AELUMA INC - ALMU STOCK NEWS

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.

Aeluma, Inc. (ALMU) CEO to present at SPIE Defense + Commercial Sensing 2024 conference on quantum dot and nonlinear materials integration for various applications.

Aeluma, Inc. (ALMU) secures funding from the U.S. Department of Energy to develop high sensitivity photodetectors for high energy physics experiments and commercial markets. The company's scalable semiconductor technology is recognized for its cost-effectiveness and performance. Aeluma's recent wins from the Navy and the Office of Secretary of Defense highlight the versatility of its technology in defense, aerospace, quantum, and communication applications, signaling potential growth opportunities.

Aeluma, Inc. (ALMU) reports increased revenue in Q2 fiscal 2024, appoints industry veteran to the Board, and secures government funding. Financially, revenue surged to $262,992 from previous quarters, with a net loss of $1.13 million. Cash reserves decreased to $2.42 million, and shares outstanding stood at 12,167,930.

Aeluma, Inc. (ALMU) has been awarded funding from the U.S. Office of Secretary of Defense to develop foundry-scale, CMOS-compatible quantum materials. This further validates the company's technology and its broad applicability. Aeluma's recent wins in defense and aerospace applications are significant for recognition and revenue generation. The company's focus on large-volume, emerging commercial applications, such as automotive and mobile, suggests potential for further growth. The award emphasizes scaling to be compatible with large-diameter substrates and CMOS manufacturing, aligning with Aeluma's pioneering technology.

Aeluma, a semiconductor company specializing in scalable, cost-effective technologies for LiDAR, communication, and sensing, announced its participation in the upcoming SPIE Photonics West event. Aeluma will host an exhibitor booth and deliver a presentation, showcasing its large-diameter wafer technology and semiconductor chip technology for various markets. The company's unique manufacturing capability and proprietary technology aim to offer high-performance and low-cost solutions for emerging markets.

Aeluma, Inc. (OTCQB:ALMU) announced the election of Craig Ensley, a seasoned semiconductor industry executive, to its board of directors. With extensive experience in various market verticals, Mr. Ensley's appointment comes at a crucial time for Aeluma as it aims to scale its technology for large-volume consumer markets.