Aeluma Announces First Quarter Fiscal 2027 Financial Results
| Aeluma, Inc. and Subsidiary Condensed Consolidated Balance Sheets | ||||||||
| ($ in thousands) | September 30, 2026 (unaudited) | June 30, 2026 | ||||||
| Assets | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 53,875 | $ | 56,006 | ||||
| Accounts receivable | 504 | 340 | ||||||
| Prepaids and other current assets | 716 | 965 | ||||||
| Total current assets | 55,095 | 57,311 | ||||||
| Property and equipment: | ||||||||
| Equipment | 2,590 | 2,338 | ||||||
| Leasehold improvements | 547 | 547 | ||||||
| Accumulated depreciation | (1,598 | ) | (1,469 | ) | ||||
| Property and equipment, net | 1,539 | 1,416 | ||||||
| Right-of-use asset - operating | 1,868 | 1,916 | ||||||
| Other assets | 21 | 21 | ||||||
| Total assets | $ | 58,523 | $ | 60,664 | ||||
| Liabilities and stockholders' equity | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | $ | 368 | $ | 341 | ||||
| Accrued expenses and other current liabilities | 1,502 | 1,369 | ||||||
| Lease liability - operating, current portion | 183 | 180 | ||||||
| Total current liabilities | 2,053 | 1,890 | ||||||
| Lease liability - operating, long-term portion | 1,795 | 1,842 | ||||||
| Total liabilities | 3,848 | 3,732 | ||||||
| Commitments and contingencies | - | - | ||||||
| Stockholders' equity: | ||||||||
| Preferred stock | - | - | ||||||
| Common stock | 2 | 2 | ||||||
| Additional paid-in capital | 84,234 | 82,735 | ||||||
| Accumulated deficit | (29,561 | ) | (25,805 | ) | ||||
| Total stockholders' equity | 54,675 | 56,932 | ||||||
| Total liabilities and stockholders' equity | $ | 58,523 | $ | 60,664 | ||||
| Aeluma, Inc. and Subsidiary Condensed Consolidated Statements of Operations (unaudited) | ||||||||||||
| Three Months Ended | ||||||||||||
| ($ in thousands, except per share data) | September 30, 2026 | June 30, 2026 | September 30, 2025 | |||||||||
| Revenue | $ | 568 | $ | 582 | $ | 1,385 | ||||||
| Operating expenses: | ||||||||||||
| Cost of revenue | 339 | 433 | 701 | |||||||||
| Research and development | 2,274 | 606 | ||||||||||
| General and administrative | 1,952 | 2,247 | 1,686 | |||||||||
| Total operating expenses | 4,816 | 4,954 | 2,993 | |||||||||
| Loss from operations | (4,248 | ) | (4,372 | ) | (1,608 | ) | ||||||
| Other income: | ||||||||||||
| Interest income | 492 | 359 | 115 | |||||||||
| Total other income | 492 | 359 | 115 | |||||||||
| Loss before income tax expense | (3,756 | ) | (4,013 | ) | (1,493 | ) | ||||||
| Income tax expense | - | - | - | |||||||||
| Net loss | $ | (3,756 | ) | $ | (4,013 | ) | $ | (1,493 | ) | |||
| Net loss per share – basic and diluted | $ | (0.19 | ) | $ | (0.22 | ) | $ | (0.09 | ) | |||
| Weighted average common shares outstanding - basic and diluted | 19,270,622 | 18,603,331 | 16,141,153 | |||||||||
| Book value per share | $ | 2.84 | $ | 3.06 | $ | 2.53 | ||||||
| Aeluma, Inc. and Subsidiary Condensed Consolidated Statements of Cash Flows (unaudited) | ||||||||
| Three Months Ended September 30, | ||||||||
| ($ in thousands) | 2026 | 2025 | ||||||
| Operating activities: | ||||||||
| Net loss | $ | (3,756 | ) | $ | (1,493 | ) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||||||
| Stock-based compensation expense | 1,376 | 1,056 | ||||||
| Depreciation and amortization expense | 130 | 102 | ||||||
| Changes in operating assets and liabilities: | ||||||||
| Accounts receivable | (164 | ) | (286 | ) | ||||
| Prepaids and other current assets | 249 | (196 | ) | |||||
| Other assets | (1 | ) | (8 | ) | ||||
| Accounts payable | 27 | (88 | ) | |||||
| Accrued expenses and other current liabilities | 393 | 98 | ||||||
| Net cash used in operating activities | (1,746 | ) | (815 | ) | ||||
| Investing activities: | ||||||||
| Purchase of equipment | (252 | ) | (210 | ) | ||||
| Net cash used in investing activities | (252 | ) | (210 | ) | ||||
| Financing activities: | ||||||||
| Proceeds from stock option exercise | 174 | 47 | ||||||
| Proceeds from public offering, net of offering costs | - | 23,385 | ||||||
| Payment for taxes related to net share settlement of stock options and restricted stock units | (307 | ) | - | |||||
| Net cash provided by (used in) financing activities | (133 | ) | 23,432 | |||||
| Net change in cash and cash equivalents | (2,131 | ) | 22,407 | |||||
| Cash and cash equivalents, beginning of period | 56,006 | 15,740 | ||||||
| Cash and cash equivalents, end of period | $ | 53,875 | $ | 38,147 | ||||
| Supplemental non-cash disclosures: | ||||||||
| Right-of-use asset - operating obtained in exchange for lease liability - operating | $ | - | $ | 274 | ||||
| Aeluma, Inc. and Subsidiary Reconciliation of GAAP and Non-GAAP Financial Measures (unaudited) | ||||||||||||
| Three Months Ended | ||||||||||||
| ($ in thousands, except per share data) | September 30, 2026 | June 30, 2026 | September 30, 2025 | |||||||||
| GAAP net loss | $ | (3,756 | ) | $ | (4,013 | ) | $ | (1,493 | ) | |||
| Non-GAAP adjustments: | ||||||||||||
| Stock-based compensation | 1,376 | 1,308 | 1,056 | |||||||||
| Total adjustments to GAAP net loss | 1,376 | 1,308 | 1,056 | |||||||||
| Non-GAAP net loss | $ | (2,380 | ) | $ | (2,705 | ) | $ | (437 | ) | |||
| Depreciation & amortization | 130 | 126 | 102 | |||||||||
| Interest income | (492 | ) | (359 | ) | (115 | ) | ||||||
| Adjusted EBITDA | $ | (2,742 | ) | $ | (2,938 | ) | $ | (450 | ) | |||
| GAAP net loss per share – basic and diluted | $ | (0.19 | ) | $ | (0.22 | ) | $ | (0.09 | ) | |||
| Non-GAAP adjustments | 0.07 | 0.07 | 0.06 | |||||||||
| Non-GAAP net loss per share – basic and diluted | $ | (0.12 | ) | $ | (0.15 | ) | $ | (0.03 | ) |
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