GOLETA, Calif. — November 12, 2025 — Leads & Copy — Aeluma, Inc. (NASDAQ: ALMU), a semiconductor company specializing in high-performance and scalable technologies, has released its financial results for the first quarter of fiscal year 2026, which ended September 30, 2025.
Jonathan Klamkin, Ph.D., Founder and CEO of Aeluma, stated that the company had another strong quarter executing on its strategic priorities, including bolstering its balance sheet with a capital raise to accelerate growth, adding key talent, increasing manufacturing readiness, and advancing toward commercialization. Klamkin added that the company also initiated a new contract with NASA, met several milestones for existing contracts, and made continued progress on customer engagements. The CEO noted that the rapid acceleration of AI is driving unprecedented demand for optical component technologies, and the company is uncovering greater opportunity aligned with its offerings and product roadmap. As the company progresses in fiscal 2026 with a solid financial position and positive trends in its target market verticals, its focus is on executing its go-to-market strategy to drive long-term shareholder value.
Key highlights from the recent report include:
Strong Financial Position: Aeluma closed fiscal Q1 2026 with $38 million in cash and no long-term debt.
New Contract with NASA: The company executed a new R&D contract related to quantum. This new contract will leverage Aeluma’s scalable semiconductor platform to provide a path to low size, weight, and power quantum systems for space applications.
Increased Manufacturing Readiness: The company increased outsourced wafer fabrication activities nearly five-fold and acquired key equipment assets to increase in-house test and validation capacity for qualifying outsourced wafer production processes.
New Hires: Aeluma attracted experienced professionals to fill key manufacturing and engineering positions, including Director of Supply Chain Manufacturing and Director of Technology Enablement.
Intellectual Property: The company recently filed two nonprovisional patent applications for core innovations, one related to scalable, large-diameter wafer manufacturing for photonic components, and the other to large-format imaging sensors, bringing the total issued and pending patents to 34.
Key financial results from the report include:
Revenue was $1.4 million compared to $481 thousand in the first quarter of 2024, and $1.3 million in the fourth quarter of 2025. Revenue in the quarter was primarily from R&D contracts.
GAAP net loss was $1.5 million, or ($0.09) per basic and diluted share, compared to a net loss of $730 thousand, or ($0.06) per basic and diluted share, for the same period last year, and a net loss of $859 thousand, or ($0.05) per basic and diluted share, in the prior quarter.
Adjusted EBITDA loss was $450 thousand, compared to a loss of $457 thousand in the same period last year, and a loss of $113 thousand in the prior quarter.
Cash and cash equivalents totaled $38.1 million at September 30, 2025, compared to $15.7 million as of June 30, 2025.
Aeluma continues to expect revenue in a range of $4.0 million to $6.0 million for the full fiscal year 2026. The company’s strategic priorities for 2026 include:
- New Contract Wins: Three to seven new development contracts
- Team Expansion: Growth of business development and go-to-market team, technical leadership and staff, and operations team
- Enhanced Manufacturing Readiness: Higher levels of outsourced wafer manufacturing productivity, expanded test and validation capabilities, technology qualification for targeted industries, and expanded supply chain partnerships
- Go-to-Market Traction: Continued progress on opportunities in target commercial markets and increasing the number of customer engagements in the pipeline. Immediate near-term focus on defense and aerospace, and photonics for AI infrastructure driving our product roadmap
Aeluma will host a conference call at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time on November 12, 2025, to discuss the Company’s financial results and business outlook. Interested participants may access the conference the call by dialing (877) 317-6789 (domestic) or (412) 317-6789 (international) and referencing “Aeluma.” A live webcast of the call will be available on the “Investors” section of Aeluma’s website and can be accessed by clicking here.
This press release includes and makes reference to certain non-GAAP financial measures. The presentation of this financial information is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. Aeluma believes that the presentation of non-GAAP financial measures provides important supplemental information to management and investors regarding financial and business trends relating to the Company’s financial condition and results of operations. Aeluma believes that these non-GAAP financial measures provide additional insight into Aeluma’s ongoing performance and core operational activities and has chosen to provide these measures for more consistent and meaningful comparison between periods.
Investor Contact:
Financial Profiles, Inc.
Moira Conlon & Tony Rossi
(310) 622-8221
ir@aeluma.com
Source: Aeluma, Inc.
