on heterogeneous integration of compound semiconductor materials, enabling large-scale manufacturing suited for mass markets[87] - The company has generated revenue through various customer and government contracts, including small-volume orders and R&D projects, while continuing to expand its business development efforts[88] Future Outlook - The company intends to use net proceeds from offerings to support operational growth, product development, and general corporate purposes[103] - The company has alleviated substantial doubt about its ability to continue as a going concern for at least the next twelve months following successful public offerings[102] - The company may pursue additional financing opportunities to support long-term growth initiatives or respond to market changes[104]

Financial Performance - Aeluma reported revenue of $1.4 million for Q1 2026, a significant increase from $481 thousand in Q1 2024 and $1.3 million in Q4 2025[6] - GAAP net loss for the quarter was $1.5 million, or ($0.09) per share, compared to a net loss of $730 thousand, or ($0.06) per share, in the same period last year[6] - Adjusted EBITDA loss was $450 thousand, slightly improved from a loss of $457 thousand in Q1 2024[6] - Net loss for the three months ended September 30, 2025, was $1,493,000, compared to a net loss of $730,000 in the same period of 2024[22] - Stock-based compensation expense increased to $1,056,000 from $167,000 year-over-year[22] - Net cash used in operating activities decreased to $815,000 from $931,000 year-over-year[22] - Net cash used in investing activities was $210,000, up from $2,000 in the previous year[22] - Cash and cash equivalents at the end of the period totaled $38,147,000, compared to $3,503,000 at the end of the previous year[22] - The company reported a net change in cash and cash equivalents of $22,407,000 during the period[22] Cash Position - The company closed Q1 2026 with $38 million in cash and no long-term debt, compared to $15.7 million as of June 30, 2025[6] - Proceeds from public offering, net of offering costs, amounted to $23,385,000[22] - Right of use asset obtained in exchange for lease liability was valued at $274,000[22] Business Development and R&D - Aeluma expects full fiscal year 2026 revenue to be in the range of $4.0 million to $6.0 million[7] - The company initiated a new R&D contract with NASA to develop low size, weight, and power quantum systems for space applications[6] - Aeluma increased outsourced wafer fabrication activities nearly five-fold to enhance manufacturing readiness[6] - The company filed two nonprovisional patent applications, bringing the total issued and pending patents to 34[6] - Aeluma plans to expand its business development and go-to-market team, focusing on defense, aerospace, and AI infrastructure[10] - The company aims to secure three to seven new development contracts to support R&D investments and partnership growth[10]