Aeluma, Inc. engineers optoelectronic components primarily for integration into sensing and communication systems. The company fabricates these devices utilizing compound semiconductor materials ...
Aeluma, Inc. is a pioneering semiconductor company that engineers high-performance optoelectronic and electronic devices for applications in sensing, communication, and computing. Founded in 2019 by Dr. Jonathan Klamkin, a professor at UC Santa Barbara, the company is headquartered in Goleta, California, and listed on the NASDAQ Capital Market under the ...Aeluma, Inc. is a pioneering semiconductor company that engineers high-performance optoelectronic and electronic devices for applications in sensing, communication, and computing. Founded in 2019 by Dr. Jonathan Klamkin, a professor at UC Santa Barbara, the company is headquartered in Goleta, California, and listed on the NASDAQ Capital Market under the ticker ALMU. Aeluma's core technology combines compound semiconductor materials, such as indium gallium arsenide (InGaAs), with large-diameter silicon wafers, enabling scalable manufacturing processes similar to those used in the microelectronics industry. This proprietary approach allows the company to produce high-performance devices at lower costs and with greater efficiency, targeting markets including mobile devices, automotive LiDAR, artificial intelligence (AI), defense and aerospace, communication systems, augmented reality (AR) and virtual reality (VR), and quantum computing. The company's product portfolio includes photodetectors, laser diodes, and other optoelectronic components that are critical for advanced sensing and high-speed data transmission. Aeluma also offers fabrication services leveraging its unique platform. Financially, Aeluma is in a growth phase, with a market cap of approximately $335 million as of the latest data, and has invested heavily in research and development (R&D) to advance its technology. The company reported negative earnings and cash flow, typical for early-stage innovative firms, but maintains a strong balance sheet with substantial cash reserves and low debt. Key personnel include CEO and founder Jonathan Klamkin, who brings deep academic and industry expertise in photonics and semiconductor devices. Aeluma continues to expand its intellectual property and partnerships, positioning itself for future growth in the rapidly evolving semiconductor landscape. With a focus on innovation and scalability, Aeluma aims to transform the optoelectronics industry and enable next-generation technologies. The company's recent corporate website relaunch underscores its commitment to engaging investors and customers, while its participation in government programs such as SBIR highlights its relevance in defense and aerospace applications. Aeluma's collaborative ecosystem with universities and industry leaders fosters a culture of innovation. Despite its early-stage nature, the company's strategic vision and technological breakthroughs make it a compelling player in the semiconductor sector, with potential to impact multiple high-growth industries. As it navigates commercialisation, Aeluma remains dedicated to delivering high-performance, cost-effective solutions that address the growing global demand for advanced sensing and communication capabilities. This comprehensive approach positions Aeluma to create significant value for shareholders and stakeholders in the years to come.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$4.7M
+407.6%
-3.9%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$-3.0M
+33.8%
+2.9%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+59.6%
+82.6%
+13.8%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
-45.9%
+90.8%
-6.3%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
-64.8%
+87.0%
-1.1%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$-1.3M
+65.3%
-174.8%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
-28.1%
+93.2%
-186.1%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
5.3%
-88.8%
-2.2%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
24.59x
+1006.8%
-46.5%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Good day, and thank you for standing by. Welcome to Aeluma's Third Quarter Fiscal Year 2026 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference call is being recorded. At this time, I would like to turn the call over to Alex Villalta, Aeluma Investor Relations. Please go ahead.
Alex Villalta: Good afternoon, and welcome to Aeluma's Third Quarter Fiscal 2026 Earnings Call. I'm here today with Founder and CEO, Dr. Jonathan Klamkin; and CFO, Christopher Stewart. Today's discussions and responses to questions may include forward-looking statements, which are subject to various risks and uncertainties that could cause our actual results to differ materially from these statements. These risks and uncertainties are detailed in the earnings press release issued today, along with the reports filed with the United States Securities and Exchange Commission. These reports, along with today's earnings release can be found under the Investors section of our website. Aeluma assumes no obligation to update or revise any forward-looking statements to reflect events or circumstances that may arise after the date of this call. Throughout the discussion, the company will refer to non-GAAP financial measures, including EBITDA and adjusted EBITDA. A reconciliation of non-GAAP financial measures to the most directly comparable GAAP measures is included in our earnings press release and SEC filings. Now, I'll turn the call over to Aeluma's CEO, Jonathan Klamkin.
Jonathan Klamkin: Thank you, Alex, and thank you all for joining today's call. Today, I'll begin with a recap of the Optical Fiber Communication Conference, or OFC, which took place this March in Los Angeles and how Aeluma's engagements in the AI datacom market have accelerated. OFC is the premier optical networking and communication conference. And this year, there was a notable emphasis on the massive build-out of data centers for AI. Data center CapEx investments continue to surge. This has placed a historic demand on high-performance photonics for interconnects and the supply chain wasn't prepared. In response, NVIDIA made 3 investments each of $2 billion in Lumentum, Coherent and Marvell to secure supply of key components, especially lasers and $3.2 billion in Corning for components and packaging. Major laser suppliers are sold out. Therefore, investments are being made to scale indium phosphide fab capacity. However, some major hurdles stand in the way. First, adding fab capacity may require several years. Second, although efforts are being made to transition to 6-inch indium phosphide, many claim this won't provide sufficient supply to meet market demand. And last, there is a major shortage of indium phosphide substrates of all sizes. Suppliers are sold out for years, with only limited increase in capacity expected in the near term and geopolitics adding a degree of uncertainty. When we commenced operations in 2021, we shared foresight with the investment …