Aeluma Reports 27% Revenue Growth to $2.7 Million, Net Loss Improves

Aeluma, Inc. reported its financial results for the six months ending December 31, 2025, revealing a revenue increase of 27% to $2.7 million, compared to $2.1 million for the same period in 2024. The revenue growth was primarily driven by government contracts, which accounted for $2.6 million of total revenue. However, the company also reported a net loss of $3.3 million, a slight improvement from the $3.6 million loss recorded in the prior year. The loss per share for the six months was $0.20, compared to $0.30 in the same period last year.

Operating expenses surged by 161% to $6.3 million, up from $2.4 million in the previous year, largely due to increased material purchases and higher compensation costs associated with new hires aimed at supporting business expansion. The company’s cash and cash equivalents rose significantly to $38.6 million as of December 31, 2025, compared to $15.7 million at the end of June 2025, primarily due to net proceeds from public offerings totaling $23.4 million. This increase in liquidity has alleviated previous concerns regarding the company's ability to continue as a going concern.

In terms of strategic developments, Aeluma completed two public offerings in March and September 2025, raising a total of $36.2 million in net proceeds. The company also expanded its operational footprint by leasing an additional facility in Goleta, California, to accommodate anticipated growth. As of December 31, 2025, Aeluma's employee headcount increased, reflecting its commitment to scaling operations and enhancing its research and development capabilities.

Operationally, Aeluma continues to engage in various government contracts, including work with NASA and the U.S. Navy, which remain significant revenue sources. The company reported a total of $7.9 million in remaining performance obligations under its government contracts. Despite the challenges of rising operating expenses, Aeluma's management remains optimistic about future growth, focusing on expanding its market presence and enhancing product development efforts.

Looking ahead, Aeluma plans to utilize its increased cash reserves to support operational growth and product development initiatives. The company is committed to refining its manufacturing processes and scaling production capacity to meet the growing demand for high-performance semiconductor technologies. Management believes that the current financial position, combined with projected revenues, will be sufficient to meet working capital needs for at least the next twelve months, while also considering future financing opportunities as necessary.