StockDriftsAeluma, Inc. · ALMU · 10-K · Filed
Reports FY2026 revenue of $4.5M, net loss widens to $9.2M
ALMU
10-K
Periodic reports
Source: SEC EDGAR, accession 0001213900-26-100584
What did Aeluma, Inc. announce?
Aeluma reported roughly flat FY2026 revenue of $4.46 million and a net loss of $9.16 million, up from $3.02 million, and disclosed a material weakness in internal control over financial reporting.
Key details
- Net loss widened to $9.16 million for the fiscal year ended June 30, 2026 from $3.02 million a year earlier; diluted loss per share was $0.52 versus $0.23.
- Operating expenses drove the swing: research and development rose to $4.67 million from $1.30 million, general and administrative to $7.09 million from $3.63 million, and cost of revenue to $2.89 million from $1.88 million.
- Cash and cash equivalents were $56.0 million at June 30, 2026 versus $3.6 million a year earlier, after $43.5 million of net proceeds from a public offering, $708 thousand from warrant exercises and $104 thousand from option exercises.
- Management identified a material weakness in internal control over financial reporting as of June 30, 2026, citing insufficient personnel with technical accounting and SEC reporting expertise, and concluded disclosure controls and procedures were ineffective; a full-time CFO was hired August 4, 2025.
- Six government contracts totaling $5.3 million were awarded in FY2026, versus six totaling $13.8 million in FY2025; remaining performance obligations under obligated government contracts were approximately $5.4 million at June 30, 2026.
- Customer concentration remains acute: two customers accounted for 59% and 14% of FY2026 revenue, versus 71% from a single customer in FY2025; the company had 27 employees at June 30, 2026.
Reported results
| Measure | Reported |
|---|---|
| Period | FY2026 |
| Revenue | $4.46M |
| Revenue, year ago | $4.67M |
| Revenue growth, YoY | -4.4% |
| Gross margin | 35.2% |
| Diluted EPS | $-0.52 |
| Reporting currency | USD |
Figures as reported by Aeluma, Inc. in this filing, in USD. Year-over-year growth is calculated from the two revenue lines above.
Why it matters
This 10-K reports a periodic report at Aeluma, Inc.. The likely share-price reaction reads as negative.
Bearish