Aeluma, Inc. reported financial results for fiscal 2026 centered on its pivot toward artificial intelligence datacenter applications. The company’s total revenue remained essentially unchanged at $4.5 million compared with $4.7 million in the prior year, with the majority of sales generated from government contracts. Fourth-quarter revenue alone totaled $582,000.
The company’s net loss expanded significantly during the period. On a GAAP basis, Aeluma recorded a loss of $9.2 million, or $0.52 per share, for the full year, compared with a $3 million loss, or $0.23 per share, in fiscal 2025. Fourth-quarter GAAP net loss reached $4 million, or $0.22 per share. On an adjusted basis excluding stock-based compensation, the net loss was $4.6 million, or $0.26 per share, for the year, with adjusted EBITDA turning negative at $5.2 million versus positive $186,000 in the prior year. Management attributed the larger losses primarily to workforce expansion and increased operating expenses.
Aeluma ended the fiscal year with a strengthened balance sheet, holding $56 million in cash and no debt. During the fourth quarter, the company raised $20.1 million in net proceeds by issuing approximately 830,484 shares at an average price of $24.87 per share through an at-the-market offering. The company is developing Lynx high-speed photodetectors and Quasar quantum-dot lasers designed to address demand for faster optical interconnects and to circumvent supply constraints in conventional indium phosphide materials.
Looking ahead, Aeluma expects approximately $2.3 million in booked government-contract revenue during fiscal 2027, with potential additional revenue from ongoing discussions. The company is pursuing several multimillion-dollar non-recurring engineering agreements with commercial customers and announced a letter of intent for up to $30 million from the Department of Commerce’s CHIPS R&D office. Capital expenditure plans for fiscal 2027 range from $10 million to $12 million, primarily for manufacturing equipment and production infrastructure. The company also expanded its workforce from 14 employees in mid-2025 to over 30 employees and continues hiring for additional roles.
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