Financial Data and Key Metrics Changes - Revenue for Q2 fiscal 2026 was $1.3 million, down from $1.6 million in Q2 fiscal 2025 and $1.4 million in Q1 fiscal 2026 [13] - GAAP net loss for the quarter 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 prior year, and a net loss of $1.5 million, or $0.09 per share in the previous quarter [15] - Adjusted EBITDA loss for the quarter was $917,000, compared to a gain of $647,000 in the same period last year and a loss of $450,000 in Q1 fiscal 2026 [16] - The company closed the quarter with $38.6 million in cash and cash equivalents, an increase of $425,000 from the previous quarter [16] Business Line Data and Key Metrics Changes - Government R&D contracts were the principal source of revenue for the quarter, providing non-dilutive funding for R&D investments [14] - The company is witnessing a shift in customer conversations from interest and evaluation to pricing and planning, indicating progress in commercialization [6] Market Data and Key Metrics Changes - The top four hyperscalers invested over $300 billion in data center CapEx in 2025, expected to surpass $1 trillion by 2029, presenting a significant market opportunity [4] - The mobile market is preparing to adopt short-wave infrared (SWIR) sensors, with Aeluma's manufacturing platform enabling the necessary scale for mass markets [5] Company Strategy and Development Direction - Aeluma is focused on three primary near-term target markets: data centers, mobile, and defense, with ongoing activities across each [5] - The company aims to capitalize on its progress and the growing market horizon while pursuing strategic opportunities to accelerate commercialization [12] - Aeluma's technology is positioned to provide scalable quantum photonic systems, with a focus on integrating highly nonlinear materials on large substrates [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the momentum building within the company, emphasizing the importance of converting this momentum into customer programs and transitioning to commercialization [19] - The company is actively pursuing strategic government programs that can accelerate commercialization opportunities [14] Other Important Information - Aeluma has expanded its patent portfolio to 35 issued and pending patents, enhancing its competitive advantage [11] - The company has appointed Bouch Nassar as Senior Vice President of Business Development and Product, expected to accelerate the go-to-market strategy [7] Q&A Session Summary Question: What are the end markets that you're getting sales orders for? - Management indicated that sales orders are coming from multiple markets including mobile, AI, data centers, and defense, but specific customer or product information is not being disclosed at this time [22] Question: Is this for receiving or operations or routing or sending of photons? - The current work is primarily focused on generating photons, with interest in building a comprehensive platform for photon management [23] Question: Can you provide more details on the magnitude of customer engagement? - Management noted that the increase in requests for quotations is a positive sign, indicating growing interest in their technology [28] Question: Can you discuss the adoption timeline for SWIR in mobile applications? - While a specific timeline cannot be provided, management noted that the mobile industry is gearing up to adopt SWIR technology for future products [30] Question: What strategic opportunities are being pursued for commercialization? - Management is exploring various pathways to market, including licensing deals and partnerships with supply chain partners [34]

Financial Data and Key Metrics Changes - Revenue for Q2 2026 was $1.3 million, down from $1.6 million in Q2 2025 and $1.4 million in Q1 2026, primarily driven by government R&D contracts [13] - GAAP net loss for the quarter 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 prior year, and a net loss of $1.5 million, or $0.09 per share in the previous quarter [14] - Adjusted EBITDA loss was $917,000, compared to a gain of $647,000 in the same period last year and a loss of $450,000 in Q1 2026 [16] - The company ended the quarter with $38.6 million in cash and cash equivalents, an increase of $425,000 from the previous quarter [16] Business Line Data and Key Metrics Changes - Government R&D contracts were the principal source of revenue, providing non-dilutive funding for R&D investments [13] - The company is witnessing a shift in customer conversations from interest to pricing and planning, indicating a transition towards commercialization [6] Market Data and Key Metrics Changes - The top four hyperscalers invested over $300 billion in data center CapEx in 2025, expected to surpass $1 trillion by 2029, presenting significant market opportunities [4] - Aeluma is targeting three primary markets: data centers, mobile, and defense, with increasing activities across all [5] Company Strategy and Development Direction - Aeluma aims to capitalize on the growing market horizon and pursue strategic opportunities to accelerate commercialization [12] - The company is focused on strengthening its technical foundation and expanding operations to scale [19] - Aeluma's technology is positioned to address AI hardware, electronic warfare, quantum, and infrared sensing, aligning with the Department of Defense's Microelectronics Commons [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the momentum building within the company and the increasing visibility and engagement translating into opportunities [12] - The company remains focused on converting momentum into customer programs and transitioning to commercialization [19] Other Important Information - Aeluma appointed Bouch Nessar as Senior Vice President of Business Development and Product, expected to accelerate the go-to-market strategy [6] - The company expanded its patent portfolio to 35 issued and pending patents, enhancing its competitive advantage [11] Q&A Session Summary Question: What are the end markets that you're getting sales orders for? - The company is not sharing specific customer or product information but noted that initial sales orders are small in value and represent a step towards broader market adoption [21] Question: Is the quantum photonics work primarily for generating, routing, or sending photons? - The near-term focus is on generating photons, with interest in building a platform for various photon-related functions [23] Question: Can you provide more details on the magnitude of customer engagement for sales orders? - Sales orders are coming from multiple markets including mobile, AI, data centers, and defense, indicating a growing interest in Aeluma's technology [28] Question: Can you discuss the timeline for SWIR adoption in mobile applications? - The mobile industry is gearing up to adopt SWIR technology, but specific timelines cannot be commented on at this moment [31] Question: What strategic opportunities is the company pursuing for commercialization? - Aeluma is exploring various paths to market, including manufacturing partnerships and licensing, to enable market adoption across different sectors [35]