Nuburu Reports Zero Revenue and $14 Million Loss in Q1 2025

Nuburu, Inc. reported a significant decline in financial performance for the first quarter of 2025, with total revenue dropping to zero from $93,549 in the same period last year. The company incurred a net loss of $14 million, compared to a loss of $5.7 million in the first quarter of 2024. This loss was primarily attributed to a $10.4 million non-cash interest expense related to the remeasurement of preferred stock liability. The company's accumulated deficit now stands at $135.4 million as of March 31, 2025.

In terms of operational changes, Nuburu's total operating expenses decreased to $2.8 million from $3.8 million year-over-year, reflecting cost-cutting measures that included employee furloughs. Research and development expenses fell significantly by $581,932, while selling and marketing expenses increased by $197,747, largely due to higher consulting costs. The company also recorded a loss on the impairment of inventories and property, totaling $6.1 million, as it faced challenges related to a lease default.

Nuburu's balance sheet showed a drastic reduction in cash and cash equivalents, which fell to $70,937 from $209,337 at the end of 2024. The company’s current liabilities surged to $38.3 million, up from $20.8 million, largely due to the reclassification of preferred stock as a liability. The company has also been actively pursuing financing options, including a recent commitment letter with Trumar Capital LLC for potential acquisitions in the defense sector, which could help diversify its operations.

Looking ahead, Nuburu faces substantial challenges, including the need to raise additional capital to support its operations and growth plans. The company has indicated that it may continue to incur losses until it achieves full commercialization. Furthermore, it received a notice of noncompliance from NYSE Regulation regarding its stockholder equity, which could impact its listing status if not addressed. The company plans to submit a detailed compliance plan by May 29, 2025, to address these concerns.

Overall, Nuburu's financial and operational metrics indicate a critical juncture for the company as it navigates significant losses, operational restructuring, and the need for strategic financing to ensure its future viability.