Aeluma Inc
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Aeluma Inc AI Insights
Informational only. Not investment advice.Snapshot
- Cash of 25.9M covers 6.7 years of burn at -3.8M net loss TTM - no near-term dilution pressure despite pre-profit stage[Cash and Equivalents]
- Gross margin 59% TTM vs industry median 42% - premium pricing power in semiconductor materials despite sub-scale revenue of 5.6M[Gross Margin TTM]
- P/S of 52.6x vs industry median 3.0x - valuation embeds 17x premium requiring massive revenue scale-up to justify[P/S Ratio]
Watch Triggers
- Total Revenue TTM: Quarterly revenue >2M (annualized >8M) — Would signal commercial traction needed to justify premium valuation
- Cash and Equivalents: Falls below 15M — Would reduce runway to <4 years, raising dilution risk
- Gross Margin TTM: Drops below 50% — Would indicate pricing pressure eroding competitive moat
Bull Case
59% gross margin with 25.9M cash provides 6+ year runway to scale without dilution - rare for pre-profit semiconductor
Debt/equity of 0.03 with 40.9M equity vs 1.2M debt - balance sheet optionality for M&A or capacity expansion
Bear Case
52x P/S requires 17x revenue growth to reach industry median - current 1.9% growth implies 45+ years to justify valuation
Operating loss of -3.0M TTM on 5.6M revenue (-54% margin) - path to profitability unclear at current scale
Bull vs Bear Balance
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Forward Thesis
Revenue must reach 15-20M within 2 years for valuation to normalize to industry P/S levels
- Current 5.6M TTM revenue at 52x P/S vs 3x median
- 1.9% revenue growth insufficient to close gap
- 23.4M recent capital raise signals expansion push
Valuation Context
Caveats
ALMU Fundamentals
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$503.74M | — | ||
$466.31M | — | ||
0.00 | — | ||
$5.23M | +92.5% | — | |
$-0.13 | — | ||
-105% | -20.5% | — | |
-52.5% | +152.8% | — | |
$-1.24M | — | ||
0% | — | ||
Beta 5Y (Monthly) | unknown | — |
ALMU Dividend History
ALMU Stock Splits
ALMU SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
02/11/26 | 12/31/25 | 10-Q | |
11/12/25 | 09/30/25 | 10-Q | |
09/09/25 | 06/30/25 | 10-K | |
05/09/25 | 03/31/25 | 10-Q | |
02/11/25 | 12/31/24 | 10-Q | |
11/08/24 | 09/30/24 | 10-Q | |
09/27/24 | 06/30/24 | 10-K | |
05/10/24 | 03/31/24 | 10-Q | |
02/12/24 | 12/31/23 | 10-Q | |
11/09/23 | 09/30/23 | 10-Q | |
09/25/23 | 06/30/23 | 10-K | |
05/15/23 | 03/31/23 | 10-Q | |
02/13/23 | 12/31/22 | 10-Q | |
11/14/22 | 09/30/22 | 10-Q | |
09/28/22 | 06/30/22 | 10-K | |
05/16/22 | 03/31/22 | 10-Q | |
02/15/22 | 12/31/21 | 10-Q | |
11/15/21 | 09/30/21 | 10-Q | |
05/16/22 | 03/31/21 | 10-Q | |
02/15/22 | 12/31/20 | 10-Q | |
11/15/21 | 09/30/20 | 10-Q |