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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.
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Aeluma, Inc. (ALMU) has been awarded funding from the U.S. Navy to develop high speed photodetectors for defense and aerospace communication applications. The company's large-scale photodetector technology has garnered interest from both defense and aerospace customers, as well as globally recognized aerospace companies. Aeluma's CEO announced that this award, in addition to others, will not only provide recognition but also generate revenue for the company. Aeluma is strategically positioning its scalable semiconductor technology to address a broad range of market verticals, including automotive LiDAR, mobile, defense and aerospace, AR/VR, AI, and communication.
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ALMU - Aeluma, Inc. Announces Second Consecutive Quarter of Revenue Growth and Government Funding for Defense and Aerospace. Financial Results for Q1 FY 2024: $32,400 in Revenue, $1.48M Net Loss, $3.76M in Cash.
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Aeluma, Inc. has been awarded funding from the U.S. Navy to develop photonics reliability methodologies for defense and aerospace applications. The company will collaborate with The Aerospace Corporation on this project. Aeluma's CEO believes their technology is well positioned to support the investment in semiconductor technologies for sensing and communication applications. Aeluma aims to commercialize its semiconductor chip technology for various markets including automotive LiDAR, mobile, defense and aerospace, AR/VR, AI, and communication.
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Aeluma, Inc. recognized revenue in Q4 2023 from multiple customers for small-volume orders and development projects. They are working to commercialize semiconductor chip technology for various markets, including automotive LiDAR. The company has made progress in marketing its solution, including sampling to the automotive market. Aeluma's unique semiconductor manufacturing capability and proprietary technology could offer high-performance and low-cost solutions for emerging markets.
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Aeluma, Inc. is a member of the awarded CHIPS funding for Microelectronics Commons regional innovation hubs, potentially increasing exposure and funding. Aeluma's unique semiconductor manufacturing capability could offer high-performance, low-cost solutions for emerging markets.
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Aeluma, Inc. founder and CEO to appear on Nasdaq TradeTalks to discuss semiconductor chip technology and manufacturing capabilities.
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Aeluma to present at LD Micro Main Event Investor Conference, showcasing scalable and cost-effective LiDAR technology.
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Aeluma, Inc. founder and CEO to participate in H.C. Wainwright conference. Company commences sampling of photodetectors for evaluation by Tier-1 Automotive Supplier.
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Aeluma, Inc. CEO to appear on The Watch List on Schwab Network to discuss semiconductor chip technology and the CHIPS and Science Act
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FAQ
What is the current stock price of AELUMA (ALMU)?
The current stock price of AELUMA (ALMU) is $8.5 as of December 20, 2024.
What is the market cap of AELUMA (ALMU)?
The market cap of AELUMA (ALMU) is approximately 45.4M.
What is Aeluma Inc. known for?
Aeluma Inc. is known for its focus on scalable, cost-effective technologies for LiDAR, communication, and sensing applications.
What recent achievements has Aeluma Inc. announced?
Aeluma Inc. recently secured funding to develop high sensitivity photodetectors for high energy physics experiments and commercial markets.
How does Aeluma differentiate itself from other companies?
Aeluma differentiates itself through unique semiconductor manufacturing capabilities, proprietary technology, and a diverse product portfolio.
What sectors does Aeluma focus on?
Aeluma focuses on industries such as automotive, mobile, defense & aerospace, AR/VR, AI, quantum, and communication.
What is the business model of Aeluma Inc.?
Aeluma is developing a streamlined business model from its headquarters in Santa Barbara, California that has a state-of-the-art manufacturing cleanroom.
What recent funding has Aeluma received?
Aeluma recently received funding from the U.S. Department of Energy to develop high sensitivity photodetectors for high energy physics experiments and commercial applications.
Who are the key executives of Aeluma Inc.?
Key executives of Aeluma Inc. include Jonathan Klamkin, Ph.D., Founder, CEO, and Matthew Dummer, Ph.D., Director of Technology.
What recent awards and contracts has Aeluma won?
Aeluma recently announced wins from the Navy, Office of Secretary of Defense, and Department of Energy to apply its technology to defense & aerospace, quantum, and communication applications.
How does Aeluma's technology impact emerging applications?
Aeluma's transformative semiconductor chip technology enhances performance and scale manufacturing, critical for emerging applications in various industries.
What is the financial status of Aeluma Inc.?
Aeluma reported revenue of $344 thousand and a net loss of $962 thousand for the quarter ended March 31, 2024, and had $1.87 million in cash and cash equivalents.
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