Aeluma(NASDAQ) ALMU

Aeluma, Inc. makes chips that help machines see. These sensors power tools like self-driving cars and data networks. The technology helps commercial businesses and government agencies solve imaging problems.

Better Chips for Faster Machines

• Photodetectors: Sensors that capture infrared light for 3D mapping and imaging in mobile and industrial devices.
• Quantum Dot Lasers: Light sources designed for high-speed AI data centers to improve power and reliability.
• Nonlinear Photonics: Materials that manipulate light for advanced quantum computing and secure communication systems.
• Heterogeneous Integration: Platform combining specialized semiconductor materials with standard silicon wafers to lower manufacturing costs.

The Path to Commercial Scale

• Established partnerships with Tower Semiconductor and Sumitomo Chemical Advanced Technologies in fiscal year 2026 for wafer production.
• Signed a letter of intent for up to $30 million in proposed funding under the CHIPS Act.
• Secured six new government contracts in fiscal year 2026, including agreements with NASA and the U.S. Navy.
• Expanded internal testing capabilities in fiscal year 2026 by acquiring automated wafer probers and prototyping equipment.
• Extended the lease on its principal manufacturing and research facility through March 2031 to support future growth.

Innovation Without High Factory Costs

Aeluma uses a manufacturing model that keeps specialized research internal while hiring large external factories for mass production. This strategy allows the company to access large-scale infrastructure without the massive expense of building its own factories.

Measuring Progress by the Numbers

• Total revenue was $4.5 million for the fiscal year ended June 30, 2026, down 4% year over year.
• Net loss was $9.2 million for the fiscal year ended June 30, 2026, up 203% year over year.
• Cash, cash equivalents, and certificates of deposit reached $56.0 million as of June 30, 2026.
• Operating expenses hit $14.6 million for the fiscal year ended June 30, 2026, up 115% year over year.

Evolution From Lab to Market

Aeluma is transitioning from a research-focused business into a commercial provider of advanced optical chips. Its future success depends on moving from government development projects to high-volume manufacturing for AI and consumer markets.