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]

Core Insights - Aeluma, Inc. reported strong execution on strategic priorities, including a capital raise, talent acquisition, and advancements in manufacturing readiness, positioning the company for future growth in the semiconductor industry driven by AI demand [2][5]. Financial Performance - For Q1 fiscal 2026, Aeluma generated revenue of $1.4 million, a significant increase from $481 thousand in Q1 2024 and $1.3 million in Q4 2025, primarily from R&D contracts [5]. - The 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 [5][18]. - Cash and cash equivalents totaled $38.1 million at the end of Q1 2026, up from $15.7 million as of June 30, 2025 [5]. Strategic Initiatives - Aeluma's strategic priorities for fiscal 2026 include maintaining a strong financial position with $38 million in cash and no long-term debt, executing a new R&D contract with NASA, and increasing manufacturing readiness through expanded outsourced wafer fabrication activities [5][11]. - The company has filed two new patent applications, bringing the total to 34 issued and pending patents, focusing on scalable wafer manufacturing and large-format imaging sensors [5]. Market Opportunities - The rapid acceleration of AI is creating unprecedented demand for optical component technologies, aligning with Aeluma's product roadmap and go-to-market strategy [2][11]. - Aeluma is focusing on defense, aerospace, and photonics for AI infrastructure as immediate target markets [11].

Core Insights - Aeluma, Inc. has been awarded the 2025 LEAP Award from Design World for its Wafer-Scale SWIR Photodetector Platform, recognizing its innovative semiconductor technology [1][2] Company Overview - Aeluma, Inc. is a semiconductor company focused on high-performance, scalable technologies applicable in various sectors including mobile, AI, defense, aerospace, robotics, automotive, AR/VR, and quantum computing [1][3] - The company combines compound semiconductors with scalable manufacturing processes to enable mass-market microelectronics and large-scale integration [3] Technology and Market Position - The Wafer-Scale SWIR Photodetector Platform offers significant performance advantages over competing technologies, particularly in shortwave infrared (SWIR) sensing, which is gaining traction in large-volume markets [2] - Aeluma's technology is positioned to facilitate mass-market adoption due to its combination of best-in-class SWIR sensing materials and scalable manufacturing capabilities [2]

Core Viewpoint - Aeluma, Inc. is set to release its financial results for the first quarter of fiscal 2026 on November 12, 2025, after market close, highlighting its ongoing commitment to transparency and investor engagement [1]. Company Overview - Aeluma, Inc. (NASDAQ: ALMU) is a semiconductor company focused on high-performance, scalable technologies applicable in various sectors including mobile, AI, defense, aerospace, robotics, automotive, AR/VR, and quantum computing [4]. - The company utilizes a proprietary platform that integrates compound semiconductors with scalable manufacturing processes, enabling mass production and large-scale integration of microelectronics [4]. - Aeluma is headquartered in Goleta, California, and boasts advanced R&D and manufacturing capabilities for semiconductor wafer production, quick-turn chip fabrication, rapid prototyping, and testing [4]. Financial Communication - Aeluma will host a conference call on the same day as the financial results announcement at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time to discuss the results and business outlook [2]. - Participants can join the call via specific domestic and international phone numbers, ensuring accessibility for a wide audience [2]. - A live webcast of the call will be available on Aeluma's website, with a replay accessible shortly after the call concludes [3].

Core Insights - Aeluma, Inc. has acquired significant capital equipment assets to enhance its prototyping and wafer-scale test capabilities, supporting its go-to-market strategy [1][2] - The acquisition includes advanced automated and semi-automated wafer probers, backend packaging and prototyping equipment, and test and validation instruments, which are essential for accelerating the company's manufacturing processes [2] Company Overview - Aeluma, Inc. specializes in high-performance photonic and electronic technologies, focusing on scalable manufacturing for mass market microelectronics [3] - The company's technology serves various applications, including mobile, AI, defense and aerospace, robotics, automotive, AR/VR, and quantum computing [3] - Aeluma operates state-of-the-art R&D and manufacturing facilities for semiconductor wafer production and rapid prototyping [3]

Core Insights - Aeluma, Inc. announced the acceptance of a technical paper on its scalable photonics platform for quantum computing at SPIE Photonics West, scheduled for January 17-22, 2026 [1][2] - The company will showcase its innovations at Booth 133 during the exhibition, focusing on advancements in sensing, communication, and AI infrastructure [1][2] Company Overview - Aeluma, Inc. is a semiconductor company specializing in high-performance photonic and electronic technologies, with applications in mobile, AI, defense, aerospace, robotics, automotive, AR/VR, and quantum computing [4] - The company combines compound semiconductors with scalable manufacturing for mass market microelectronics, enabling volume production and large-scale integration [4] - Aeluma is headquartered in Goleta, California, and operates advanced R&D and manufacturing capabilities for semiconductor wafer production, chip fabrication, rapid prototyping, and testing [4]

Market Overview - U.S. stock futures are lower, with Dow futures dropping over 200 points on Friday [1] Company-Specific Movements - Bitfarms Ltd (NASDAQ:BITF) shares fell 9.5% to $4.78 in pre-market trading after announcing the pricing of upsized $500 million convertible senior notes [1] - American Battery Technology Co (NASDAQ:ABAT) shares tumbled 19.8% to $4.55 in pre-market trading, following a 37% decline on Thursday due to the termination of a Department of Energy grant [3] - HIVE Digital Technologies Ltd (NASDAQ:HIVE) shares dipped 18.2% to $4.78 in pre-market trading after a 14% decline on Thursday [3] - Standard Lithium Ltd (NYSE:SLI) shares declined 17.3% to $4.45 in pre-market trading after pricing a $130 million underwritten public offering [3] - Almonty Industries Inc (NASDAQ:ALM) slipped 16.4% to $7.11 in pre-market trading after a 12% dip on Thursday [3] - Mesoblast Ltd (NASDAQ:MESO) declined 13.7% to $15.63 in pre-market trading [3] - Jumia Technologies AG – ADR (NYSE:JMIA) shares fell 13.2% to $10.31 in pre-market trading [3] - Terawulf Inc (NASDAQ:WULF) shares fell 13.1% to $12.05 after reporting the pricing of $3.2 billion of senior secured notes [3] - Diginex Ltd (NASDAQ:DGNX) shares slipped 13.1% to $14.45 after an 18% decline on Thursday [3] - Aeluma Inc (NASDAQ:ALMU) shares fell 12.1% to $16.46 in pre-market trading [3] - Compass Diversified Holdings (NYSE:CODI) declined 11.7% to $6.60 in pre-market trading after an 8% gain on Thursday [3] - Integra Resources Corp (NYSE:ITRG) fell 11.3% to $2.89 in pre-market trading [3] - Forward Industries Inc (NASDAQ:FORD) fell 10.8% to $22.00 in pre-market trading [3] - Bruker Corp (NASDAQ:BRKR) declined 10.3% to $34.25 in pre-market trading [3] - Inter & Co Inc (NASDAQ:INTR) fell 10% to $8.04 in pre-market trading [3] - Hut 8 Corp (NASDAQ:HUT) fell 8.5% to $44.59 in pre-market trading after a 10% dip on Thursday [3] - Bitdeer Technologies Group (NASDAQ:BTDR) fell 8.2% to $23.75 in pre-market trading [3] - CleanSpark Inc (NASDAQ:CLSK) fell 7.5% to $18.49 in pre-market trading [3] - Kratos Defense & Security Solutions Inc (NASDAQ:KTOS) fell 5.3% to $83.96 in pre-market trading [3]