Aeluma Reports Q1 Revenue of $1.2M, Nine-Month Revenue Growth of 16% to $3.9M

Aeluma, Inc. reported its financial results for the three and nine months ended March 31, 2026, revealing a revenue of $1.2 million for the quarter, a slight decrease from $1.3 million in the same period last year. For the nine-month period, revenue increased by 16% to $3.9 million, compared to $3.3 million in the prior year. The growth in revenue was primarily driven by government contracts, which accounted for $3.8 million of total revenue for the nine months ended March 31, 2026. However, the company also reported a net loss of $1.8 million for the quarter and $5.1 million for the nine months, reflecting a significant increase in operating expenses, which rose to $9.7 million from $4.5 million year-over-year.

The increase in operating expenses was attributed to higher material purchases and increased compensation costs associated with new hires aimed at supporting the company's expansion. Aeluma's total assets as of March 31, 2026, reached $42.5 million, a substantial increase from $19.4 million at the end of the previous fiscal year, largely due to a rise in cash and cash equivalents to $37.8 million from $3.6 million. This increase was primarily fueled by net proceeds from public offerings, which totaled $23.4 million.

In terms of strategic developments, Aeluma has made significant strides in expanding its government contract portfolio, securing new contracts with agencies such as NASA and the U.S. Department of Defense. The company also completed two public offerings in 2025, raising a total of $36 million, which has bolstered its working capital and operational capabilities. Additionally, Aeluma has entered into a sales agreement to potentially raise up to $50 million through an at-the-market offering program, although no shares have been sold under this agreement as of the reporting date.

Operationally, Aeluma has increased its employee headcount to support its growth initiatives, adding eight new personnel since the last fiscal quarter. The company continues to focus on its core technology, which involves the development of high-performance semiconductor materials and devices for various applications, including mobile and automotive sectors. As of March 31, 2026, Aeluma reported a total of 18.1 million shares outstanding, reflecting an increase from 15.9 million shares a year earlier.

Looking ahead, Aeluma aims to leverage its recent funding and strategic partnerships to enhance its product development and market reach. The company plans to continue its focus on research and development, with an emphasis on scaling its manufacturing capabilities to meet the growing demand for high-performance semiconductors. Management remains optimistic about future growth opportunities, particularly in government contracts and commercial product sales, as it navigates the challenges typical of a development-stage company.