Aeluma Inc(ALMU) - 2026 Q1 - Quarterly Results

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]