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Aeluma, Inc. - ALMU STOCK NEWS

Welcome to our dedicated page for Aeluma news (Ticker: ALMU), a resource for investors and traders seeking the latest updates and insights on Aeluma stock.

Aeluma Inc. (ALMU) is a semiconductor company focused on scalable, cost-effective technologies for LiDAR, communication, and sensing applications. The company recently secured funding to develop high sensitivity photodetectors for high energy physics experiments and commercial markets. Aeluma's core technology combines high performance with cost-effective, scalable manufacturing processes, attracting investments in technology and advancing semiconductor applications in various industries. With a recent focus on defense and aerospace applications, Aeluma continues to market its technology to emerging automotive and mobile sectors while exploring other potential large-scale applications. The company differentiates itself through unique semiconductor manufacturing capabilities, proprietary technology, and a diverse product portfolio.

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Aeluma (OTCQB: ALMU) received new funding from the U.S. Office of Secretary of Defense to develop high-performance single-photon avalanche detectors for satellite and lunar ranging. These detectors are vital for accurate measurements from satellites and other platforms. Aeluma's scalable semiconductor technology is highlighted for its potential in enhancing performance and manufacturing capacity.

Previously, Aeluma won awards from the Navy and the Department of Energy, in addition to an earlier award from the Office of Secretary of Defense. These successes underscore confidence in Aeluma's technology and its applicability to various sectors, including defense, aerospace, quantum, energy, and communication. The recent award reinforces Aeluma's focus on high-sensitivity detectors and their large-diameter wafer technology.

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Aeluma, Inc. (ALMU) will present at the 2024 International Conference on Compound Semiconductor Manufacturing Technology. CEO Jonathan Klamkin, Ph.D., will discuss 'Heterogeneously Integrated Compound Semiconductors on Large-Diameter Substrates for Scaling to Consumer Market Volumes' on May 21, 2024, in Tucson, AZ. The conference focuses on compound semiconductor manufacturing and device technology.

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Aeluma, Inc. (OTCQB: ALMU) reported an increase in revenue driven by funding awards and contracts in the third quarter of fiscal 2024. The company showcased growth with a grant from the Department of Energy and presentations at key industry conferences. However, Aeluma's net loss for the quarter was $962 thousand, with a decrease in cash and cash equivalents compared to the previous year.

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Aeluma, a semiconductor company specializing in high-performance technologies, announced its CEO's interview with Fox News on the importance of onshore semiconductor manufacturing in the AI race. The article highlights the significance of manufacturing semiconductor chips domestically to stay competitive in the AI industry.

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Aeluma, Inc. (ALMU) CEO to present at SPIE Defense + Commercial Sensing 2024 conference on quantum dot and nonlinear materials integration for various applications.
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Aeluma, Inc. (ALMU) secures funding from the U.S. Department of Energy to develop high sensitivity photodetectors for high energy physics experiments and commercial markets. The company's scalable semiconductor technology is recognized for its cost-effectiveness and performance. Aeluma's recent wins from the Navy and the Office of Secretary of Defense highlight the versatility of its technology in defense, aerospace, quantum, and communication applications, signaling potential growth opportunities.
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Aeluma, Inc. (ALMU) reports increased revenue in Q2 fiscal 2024, appoints industry veteran to the Board, and secures government funding. Financially, revenue surged to $262,992 from previous quarters, with a net loss of $1.13 million. Cash reserves decreased to $2.42 million, and shares outstanding stood at 12,167,930.
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Aeluma, Inc. (ALMU) has been awarded funding from the U.S. Office of Secretary of Defense to develop foundry-scale, CMOS-compatible quantum materials. This further validates the company's technology and its broad applicability. Aeluma's recent wins in defense and aerospace applications are significant for recognition and revenue generation. The company's focus on large-volume, emerging commercial applications, such as automotive and mobile, suggests potential for further growth. The award emphasizes scaling to be compatible with large-diameter substrates and CMOS manufacturing, aligning with Aeluma's pioneering technology.
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Aeluma, a semiconductor company specializing in scalable, cost-effective technologies for LiDAR, communication, and sensing, announced its participation in the upcoming SPIE Photonics West event. Aeluma will host an exhibitor booth and deliver a presentation, showcasing its large-diameter wafer technology and semiconductor chip technology for various markets. The company's unique manufacturing capability and proprietary technology aim to offer high-performance and low-cost solutions for emerging markets.
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Aeluma, Inc. (OTCQB:ALMU) announced the election of Craig Ensley, a seasoned semiconductor industry executive, to its board of directors. With extensive experience in various market verticals, Mr. Ensley's appointment comes at a crucial time for Aeluma as it aims to scale its technology for large-volume consumer markets.
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FAQ

What is Aeluma Inc. known for?

Aeluma Inc. is known for its focus on scalable, cost-effective technologies for LiDAR, communication, and sensing applications.

What recent achievements has Aeluma Inc. announced?

Aeluma Inc. recently secured funding to develop high sensitivity photodetectors for high energy physics experiments and commercial markets.

How does Aeluma differentiate itself from other companies?

Aeluma differentiates itself through unique semiconductor manufacturing capabilities, proprietary technology, and a diverse product portfolio.

What sectors does Aeluma focus on?

Aeluma focuses on industries such as automotive, mobile, defense & aerospace, AR/VR, AI, quantum, and communication.

What is the business model of Aeluma Inc.?

Aeluma is developing a streamlined business model from its headquarters in Santa Barbara, California that has a state-of-the-art manufacturing cleanroom.

What recent funding has Aeluma received?

Aeluma recently received funding from the U.S. Department of Energy to develop high sensitivity photodetectors for high energy physics experiments and commercial applications.

Who are the key executives of Aeluma Inc.?

Key executives of Aeluma Inc. include Jonathan Klamkin, Ph.D., Founder, CEO, and Matthew Dummer, Ph.D., Director of Technology.

What recent awards and contracts has Aeluma won?

Aeluma recently announced wins from the Navy, Office of Secretary of Defense, and Department of Energy to apply its technology to defense & aerospace, quantum, and communication applications.

How does Aeluma's technology impact emerging applications?

Aeluma's transformative semiconductor chip technology enhances performance and scale manufacturing, critical for emerging applications in various industries.

What is the financial status of Aeluma Inc.?

Aeluma reported revenue of $344 thousand and a net loss of $962 thousand for the quarter ended March 31, 2024, and had $1.87 million in cash and cash equivalents.

Aeluma, Inc.

OTC:ALMU

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43.23M
6.22M
47.29%
Semiconductors
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