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Aeluma Provides Fourth Quarter and Fiscal Year 2024 Results

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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 (OTCQB:ALMU), un'azienda nel settore dei semiconduttori, ha riportato i risultati finanziari per il quarto trimestre e l'intero anno fiscale 2024 terminato il 30 giugno 2024. Punti salienti includono:

- Portafoglio ordini record proveniente da più contratti che guidano la crescita dei ricavi
- Vinto un importante contratto con il DoD del valore potenziale di oltre 11,7 milioni di dollari
- Ricavi del Q4: 279.000 dollari (rispetto a 193.000 dollari nel Q4 2023)
- Ricavi dell'anno fiscale 2024: 919.000 dollari (rispetto a 193.000 dollari nell'anno fiscale 2023)
- Perdita netta nel Q4: 987.000 dollari o 0,08 dollari per azione
- Perdita netta dell'anno fiscale 2024: 4,6 milioni di dollari o 0,37 dollari per azione
- Liquidità e equivalenti: 1,3 milioni di dollari al 30 giugno 2024

Aeluma ha ottenuto 3,145 milioni di dollari tramite note promissorie convertibili nell'agosto 2024. L'azienda ha fornito indicazioni per i ricavi del Q1 FY 2025 di 400-470 mila dollari e per i ricavi dell'FY 2025 di 4,0-4,2 milioni di dollari, rappresentando una significativa crescita su base annua.

Aeluma (OTCQB:ALMU), una empresa de semiconductores, informó sobre los resultados financieros del cuarto trimestre y del año fiscal 2024 que terminó el 30 de junio de 2024. Puntos destacados incluyen:

- Cartera de pedidos récord de múltiples contratos que impulsa el crecimiento de los ingresos
- Ganó un importante contrato del DoD con un valor potencial superior a 11.7 millones de dólares
- Ingresos del Q4: 279,000 dólares (frente a 193,000 dólares en el Q4 2023)
- Ingresos del año fiscal 2024: 919,000 dólares (frente a 193,000 dólares en el año fiscal 2023)
- Pérdida neta en el Q4: 987,000 dólares o 0.08 dólares por acción
- Pérdida neta del año fiscal 2024: 4.6 millones de dólares o 0.37 dólares por acción
- Efectivo y equivalentes: 1.3 millones de dólares al 30 de junio de 2024

Aeluma aseguró 3.145 millones de dólares a través de notas promissorias convertibles en agosto de 2024. La empresa proporcionó orientación para los ingresos del Q1 FY 2025 de 400 a 470 mil dólares y los ingresos del FY 2025 de 4.0 a 4.2 millones de dólares, representando un crecimiento significativo año tras año.

Aeluma (OTCQB:ALMU), 반도체 회사,는 2024년 6월 30일 종료된 4분기 및 2024 회계연도 재무 결과를 보고했습니다. 주요 사항은 다음과 같습니다:

- 매출 성장을 이끄는 다양한 계약에서의 기록적인 백로그
- 1,170만 달러 이상의 잠재적 가치가 있는 주요 국방부 계약을 체결
- 4분기 매출: 279,000달러 (2023년 4분기 193,000달러 대비)
- 2024 회계연도 매출: 919,000달러 (2023 회계연도 193,000달러 대비)
- 4분기 순손실: 987,000달러 또는 주당 0.08달러
- 2024 회계연도 순손실: 460만 달러 또는 주당 0.37달러
- 2024년 6월 30일 현재 현금 및 현금성 자산: 130만 달러

Aeluma는 2024년 8월에 전환사채를 통해 314.5만 달러를 확보했습니다. 회사는 가이던스 제공으로 2025 회계연도 1분기 매출이 40만~47만 달러, 2025 회계연도 매출이 400만~420만 달러로 예상되며, 연간 성장률을 나타냅니다.

Aeluma (OTCQB:ALMU), une entreprise de semiconducteurs, a annoncé les résultats financiers pour le quatrième trimestre et l'exercice 2024 clos le 30 juin 2024. Points clés comprennent :

- Carnet de commandes record provenant de plusieurs contrats qui stimulent la croissance des revenus
- Gagné un contrat majeur avec le DoD d'une valeur potentielle de plus de 11,7 millions de dollars
- Revenus du Q4 : 279 000 dollars (contre 193 000 dollars au Q4 2023)
- Revenus de l'exercice 2024 : 919 000 dollars (contre 193 000 dollars lors de l'exercice 2023)
- Perte nette du Q4 : 987 000 dollars ou 0,08 dollar par action
- Perte nette de l'exercice 2024 : 4,6 millions de dollars ou 0,37 dollar par action
- Trésorerie et équivalents : 1,3 million de dollars au 30 juin 2024

Aeluma a sécurisé 3,145 millions de dollars par le biais de billets à ordre convertibles en août 2024. L'entreprise a fourni des prévisions pour les revenus du Q1 FY 2025 de 400-470 milliers de dollars et pour les revenus de l'exercice 2025 de 4,0-4,2 millions de dollars, représentant une croissance significative d'une année sur l'autre.

Aeluma (OTCQB:ALMU), ein Halbleiterunternehmen, hat die finanziellen Ergebnisse für das vierte Quartal und das Geschäftsjahr 2024, das am 30. Juni 2024 endete, bekannt gegeben. Hauptpunkte sind:

- Rekordauftragsbestand aus mehreren Verträgen, der das Umsatzwachstum antreibt
- Wichtigster Vertrag des DoD mit einem potenziellen Wert von über 11,7 Millionen Dollar gewonnen
- Q4-Umsatz: 279.000 Dollar (im Vergleich zu 193.000 Dollar im Q4 2023)
- Umsatz im Geschäftsjahr 2024: 919.000 Dollar (im Vergleich zu 193.000 Dollar im Geschäftsjahr 2023)
- Nettoverschuldung im Q4: 987.000 Dollar oder 0,08 Dollar pro Aktie
- Nettoverschuldung im Geschäftsjahr 2024: 4,6 Millionen Dollar oder 0,37 Dollar pro Aktie
- Barmittel und äquivalente Mittel: 1,3 Millionen Dollar zum 30. Juni 2024

Aeluma sicherte sich im August 2024 3,145 Millionen Dollar durch wandelbare Schuldscheine. Das Unternehmen gab eine Prognose für den Umsatz im ersten Quartal des Geschäftsjahres 2025 von 400-470 Tausend Dollar und für den Umsatz im Geschäftsjahr 2025 von 4,0-4,2 Millionen Dollar ab, was ein erhebliches Jahr-zu-Jahr-Wachstum darstellt.

Positive
  • Record backlog from multiple government and commercial contracts
  • Won major Department of Defense contract potentially worth over $11.7 million
  • Achieved ISO 9001:2015 certification for quality management system
  • Q4 revenue increased to $279,000 from $193,000 year-over-year
  • FY 2024 revenue grew to $919,000 from $193,000 in the previous year
  • Secured $3.145 million in financing through convertible promissory notes
  • Guidance for 160% revenue growth in Q1 FY 2025
  • Projected 450% year-over-year revenue growth for FY 2025
Negative
  • Q4 net loss of $987,000
  • FY 2024 net loss of $4.6 million
  • Cash and cash equivalents decreased to $1.3 million from $5.1 million year-over-year

Issues Guidance for 160% Revenue Growth in First Quarter and 450% Year-over-Year Revenue Growth in Fiscal Year 2025

GOLETA, CA / ACCESSWIRE / September 24, 2024 / Aeluma, Inc. (OTCQB:ALMU), a semiconductor company specializing in high performance, scalable technologies for mobile, automotive, AI, defense & aerospace, communication and quantum computing, today provided a corporate update and announced financial results for the fourth quarter and full year of fiscal 2024, ended June 30, 2024.

Recent Company Highlights

  • Record backlog from multiple government and commercial contracts driving revenue growth

  • Won major Department of Defense contract that could bring revenue greater than $11.7 million

  • Won contracts from NASA and the Office of Secretary of Defense to advance technology for space and defense & aerospace applications

  • Achieved ISO 9001:2015 certification for quality management system

  • Expands marketing efforts in mobile, quantum computing, AI, 5G/6G wireless, and biomedical

Management Commentary

"With this fifth consecutive quarter reporting revenue and a strong backlog, we are able to begin offering revenue guidance," said Aeluma Founder and CEO, Jonathan Klamkin, Ph.D. "Multiple contract wins are layering revenue to support Aeluma's R&D and path to commercialization without dilutive measures. We believe this approach positions the Company for profitable growth and will propel our technology to scale while shortening the time to market."

Dr. Klamkin continued, "In addition to the increased traction with government funding, Aeluma has attracted commercial contracts that include small-volume orders, sample evaluations, and development contracts. These successes derive primarily from the automotive, industrial, and defense & aerospace markets. Multiple customers have evaluated our samples and validated the performance of Aeluma's technology. Achieving third party validation is an important milestone in our commercialization path. We are also receiving interest from mobile, quantum computing, AI, 5G/6G wireless, and biomedical companies."

Financial Results

During the quarter ended June 30, 2024, revenue was $279 thousand, compared to $193 thousand in the same quarter last year.

The company incurred a net loss of $987 thousand, or $0.08 per basic and diluted share, for the quarter ended June 30, 2024, compared to a net loss of $1.3 million, or $0.10 per basic and diluted share, for the same quarter last year.

For the full fiscal year 2024, revenue reported was $919 thousand, compared with $193 thousand in the prior year.

The company incurred a net loss of $4.6 million, or $0.37 per basic and diluted share, in fiscal 2024, compared with $5.4 million, or $0.47 per basic and diluted share, in the prior year.

The Company had $1.3 million in cash and cash equivalents as of June 30, 2024, compared to $5.1 million as of June 30, 2023.

On August 5, 2024, the Company entered into note purchase agreements (the "NPA") for an aggregate financing of $1.8 million with five accredited investors ("Investors"). At the first closing under the NPA, which occurred on August 5, 2024, the Company issued to the Investors convertible promissory notes in the aggregate principal amount of $1.8 million to purchase shares of the Company's common stock, par value $0.0001 per share. At a second closing under the NPA, which occurred on August 27, 2024, the Company issued convertible promissory notes to five additional accredited Investors in the aggregate principal amount of $1.345 million for aggregate proceeds of $3.145 million.

The total number of shares outstanding was 12,178,424 as of June 30, 2024.

Revenue Guidance

For the first quarter of fiscal 2025, Aeluma currently expects revenue of approximately $400-470 thousand.

For the full year of fiscal 2025, Aeluma currently expects revenue of approximately $4.0-4.2 million.

These statements are forward looking and actual results may differ materially. Refer to the Forward-Looking Statements section below for information on the factors that could cause our actual results to differ materially from these forward-looking statements.

Note about Non-GAAP Financial Measures

This press release includes and makes reference to certain non-GAAP financial measures. The presentation of this financial information is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. Aeluma believes that the presentation of non-GAAP financial measures provides important supplemental information to management and investors regarding financial and business trends relating to the Company's financial condition and results of operations. Aeluma believes that these non-GAAP financial measures provide additional insight into Aeluma's ongoing performance and core operational activities and has chosen to provide these measures for more consistent and meaningful comparison between periods. These measures should only be used to evaluate Aeluma's results of operations in conjunction with the corresponding GAAP measures. The non-GAAP results exclude the effect of stock-based compensation, depreciation and amortization.

A reconciliation between GAAP and non-GAAP financial results is provided in the financial statements portion of this press release.

About Aeluma, Inc.

Aeluma (www.aeluma.com) develops novel optoelectronics for sensing and communication applications. Aeluma has pioneered a technique to manufacture semiconductor chips using high-performance compound semiconductor materials on large-diameter substrates that are commonly used for mass-market microelectronics. The technology has the potential to enhance performance and scale manufacturing, both of which are critical for emerging applications. Aeluma is developing a streamlined business model from its headquarters in Santa Barbara, California that has a state-of-the-art manufacturing cleanroom. Its transformative semiconductor chip technology may impact a variety of markets including automotive LiDAR, mobile, defense & aerospace, AR/VR, AI, quantum, and communication. Aeluma differentiates itself with unique semiconductor manufacturing capability, proprietary technology, the ability to perform rapid prototyping, and a broad set of product offerings.

Forward-Looking Statements

All statements in this press release that are not historical are forward-looking statements, including, among other things, statements relating to the Company's expectations regarding its market position and market opportunity, expectations and plans as to its product development, manufacturing and sales, and relations with its partners and investors. These statements are not historical facts but rather are based on the Company's current expectations, estimates, and projections regarding its business, operations and other similar or related factors. Words such as "may," "will," "could," "would," "should," "anticipate," "predict," "potential," "continue," "expect," "intend," "plan," "project," "believe," "estimate," and other similar or related expressions are used to identify these forward-looking statements, although not all forward-looking statements contain these words. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties, and assumptions that are difficult or impossible to predict and, in some cases, beyond the Company's control. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to revise or update information in this release to reflect events or circumstances in the future, even if new information becomes available.

Company

Aeluma, Inc.
(805) 351-2707
info@aeluma.com

Investor Contact:

Bishop IR
Mike Bishop
(415) 894-9633
ir@aeluma.com

Aeluma, Inc. and Subsidiary
Consolidated Balance Sheets (unaudited)

June 30, 2024

March 31, 2024

June 30, 2023

Assets

Current assets:

Cash and cash equivalents

$

1,291,072

$

1,874,565

$

5,071,490

Accounts receivable

60,004

147,500

189,239

Deferred compensation, current portion

20,133

24,029

53,034

Prepaids and other current assets

21,637

96,113

19,943

Total current assets

1,392,846

2,142,207

5,333,706

Property and equipment:

Equipment

1,531,494

1,526,590

1,209,656

Leasehold improvements

546,864

546,864

546,864

Accumulated depreciation

(608,630

)

(509,391

)

(300,445

)

Property and equipment, net

1,469,728

1,564,063

1,456,075

Intangible assets

6,833

7,583

9,833

Right of use asset - facility

961,626

992,157

351,013

Deferred compensation, long term portion

-

3,085

-

Other assets

13,014

13,014

13,014

Total assets

$

3,844,047

$

4,722,109

$

7,163,641

Liabilities and stockholders' equity

Current liabilities:

Accounts payable

$

317,237

$

347,236

$

461,797

Accrued expenses and other current liabilities

180,706

172,648

133,092

Lease liability, current portion

128,743

126,420

162,210

Total current liabilities

626,686

646,304

757,099

Lease liability, long term portion

941,200

974,656

296,452

Total liabilities

1,567,886

1,620,960

1,053,551

Commitments and contingencies

-

-

-

Stockholders' equity:

Preferred stock

-

-

-

Common stock

1,218

1,218

1,282

Additional paid-in capital

15,899,304

15,735,477

15,171,074

Accumulated deficit

(13,624,361

)

(12,635,546

)

(9,062,066

)

Total stockholders' equity

2,276,161

3,101,149

6,110,290

Total liabilities and stockholders' equity

$

3,844,047

$

4,722,109

$

7,163,841

Aeluma, Inc. and Subsidiary
Consolidated Statements of Operations (unaudited)

Three Months Ended

Twelve Months Ended

June 30, 2024

March 31, 2024

June 30, 2023

June 30, 2024

June 30, 2023

Revenue

$

279,268

$

343,894

$

193,339

$

918,554

$

193,339

Operating expenses:

Cost of revenue

233,758

233,585

109,395

619,249

109,395

Research and development

400,254

620,285

207,647

2,506,507

2,531,624

General and administrative

634,286

452,792

1,095,905

2,356,106

3,062,005

Total expenses

1,268,298

1,306,662

1,412,947

5,481,862

5,703,024

Loss from operations

(989,030

)

(962,768

)

(1,219,608

)

(4,563,308

)

(5,509,685

)

Other income (expense):

Sub-lease rental income and other income (expense)

(81

)

(81

)

(89,029

)

-

128,913

Interest income

1,892

198

446

1,013

1,190

Total other income, net

1,811

117

(88,583

)

1,013

130,103

Loss before income tax expense

(987,219

)

(962,651

)

(1,308,191

)

(4,562,295

)

(5,379,582

)

Income tax expense

-

-

-

-

-

Net loss

$

(987,219

)

$

(962,651

)

$

(1,308,191

)

$

(4,562,295

)

$

(5,379,582

)

Loss per share - basic and diluted

$

(0.08

)

$

(0.08

)

$

(0.10

)

$

(0.37

)

$

(0.47

)

Weighted average common shares outstanding - basic and diluted

12,178,424

12,175,195

11,518,154

12,298,355

11,379,480

Book value per share

$

0.19

$

0.25

$

0.48

$

0.19

$

0.48

Aeluma, Inc. and Subsidiary
Reconciliation of GAAP and Non-GAAP Net Loss (unaudited)

Three Months Ended

Twelve Months Ended

June 30, 2024

March 31, 2024

June 30, 2023

June 30, 2024

June 30, 2023

GAAP net loss

$

(987,219

)

$

(962,651

)

$

(1,308,191

)

$

(4,562,295

)

$

(5,379,582

)

Adjustments:

Stock-based compensation - Stock option

163,827

191,844

143,891

732,167

448,444

Consulting and advisory - Restricted stock award

6,981

6,981

215,162

32,900

920,464

Depreciation

99,239

78,663

57,971

308,185

203,458

Amortization

750

750

750

3,000

3,000

Total adjustments to GAAP net loss

270,797

278,238

417,774

1,076,252

1,575,366

Non-GAAP net loss

$

(716,422

)

$

(684,413

)

$

(890,417

)

$

(3,486,043

)

$

(3,804,216

)

GAAP net loss per share - basic and diluted

$

(0.08

)

$

(0.08

)

$

(0.10

)

$

(0.37

)

$

(0.47

)

Adjustment

0.02

0.02

0.02

0.09

0.14

Non-GAAP net loss per share - basic and diluted

$

(0.06

)

$

(0.06

)

$

(0.08

)

$

(0.28

)

$

(0.33

)

Aeluma, Inc. and Subsidiary
Consolidated Statements of Cash Flows (unaudited)

Twelve Months Ended

June 30, 2024

June 30, 2023

Operating activities:

Net loss

$

(4,562,295

)

$

(5,379,582

)

Adjustments to reconcile net loss to net cash used in operating activities:

Issuance of shares for services

-

258,000

Amortization of deferred compensation

32,901

662,464

Stock-based compensation expense

732,167

448,444

Depreciation and amortization expense

311,185

206,458

Change in accounts receivable

129,235

(189,239

)

Change in prepaids and other current assets

(1,694

)

7,719

Change in accounts payable

(144,560

)

347,697

Change in accrued expenses and other current liabilities

48,282

67

Net cash used in operating activities

(3,454,779

)

(3,637,972

)

Investing activities:

Purchase of equipment

(321,838

)

(590,043

)

Payment for leasehold improvements

-

(82,502

)

Net cash used in investing activities

(321,838

)

(672,545

)

Financing activities:

Repurchase of common stock

(4,001

)

-

Proceeds from Private Placement, net of offering costs

-

5,641,485

Net cash (used in) provided by financing activities

(4,001

)

5,641,485

Net change in cash

(3,780,618

)

1,330,968

Cash, beginning of period

5,071,690

3,740,722

Cash, end of period

$

1,291,072

$

5,071,690

SOURCE: Aeluma, Inc.



View the original press release on accesswire.com

FAQ

What was Aeluma's (ALMU) revenue for Q4 2024?

Aeluma (ALMU) reported revenue of $279,000 for the fourth quarter of fiscal 2024, ended June 30, 2024.

How much revenue did Aeluma (ALMU) generate in fiscal year 2024?

Aeluma (ALMU) generated revenue of $919,000 for the full fiscal year 2024, ended June 30, 2024.

What is Aeluma's (ALMU) revenue guidance for fiscal year 2025?

Aeluma (ALMU) provided revenue guidance of approximately $4.0-4.2 million for the full fiscal year 2025.

How much financing did Aeluma (ALMU) secure in August 2024?

Aeluma (ALMU) secured $3.145 million in financing through convertible promissory notes in August 2024.

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