Nuburu FY26 Q2 net loss narrows to $6.48 million; revenue turns to $524,927 - BURU News | RalliesNuburu FY26 Q2 net loss narrows to $6.48 million; revenue turns to $524,927
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BURU• Tekne acquisition advances after approval
- Tekne acquisition advanced with Golden Power approval received Aug. 5, 2026; closing of a 70% stake is expected about 30 days later.
Quarterly results improve but losses remain
- Nuburu posted a net loss of $6.48 million for the quarter ended June 30, 2026, narrowing from a net loss of $12.22 million.
- Revenue was $524,927, versus no revenue a year earlier, while gross loss widened to $378,569 from $4,538.
- Operating loss widened to $5.82 million from $4.62 million as selling and marketing expense climbed to $1.58 million from $526,996.
- Non-operating items included a $3.09 million loss from changes in fair value of investments, partly offset by a $829,415 gain on warrant liabilities.
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