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Aeluma Inc. (ALMU) is a semiconductor company focused on scalable, cost-effective technologies for LiDAR, communication, and sensing applications. The company recently secured funding to develop high sensitivity photodetectors for high energy physics experiments and commercial markets. Aeluma's core technology combines high performance with cost-effective, scalable manufacturing processes, attracting investments in technology and advancing semiconductor applications in various industries. With a recent focus on defense and aerospace applications, Aeluma continues to market its technology to emerging automotive and mobile sectors while exploring other potential large-scale applications. The company differentiates itself through unique semiconductor manufacturing capabilities, proprietary technology, and a diverse product portfolio.
Aeluma (OTCQB:ALMU), a semiconductor company focused on advanced technologies for multiple sectors, has announced its participation in the LD Micro Main Event XVII Investor Conference. CEO Jonathan Klamkin, Ph.D., will deliver a presentation on Wednesday, October 30, 2024, at 12:00 PM PT at the Luxe Sunset Boulevard Hotel in Los Angeles.
The presentation will be available via live webcast at me24.sequireevents.com. Dr. Klamkin will also conduct one-on-one meetings with investors throughout the day. The conference is invitation-only, and interested investors must register to attend. Meeting arrangements can be made through LD Micro representatives or by contacting Aeluma's investor relations.
Aeluma Inc. (OTCQB:ALMU), a semiconductor company, has released its Q4 and fiscal year 2024 results, ending June 30, 2024. The company reported record backlog and multiple contract wins, including a major Department of Defense contract potentially worth over $11.7 million. Aeluma achieved ISO 9001:2015 certification and expanded its marketing efforts in various sectors.
Financial highlights include:
- Q4 revenue: $279,000 (up from $193,000 in Q4 2023)
- Fiscal year 2024 revenue: $919,000 (up from $193,000 in 2023)
- Q4 net loss: $987,000 ($0.08 per share)
- Fiscal year 2024 net loss: $4.6 million ($0.37 per share)
- Cash and equivalents: $1.3 million as of June 30, 2024
Aeluma secured $3.145 million in convertible note financing in August 2024. The company projects Q1 fiscal 2025 revenue of $400,000-$470,000 and full fiscal year 2025 revenue of $4.0-4.2 million, representing over 335% year-over-year growth.
Aeluma (OTCQB:ALMU), a semiconductor company, reported financial results for Q4 and FY 2024 ended June 30, 2024. Key highlights include:
- Record backlog from multiple contracts driving revenue growth
- Won major DoD contract potentially worth over $11.7 million
- Q4 revenue: $279,000 (vs $193,000 in Q4 2023)
- FY 2024 revenue: $919,000 (vs $193,000 in FY 2023)
- Q4 net loss: $987,000 or $0.08 per share
- FY 2024 net loss: $4.6 million or $0.37 per share
- Cash and equivalents: $1.3 million as of June 30, 2024
Aeluma secured $3.145 million through convertible promissory notes in August 2024. The company provided guidance for Q1 FY 2025 revenue of $400-470 thousand and FY 2025 revenue of $4.0-4.2 million, representing significant year-over-year growth.
Aeluma, Inc. (OTCQB:ALMU) has been awarded an $11.717 million contract from DARPA to develop heterogeneous integration technology for advanced-node semiconductors. The project, part of DARPA's M-STUDIO program, aims to create nanometer-scale components compatible with leading-edge semiconductor manufacturing processes. Applications include AI, mobile devices, and 5G/6G wireless communication.
The contract is structured with $5.974 million over the first 18 months, followed by $5.743 million over the subsequent 18 months, subject to milestone achievements. Aeluma is partnering with Teledyne Scientific Company and the University of California Santa Barbara for this project. This non-dilutive funding aligns with Aeluma's commercialization efforts and follows previous awards from the Navy, Office of Secretary of Defense, and Department of Energy.
Aeluma, Inc. (OTCQB:ALMU), a semiconductor company specializing in advanced technologies for various industries, has achieved ISO 9001:2015 certification for its quality management system. This internationally recognized standard demonstrates Aeluma's commitment to quality, customer satisfaction, and continuous improvement.
The certification process involved rigorous evaluation of Aeluma's processes, documentation, and operational efficiency. CEO Jonathan Klamkin emphasized that this certification underscores their dedication to providing high-quality products and services to customers. He also noted that it represents an important contribution to their commercialization traction.
This achievement is expected to enhance Aeluma's operational processes, reduce risks, and ensure customer satisfaction, positioning the company for growth in the semiconductor industry.
Aeluma (OTCQB: ALMU) received new funding from the U.S. Office of Secretary of Defense to develop high-performance single-photon avalanche detectors for satellite and lunar ranging. These detectors are vital for accurate measurements from satellites and other platforms. Aeluma's scalable semiconductor technology is highlighted for its potential in enhancing performance and manufacturing capacity.
Previously, Aeluma won awards from the Navy and the Department of Energy, in addition to an earlier award from the Office of Secretary of Defense. These successes underscore confidence in Aeluma's technology and its applicability to various sectors, including defense, aerospace, quantum, energy, and communication. The recent award reinforces Aeluma's focus on high-sensitivity detectors and their large-diameter wafer technology.
Aeluma, Inc. (ALMU) will present at the 2024 International Conference on Compound Semiconductor Manufacturing Technology. CEO Jonathan Klamkin, Ph.D., will discuss 'Heterogeneously Integrated Compound Semiconductors on Large-Diameter Substrates for Scaling to Consumer Market Volumes' on May 21, 2024, in Tucson, AZ. The conference focuses on compound semiconductor manufacturing and device technology.
Aeluma, Inc. (OTCQB: ALMU) reported an increase in revenue driven by funding awards and contracts in the third quarter of fiscal 2024. The company showcased growth with a grant from the Department of Energy and presentations at key industry conferences. However, Aeluma's net loss for the quarter was $962 thousand, with a decrease in cash and cash equivalents compared to the previous year.
Aeluma, a semiconductor company specializing in high-performance technologies, announced its CEO's interview with Fox News on the importance of onshore semiconductor manufacturing in the AI race. The article highlights the significance of manufacturing semiconductor chips domestically to stay competitive in the AI industry.
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