ALMU earnings analysis
What we found in ALMU's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Aeluma Inc. reported Q3 fiscal 2026 results with revenues of $1.22 million, missing estimates of $1.35 million, while EPS matched expectations at -$0.04. The company narrowed its fiscal year 2026 revenue guidance to between $4.2 million to $4.6 million, citing execution delays.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Decline
- Q3 revenue decreased to $1.22 million, down from $1.35 million estimates.
- Stable EPS
- Reported EPS was -$0.04, matching market expectations.
- Increased Cash Reserves
- Cash and equivalents rose to $37.8 million from $15.7 million in June 2025.
- Growth in Government Contracts
- Revenue for the nine months ended March 31, 2026, increased 16% year-over-year to $3.88 million.
- Lower Operating Cash Flow
- Cash used in operating activities increased to $1.64 million, up from $1.08 million in the prior year.
- Narrowed Guidance Range
- Fiscal year revenue guidance updated to $4.2 - $4.6 million from a previous range of $4.0 - $6.0 million.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Increased Operating Losses
- Net loss for the nine months ended March 31, 2026, was $5.1 million, up 138% from $2.2 million in the prior year.
- Public Offering Reliance
- Continued reliance on public offerings for funding, with a $50 million potential offering introduced.
- Dependence on US Government Contracts
- Operational stability may be affected by potential US government shutdowns, impacting revenue from government contracts.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.04
What they said about what is next.
Guidance narrowed from $4.0 million to $6.0 million to $4.2 million to $4.6 million due to execution delays.
The filing reads worse than the one before it.
What came before.
- 10-Q · February 11, 2026
- Aeluma reported quarterly revenue of $1,272,000 (down $340,000 or 21.1% vs $1,612,000 a year ago) and GAAP net loss of $1,853,000 (loss per share $0.11). Liquidity materially improved after equity raises — cash and cash…
- 10-K · September 9, 2025
- Aeluma positions itself as a wafer-scale heterogeneous integration semiconductor company targeting high-performance photodetectors for markets including mobile, defense, AI and quantum. The 10-K emphasizes recent…
- 10-Q · February 11, 2025
- Aeluma reported a sharp revenue pickup to $1,612,519 for the three months ended December 31, 2024 (vs. $262,992 in the prior-year quarter) driven primarily by government contracts, producing gross profit of $1,027,970…
- 10-Q · November 8, 2024
- Aeluma reported revenue of $480,735 for the three months ended September 30, 2024 (up from $32,400 a year ago) and a reduced net loss of $729,619 (loss per share $(0.06)) versus $(1,482,309) and $(0.12) in the prior…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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