The company posted a loss of $4 million, or 22 cents a share, a significant expansion from the $859,000 loss recorded during the same period last year. Revenue mirrored this downward trend, sliding to $582,000 from $1.32 million, with the bulk of earnings still derived from research and development contracts.
In section Market Quotes
Aeluma Shares Tumble as Quarterly Losses Deepen
Aeluma shares dropped 7.4% to $12.44 in after-hours trading Wednesday after the semiconductor firm reported a sharp decline in revenue alongside a widened fourth-quarter loss. This dip adds to a difficult year for the company, which has seen its stock value fall 22% since January.
Aeluma is now pivoting away from early-stage government R&D projects toward commercial scale. This strategy relies heavily on a July letter of intent with the Commerce Department, which could provide up to $30 million in Chips Act funding. CEO Jonathan Klamkin stated that fiscal 2027 will prioritize product development and expanding customer engagement, specifically targeting AI datacom firms to secure non-recurring engineering agreements.
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