Aeluma, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2024
May 10, 2024 at 07:10 am EDT
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Aeluma, Inc. reported earnings results for the third quarter and nine months ended March 31, 2024. For the third quarter, the company reported sales was USD 0.343894 million. Net loss was USD 0.962651 million compared to USD 1.46 million a year ago. Basic loss per share from continuing operations was USD 0.08 compared to USD 0.13 a year ago. Diluted loss per share from continuing operations was USD 0.08 compared to USD 0.13 a year ago.
For the nine months, sales was USD 0.639286 million. Net loss was USD 3.57 million compared to USD 4.07 million a year ago. Basic loss per share from continuing operations was USD 0.29 compared to USD 0.37 a year ago. Diluted loss per share from continuing operations was USD 0.29 compared to USD 0.37 a year ago.
Aeluma, Inc. develops optoelectronic devices for sensing and communications applications. The Company is engaged in the research and development of infrared (IR) optical sensors to disrupt the market for IR sensors. This enables the manufacturing of high-performance photodetector array circuits for imaging applications in mobile devices. These devices may be used as image sensors that generate an image by detecting light, in a manner similar to a digital camera taking pictures. Its devices may incorporate additional functionality for three-dimensional (3D) image capture when integrated into various system architectures. This technology can enhance the performance and capability of camera image sensors, LiDAR, AR/VR, facial recognition and other applications. Its potential markets include automotive LiDAR, industrial LiDAR, robotics, mobile, communications, defense and aerospace.
AELUMA, INC. 
