Nuburu Reports Revenue Growth to $524,927 Amid Ongoing Losses and Internal Control Weaknesses

management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.

As of June 30, 2026, the Company’s management, including the Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of the Company’s disclosure controls and procedures. Based on this evaluation, the Company’s management concluded that the disclosure controls and procedures were not effective as of June 30, 2026, due to the existence of material weaknesses in internal control over financial reporting. The Company is in the process of implementing measures to remediate these material weaknesses.

In its latest 10-Q filing, Nuburu, Inc. reported a total revenue of $524,927 for the three months ended June 30, 2026, a significant increase from zero revenue in the same period of 2025. For the six months ended June 30, 2026, the Company generated $932,571 in revenue, compared to no revenue in the prior year. Despite this revenue growth, Nuburu reported a net loss of $6,475,862 for the second quarter of 2026, a decrease from a loss of $12,224,975 in the same quarter of 2025. The net loss for the first half of 2026 was $6,935,760, down from $28,836,400 in the first half of 2025.

The Company’s financial position showed a total accumulated deficit of $207,415,591 as of June 30, 2026. Total assets increased to $68,361,108 from $49,819,239 at the end of 2025, primarily due to the acquisitions of Orbit and Lyocon, which contributed to goodwill of $19,262,851. The Company’s cash and cash equivalents decreased significantly to $726,934 from $24,661,284 at the end of the previous fiscal year, reflecting ongoing operational losses and investments in growth initiatives.

Nuburu's operational developments included the acquisition of a controlling interest in Orbit and the completion of the Lyocon acquisition, which are expected to enhance its product offerings in the defense and security sectors. The Company also reported a strategic investment in Tekne and entered into a joint venture with Maddox Defense for the development of mobile additive manufacturing platforms. However, the Company continues to face liquidity challenges and has indicated that it will need to raise additional capital to sustain operations and execute its business plan.

Looking ahead, Nuburu anticipates continued losses as it works towards full commercialization of its products. The Company plans to finance its operations through the issuance of debt or equity securities, including proceeds from its Standby Equity Purchase Agreement (SEPA). However, there is no assurance that these financing efforts will be successful or favorable. The Company has also received a notice of delisting from the NYSE American due to its stock trading below the minimum price requirement, and it is currently appealing this decision while exploring options to regain compliance.