Aeluma Q1 FY27 net loss more than doubles year over year to $3.76 million
ALMU•Aeluma reported a $3.76 million net loss for the first quarter of FY27, more than double the year-earlier loss, as revenue fell 59% to $568,000. The company also described plans to expand manufacturing capacity and continued negotiations for proposed CHIPS funding of up to $30 million.
1. Quarterly results
Aeluma's first-quarter FY27 net loss more than doubled year over year to $3.76 million. Revenue fell 59% to $568,000, generated primarily from R&D contracts.
2. Capacity and funding
Aeluma signed a purchase agreement with Aixtron for a new 200 mm-capable MOCVD system to expand manufacturing capacity. Negotiations continued with the U.S. Department of Commerce for up to $30 million in proposed CHIPS funding for AI photonics.
