Aeluma Reports $1.25 Million Revenue Growth and $12.59 Million Public Offering

Aeluma, Inc. reported significant financial growth in its latest 10-Q filing for the quarter ending March 31, 2025, with total revenue reaching $1.25 million, a substantial increase from $343,894 in the same quarter of the previous year. For the nine months ending March 31, 2025, the company generated $3.35 million in revenue, compared to $639,286 during the same period in 2024. This growth is primarily attributed to government contracts, which accounted for $3.15 million of the total revenue for the nine-month period. Despite the increase in revenue, Aeluma reported a net loss of $1.46 million for the quarter, an improvement from a loss of $962,651 in the prior year.

The company’s operating expenses also rose, totaling $2.09 million for the quarter, compared to $1.31 million in the same period last year. The increase in expenses was driven by higher general and administrative costs, which amounted to $1.20 million, up from $452,792 in the previous year. Research and development expenses decreased to $471,000 from $620,000, reflecting a strategic shift in resource allocation. Aeluma's accumulated deficit increased to $15.79 million as of March 31, 2025, compared to $13.62 million at the end of the previous fiscal year.

In terms of strategic developments, Aeluma successfully completed a public offering on March 26, 2025, raising approximately $12.59 million in net proceeds. The offering involved the sale of 2.29 million shares at $5.25 per share, with an additional over-allotment option exercised. The funds are intended to support business development, scale manufacturing operations, and cover general corporate expenses. Additionally, the company converted $3.15 million in convertible promissory notes into common stock, further strengthening its equity position.

Operationally, Aeluma has made strides in expanding its customer base and enhancing its product offerings. The company reported a significant increase in cash and cash equivalents, totaling $15.87 million as of March 31, 2025, compared to $1.29 million at the end of June 2024. This increase is largely due to the successful public offering and reflects improved liquidity. Aeluma's employee headcount has also grown, with the company actively hiring to support its expanding operations and product development initiatives.

Looking ahead, Aeluma remains optimistic about its growth trajectory, driven by its innovative semiconductor technology and recent government contracts. The company has secured contracts totaling $11.86 million from the U.S. government for the development of advanced semiconductor technologies, which are expected to contribute to future revenue streams. Aeluma plans to continue leveraging its technological advancements to penetrate mass markets and enhance its competitive position in the semiconductor industry.