Aura Systems Reports Revenue Growth and Reduced Net Losses for Three and Nine Months Ended November 30, 2025

Aura Systems, Inc. reported its financial results for the three and nine months ended November 30, 2025, revealing a notable increase in revenue and a significant reduction in net losses compared to the same periods in the previous fiscal year. The company generated net revenue of $80,000 for the three months ended November 30, 2025, compared to no revenue in the same quarter of 2024. For the nine-month period, revenue rose to $265,000 from $50,000 in the prior year. The gross profit for the nine months was $240,000, a substantial increase from $21,000 in the previous year, indicating a shift in operational performance.

Operating expenses for the three months ended November 30, 2025, totaled $925,000, a decrease from $869,000 in the same quarter of 2024. The reduction in selling, general, and administrative expenses was particularly notable, dropping to $466,000 from $673,000 year-over-year. The company reported a net income of $5,501 for the three months ended November 30, 2025, compared to a net loss of $540,000 in the same quarter of 2024. For the nine-month period, however, Aura recorded a net loss of $2,104,000, a significant improvement from a loss of $22,188,000 in the prior year.

In terms of strategic developments, Aura Systems has focused on enhancing its engineering capabilities, hiring experts in various fields, and acquiring advanced engineering tools. The company has also made progress in product development, including the completion of a 250-kW electric motor prototype for electric vehicle applications and a 250-kW generator. Additionally, Aura has been working on a new 10-kW mobile power generator for military applications and has initiated discussions for potential applications of its technology in wind turbines.

Operationally, Aura Systems reported a total of 132,611,844 shares outstanding as of November 30, 2025, an increase from 118,296,448 shares at the end of February 2025. The company continues to face challenges, including a shareholder deficit of $36,928,000 and past-due notes payable totaling $5,266,000, which raise concerns about its ability to continue as a going concern. The company has indicated that it will require approximately $6 million in additional financing to maintain operations and increase shipment volumes in the upcoming fiscal year.

Looking ahead, Aura Systems remains cautious about its revenue projections, particularly as it transitions to new product lines. The company has acknowledged the uncertainty surrounding the timing and amount of future revenues until its prototypes are completed. Management has emphasized the need for additional financing to support ongoing operations and has indicated that failure to secure such funding could lead to further reductions in operating expenses, potentially impacting its business viability.