Aeluma, Inc. has reported significant financial growth in its latest 10-K filing for the fiscal year ending June 30, 2025. The company generated revenue of $4.7 million, a substantial increase of 407.9% compared to $919,000 in the previous fiscal year. This growth was primarily driven by government contracts, which accounted for approximately $4.4 million of total revenue, while commercial product and service contracts contributed $266,000. Despite the increase in revenue, Aeluma reported a net loss of $3.0 million, a 33.8% improvement from the $4.6 million loss recorded in the prior year.
The company has made notable strides in its operational and strategic developments. Aeluma secured several government contracts, including an $11.7 million agreement with DARPA for the development of nano-scale semiconductor technology and a contract with NASA for quantum dot photonic integrated circuits. These contracts are expected to enhance Aeluma's capabilities in high-performance semiconductor applications across various sectors, including aerospace, AI, and mobile devices. Additionally, Aeluma's employee headcount stood at 12 full-time employees and two part-time employees as of June 30, 2025, with plans for further hiring to support its growth.
Aeluma's operational metrics indicate a strong focus on scaling its manufacturing capabilities. The company operates from a 9,000 sq. ft. facility in Goleta, California, equipped with advanced R&D and manufacturing cleanroom technologies. The firm has also filed a shelf registration statement with the SEC, allowing it to raise up to $100 million through future securities offerings, which could provide additional capital for expansion and product development. As of June 30, 2025, Aeluma reported cash and cash equivalents totaling $15.7 million, a significant increase from $1.3 million the previous year, primarily due to the successful public offering that raised $12.6 million in net proceeds.
Looking ahead, Aeluma aims to leverage its innovative semiconductor technology to penetrate mass markets, particularly in mobile, automotive, and AI sectors. The company plans to continue its focus on product development and commercialization while managing operational costs effectively. However, Aeluma acknowledges the inherent risks associated with being an early-stage company, including reliance on a limited number of customers and the potential for ongoing losses. The management remains optimistic about the future, citing the successful completion of its public offering and the alleviation of previous concerns regarding its ability to continue as a going concern.
About Aeluma, Inc.
Aeluma, Inc. develops high-performance compound semiconductor photodetectors and photodetector arrays using proprietary heterogeneous integration on large-diameter substrates. Its technology enables cost-effective manufacturing for imaging, sensing, communication, and computing applications across markets including mobile, automotive, AI, defense, aerospace, AR/VR, and quantum computing. Operating from California, Aeluma combines in-house R&D with partnerships for scalable production, leveraging extensive intellectual property to offer advanced, lower-cost semiconductor solutions for mass-market adoption.
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