Aeluma announced the appointment of Bouch Nassar as senior vice president of business development and product. Klamkin said Nassar brings decades of experience in semiconductor photonics and has held roles spanning sales and product leadership, including at JDS Uniphase/Lumentum, as well as leadership positions at SCD USA and Princeton Lightwave. Klamkin said the hire aligns with Aeluma’s stage of development as it receives an increasing number of requests for quotation and has begun taking sales orders.Whi ...

Core Viewpoint - Aeluma, Inc. is making significant progress towards commercialization of its semiconductor technologies, with increasing market engagement and a growing intellectual property portfolio [2][5][10]. Financial Performance - Revenue for Q2 2026 was $1.3 million, a decrease from $1.6 million in Q2 2025 and $1.4 million in Q1 2026, primarily driven by R&D contracts [10][17]. - GAAP net loss was $1.9 million, or ($0.11) per share, compared to a net loss of $2.9 million, or ($0.24) per share, in the same period last year [10][22]. - Cash and cash equivalents totaled $38.6 million as of December 31, 2025, up from $15.7 million at June 30, 2025 [10][21]. Strategic Initiatives - The company has ramped up engagements with foundry partners and is pleased with the performance and yield of wafers being tested [2][5]. - Aeluma has expanded its intellectual property portfolio to 35 issued and pending patents, with a focus on large-scale manufacturing of high-performance semiconductors [2][6]. - The company has received new contracts, including a NASA contract for quantum technology and a contract from RFSUNY for silicon photonics laser integration [4][5]. Market Engagement - Aeluma is experiencing increased interest in its scalable semiconductor platform across various sectors, including mobile, data centers, and defense [2][5]. - The company has strengthened relationships with manufacturing partners to accelerate production readiness [5][10]. - Aeluma's visibility in the market was enhanced through participation in industry conferences, showcasing its technology and engaging with potential customers [5][6]. Team Expansion - The appointment of Bouchaib (Bouch) Nessar as Senior Vice President of Business Development and Product is aimed at accelerating the go-to-market strategy [2][5]. - The company has expanded its business development and technical teams to support growth and operational scaling [10][22].