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].