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Aeluma (ALMU) Q2 FY25 earnings results (second quarter fiscal 2025)

10-Q filed Feb 11, 2025

Aeluma (ALMU) reported revenue of $1.6M for the second quarter fiscal 2025 (Q2 FY25), +513% from a year earlier and +235% from the quarter before. Operating margin was 24.1%, net loss $2.9M (179.6% of revenue).

Revenue$1.6M
Year over year+513%
Quarter over quarter+235%
Operating margin24.1%
Net earnings−$2.9M

Aeluma, Q2 FY25: revenue $1.6M (+513% year over year), operating margin 24.1%, net loss $2.9M, operating cash flow −$401K. The chart follows the revenue to costs, profit and cash.

Q2 FY25AmountQ/QY/Y
Revenue$1.6M+235%+513%
Operating profit$389K——
Net earnings−$2.9M——
Operating cash flow−$401K——

What changed

Revenue was $1.6M in Q2 FY25, up 513% year over year and up 235% from the previous quarter. Government Contracts was the largest line at 91% of revenue.

Operating profit was $389K, a 24.1% margin (up 453.3 points year over year). Total costs fell 12% while revenue rose 513%. The fastest-growing cost line was Cost of revenue (+327%). The quarter ended with a net loss of $2.9M, wider than the previous quarter's $730K loss. Net interest and other expense of $3.3M was the main reason.

Operating cash flow was −$401K. Non-cash charges added back $102K of depreciation and amortization and $149K of share-based compensation. Working capital and other items added $2.2M. Capital expenditures of $39K exceeded it, leaving free cash flow of −$440K.

Questions

What was Aeluma's revenue in the second quarter fiscal 2025?

Aeluma (ALMU) reported revenue of $1.6M for the second quarter fiscal 2025 (Q2 FY25), +513% from a year earlier and +235% from the quarter before.

Was Aeluma profitable in the second quarter fiscal 2025?

Operating profit was $389K (24.1% of revenue) and net loss $2.9M.

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Source: Aeluma 10-Q on SEC EDGAR.