NUBURU Issues Letter to Shareholders on Transformation Plan Execution, Initial Revenue Generation and Industrial Platform Build-Out

Key Terms

gaap financial

GAAP, or Generally Accepted Accounting Principles, are a set of standardized rules and guidelines that companies follow when preparing their financial statements. They ensure consistency, transparency, and comparability across different companies, making it easier for investors to understand and compare financial information accurately. This helps investors make informed decisions based on trustworthy and uniform financial reports.

golden power regulatory

A government’s special authority to review, approve, or block investments and takeovers of businesses that touch critical infrastructure, sensitive technology, or national security services. Think of it like a safety switch or referee that can stop or change a deal to protect public interests; for investors it means some transactions may be delayed, modified, or prevented, creating regulatory risk that can affect deal outcomes, valuations, and share prices.

counter-uas technical

Counter-UAS (counter-unmanned aircraft systems) are tools and tactics used to detect, track, and disable or divert drones that pose a threat to people, property, or operations. Think of them as a combination of a security camera, alarm system, and net that can find an unwanted flying device and stop it before it causes harm. Investors care because demand, regulation, and deployment of these systems affect revenue, contract opportunities, legal risk, and the valuation of companies that build or use them.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

DENVER--(BUSINESS WIRE)-- NUBURU, Inc. (NYSE American: BURU), a next-generation dual-use Defense & Security integrated platform company, today issued the following letter to shareholders from Alessandro Zamboni, Executive Chairman and Co-Chief Executive Officer of NUBURU.

Dear Fellow Shareholders,

I want to speak to you plainly, because the story of what NUBURU has become deserves to be heard clearly, above the noise.

One year ago, this was a company with a narrow operating profile and no quarterly revenue. Today it is an integrated Defense & Security platform that generates revenue, carries positive equity, and stands on a real industrial and commercial foundation. That is not a promise about the future — it is what the numbers already show.

Measure us against ourselves. At December 31, 2024, NUBURU reported approximately $7.0 million of total assets and approximately $0.15 million of revenue for full-year 2024. At March 31, 2025, that stood at approximately $1.3 million of total assets and no quarterly revenue. One year later, at March 31, 2026, NUBURU reported approximately $76.1 million of total assets, approximately $407,644 of first-quarter revenue, and positive stockholders’ equity of approximately $2.2 million. That asset base reflects the consolidation of revenue-generating operating businesses into the platform — the real weight of what we have assembled. In twelve months, we rebuilt this Company.

On the listing question, our progress is just as clear. On June 29, 2026, we disclosed that, based on preliminary, unaudited data as of May 31, 2026, we expect stockholders’ equity to materially exceed the $4.0 million threshold applicable under NYSE American’s continued-listing standards for companies with a history of losses.

That revenue comes from operating businesses inside the platform. Lyocon is our photonics and laser factory. Orbit is our software layer — command, validation, evidence, and operational resilience. Each creates commercial value on its own; together they are the engine of the integrated strategy.

And that engine is turning. In April 2026, we disclosed a combined commercial pipeline of more than approximately $6 million across our software and directed-energy verticals — approximately $2.5 million at Lyocon and approximately $3.9 million at Orbit. In June 2026, Orbit secured approximately $240,000 in cumulative customer orders from a Tier-One national telecommunications infrastructure operator, with approximately $825,000 of additional commercial-offer visibility. We updated the market on Lyocon’s LaserTech activity, including approximately $2.39 million of quotations under evaluation — among them an approximately $2.2 million rover quotation. These are commercial pipeline and customer orders, not yet recognized GAAP revenue — and the commercial trajectory at both Lyocon and Orbit is unmistakable.

Make no mistake about what NUBURU is. We are not a passive holding company, and we are not a collection of disconnected subsidiaries. We are building a software-orchestrated, hardware-enabled Defense & Security platform. Lyocon delivers multi-domain photonics and directed-energy. Orbit delivers the software and evidence layer. And once Tekne is fully completed, it brings Italian industrial scale, special vehicles, EW/CEMA capability, and established customer and program relationships.

Two further pillars extend the platform. Through our U.S. joint venture based in Houston – Texas- executed between Maddox Defense Incorporated and NUBURU Defense, we are building a modular, containerized, mobile additive-manufacturing capability to produce drone components, mission-critical structural parts, and field-sustainment hardware for U.S. defense and allied markets. And through the binding head of terms we signed with SunCubes, led by Lyocon, we are opening new laser-based solutions for the platform: a staged alliance of up to €1.0 million targeting directed-energy and counter-UAS applications, with a first project already defined — a blue-laser power-beam solution for submarine and underwater environments for integration into SunCubes’ DEEP LIGHT underwater wireless-power platform.

One architecture. One commercial interface. One brand.

Tekne is our pivotal scaling catalyst, and the process to complete it is underway. We filed the Golden Power notification in June 2026 for the 70% acquisition, and we expect the review to conclude in the first week of August 2026. It is backed by a credible institutional framework, including senior strategic advisers Gen. Pietro Serino, former Chief of Staff of the Italian Army, and Prof. Carlo Alberto Carnevale Maffè of SDA Bocconi.

So I ask you to judge us on the record and on the milestones directly ahead: pipeline converting into contractual orders and recognized revenue; Orbit’s expanding order book and integration; the outcome of Lyocon’s LaserTech quotations; the Golden Power decision on Tekne; and completion of Orbit’s path to full ownership. We will report on every one of them.

I am aligned with you. As a shareholder, alongside this management team and this Board, my interests move with yours — and we are convinced the current share price does not begin to reflect what has been built. NUBURU is not the company reflected in the early-2025 filings. It is a revenue-generating, integrated Defense & Security platform, and we are executing to scale it. You will hear from us at every step.

Sincerely,

Alessandro Zamboni
Executive Chairman & Co-Chief Executive Officer | NUBURU, Inc.

About NUBURU, Inc.

NUBURU, Inc. (NYSE American: BURU) is a next-generation dual-use Defense & Security integrated platform company delivering software-orchestrated, hardware-enabled capabilities for defense and security, critical-infrastructure and digital-resilience markets. Its platform strategy includes directed-energy and non-kinetic effects, electronic warfare and CEMA, defense mobility, operational-resilience software, and advanced deployable manufacturing.

NUBURU is focused on strengthening its capital structure, integrating strategic investments and converting its opportunity pipeline into contractual orders and sustained revenue growth.

For more information, please visit www.nuburu.net and follow NUBURU on X at https://x.com/nuburulasers and on LinkedIn.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements regarding NUBURU’s transformation plan; industrial platform build-out; revenue generation; commercial pipeline, quotations, offers, billings, order value and visibility; integration of Lyocon, Orbit, Tekne, Maddox, SunCubes and the broader Defense & Security platform; the proposed Tekne acquisition and Golden Power process; NYSE American compliance; capital structure, dilution, financing, liquidity and access to capital; market valuation; and the Company’s ability to convert pipeline into contractual orders, recognized revenue and sustained growth.

These statements are subject to risks and uncertainties, including failure to convert pipeline, quotations or commercial offers into orders or revenue; differences between billings, order value, pipeline visibility and revenue recognition; customer delays, cancellations or modifications; failure to complete or finance Tekne; Golden Power delay, conditions or denial; integration challenges; capital access, liquidity, dilution, market-price volatility and NYSE American compliance risks; and other risks described in NUBURU’s SEC filings. NUBURU undertakes no obligation to update any forward-looking statement except as required by law.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260702416067/en/

ir@nuburu.net | press@nuburu.net | www.nuburu.net | Source: NUBURU, Inc.

Source: NUBURU, Inc.