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We develop high-performance semiconductors for sensing, communication, and computing applications. Aeluma has pioneered a technique to manufacture devices using compound semiconductor materials on large-diameter substrates that are commonly used to manufacture mass-market microelectronics.
The business is unprofitable at the operating level (-45.92% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 407.6% YoY with margins expanding 450.6pp.
Negative free cash flow of -$1M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$5M
▲ +407.6% YoY
Net Income (TTM)
-$6M
▲ +33.8% YoY
Op. Margin
-129.89%
▲ +450.6pp YoY
ROIC
-14.64%
▲ +54.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$2M
▲ +65.3% YoY
Op. Cash Flow (TTM)
-$2M
▲ +66.8% YoY
Net Debt
-$37M
Net Cash Position
Cash & Equiv.
$38M
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