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Aeluma Provides Second Quarter of Fiscal Year 2025 Results and Raises Revenue Guidance
Reports Record Second Quarter with Revenue Growth over 500%Raises Revenue Outlook for Fiscal Year 2025 by 10% GOLETA, CA / ACCESS Newswire / February 10, 2025
About this update from Aeluma, Inc.
[{"type":"text","content":"Reports Record Second Quarter with Revenue Growth over 500%Raises Revenue Outlook for Fiscal Year 2025 by 10% GOLETA, CA / ACCESS Newswire / February 10, 2025 / Aeluma, Inc. (OTCQB:ALMU), a semiconductor company specializing in high performance, scalable technologies for mobile, automotive, AI, defense & aerospace, communication and quantum computing, today provided a corporate update and announced financial results for the second quarter of fiscal 2025, which ended December 31, 2024.Recent Company HighlightsRecord Revenue: Recognized record high quarterly revenue of $1.6 million, growing over 500% year-over-year, reflecting continued strategic growth across government and commercial contractsNASA Contract Announcement: Secured NASA contract to advance quantum dot photonic integrated circuits for aerospace and AI applicationsGrowing Revenue Backlog: Strengthened revenue pipeline through multiple high-impact government and commercial agreementsSilicon Photonics Momentum: Joined AIM Photonics as full industry member in an effort to accelerate quantum dot laser technology for silicon photonicsIntellectual Property Expansion: Filed two new patent applications for quantum computing and sensingOptica Membership and Leadership: Announced Optica corporate membership and CEO Jonathan Klamkin's Industry Vice Chair role the Advanced Photonics CongressMagazine Article Publication: Published article in Compound Semiconductor Magazine highlighting Aeluma's scalable, high-performance semiconductor technologyMedia Appearance:CEO Jonathan Klamkin appeared on Schwab Network to discuss semiconductor advancements for AI, Quantum Computing and SensingTechnical Milestone Achieved: Completed a key technical milestone for an ongoing commercial development contractNew Contract Negotiations: Entered negotiations for additional development contracts with potential to be executed within the next fiscal quarterSPIE Photonics West Showcase: Highlighted innovative technologies at SPIE Photonics West Exhibition in San Francisco, CaliforniaManagement Commentary\"Aeluma's second-quarter performance underscores the potential for our high-performance semiconductor technologies, with revenue reaching $1.6 million, driven by strategic execution of government and commercial contracts,\" said Jonathan Klamkin, Ph.D., Founder and CEO of Aeluma. \"Our advancements in qu...