Aeluma Reports Q1 2027 Revenue Decline Amid Increased R&D Investment
Aeluma, Inc. (ALMU) reported a decline in first-quarter revenue to $568,000, down from $1.4 million in the prior year's first quarter. The company attributed this decrease to a strategic shift toward prioritizing research and development programs designed to align with long-term commercial priorities in the AI datacom market. Financial losses widened significantly during the period, with a GAAP net loss of $3.8 million ($0.19 per share) compared to a $1.5 million loss last year. This was driven by increased spending on headcount and product development, specifically regarding photodetector and quantum dot laser technologies. Despite these costs, Aeluma is expanding its manufacturing capabilities to 200mm wafers and is currently negotiating for up to $30 million in proposed CHIPS Act funding from the U.S. Department of Commerce.