The narrowed guidance midpoint and widening operating losses signal a slower-than-expected commercialization trajectory. Monitor for further contract execution updates and cash burn rate; the $37.8M cash position provides a runway of approximately 5-6 quarters at the current burn rate. The stock may face pressure from the lowered guidance and lack of near-term revenue catalysts.
Price Chart
Executive Summary
Aeluma reported Q3 FY2026 revenue of $1.2M, down from $1.3M a year ago, and a GAAP net loss of $1.8M ($0.10/share) vs. a net gain of $1.5M in the prior year period. The company narrowed its FY2026 revenue guidance to $4.2M-$4.6M from $4.0M-$6.0M, citing delays in government contract execution. While the company highlighted $5M in new contract wins and manufacturing partnerships, the declining revenue, widening operating losses, and lowered guidance midpoint point to a bearish outlook.
Key Financial Metrics
Key Facts
- Q3 FY2026 revenue of $1.2M, down from $1.3M in Q3 FY2025
- GAAP net loss of $1.8M ($0.10/share) vs. net income of $1.5M ($0.12/share) in Q3 FY2025
- Adjusted EBITDA loss of $911K vs. a gain of $109K in Q3 FY2025
- FY2026 revenue guidance narrowed to $4.2M-$4.6M from $4.0M-$6.0M (midpoint lowered)
- Cash and cash equivalents of $37.8M at March 31, 2026, down from $38.6M at December 31, 2025
- Six new development contracts totaling $5M in value secured year-to-date
- Operating cash outflow of $1.64M in the nine months ended March 31, 2026, vs. $1.08M in the prior year period
Financial Impact
Revenue declined ~3.8% YoY; GAAP net loss of $1.8M vs. net income of $1.5M YoY; guidance midpoint lowered by $0.6M
Risk Factors
- Government contract execution delays could further impact revenue guidance
- Operating losses are widening as the company scales headcount and manufacturing capabilities
- Cash burn rate of ~$1.6M per quarter in operating activities may accelerate
- No analyst consensus available for the current quarter, making surprise assessment impossible
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-055893 |
| Document: ea0289943-8k_aeluma.htm | 0001213900-26-055893 |
| Document: 0001213900-26-055893-index-headers.html | 0001213900-26-055893 |
| Document: 0001213900-26-055893-index.html | 0001213900-26-055893 |
| Document: 0001213900-26-055893.txt | 0001213900-26-055893 |
| 8-K Data (Synthetic) | 0001213900-26-055893 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | 8-K | $7.17 | awaiting T+20 | — | $6.61 (−7.81%) |
Sep 30, 2026 26d ago | DEF 14A | $12.58 | awaiting T+20 | — | $6.61 (−47.46%) |
Sep 16, 2026 5w ago | 8-K | $11.55 $8.85 | ▲ +23.34% | ▲ +24.55% | $6.61 (+42.75%) |
Sep 16, 2026 5w ago | Press Release | $11.55 $8.85 | ▲ +23.34% | ▲ +24.55% | $6.61 (+42.75%) |
Aug 26, 2026 8w ago | 144 | $13.82 $13.61 | ▼ −1.52% | ▼ −2.72% | $6.61 (−52.17%) |
May 19, 2026 22w ago | 144 | $21.94 $24.86 | ▼ −13.33% | ▼ −12.35% | $6.61 (+69.87%) |
May 19, 2026 22w ago | 8-K | $21.94 $24.86 | ▲ +13.33% | ▲ +12.35% | $6.61 (−69.87%) |
May 13, 2026 23w ago | 8-K | $26.65 $25.20 | ▲ +5.44% | ▲ +4.58% | $6.61 (+75.20%) |
May 13, 2026 23w ago | Press Release | $26.65 $25.20 | ▲ +5.44% | ▲ +4.58% | $6.61 (+75.20%) |
Mar 10, 2026 32w ago | Press Release | $15.82 $11.49 | ▼ −27.37% | ▼ −27.22% | $6.61 (−58.22%) |
US Market Status
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