Nuburu Stock Price, News & Analysis

NUBURU, Inc. (NYSE American: BURU) plans to showcase its innovative AO® and new NUBURU BL™ product lines at two major conferences. The first is the 30th Advanced Laser Application Workshop in Novi, Michigan from June 13-15, 2023, focusing on the e-mobility market. The second event is The LASER World of Photonics in Munich, Germany from June 27-30, 2023, attracting over 30,000 attendees. NUBURU's laser technology significantly enhances copper welding and 3D printing, achieving minimal defects and welding speeds up to 8 times faster than traditional lasers. Recognized with multiple industry awards, NUBURU continues to lead in high-power blue laser solutions for various reflective metals, including aluminum and gold.

NUBURU, Inc. (NYSE American: BURU), a leader in blue laser technology, has been selected by the U.S. Department of Defense for a spot on the IDIQ contract for solid-state high-energy laser weapon systems. As one of seven companies chosen, NUBURU can deliver prototypes and equipment under a maximum contract ceiling of $75 million, expected to complete by March 2028. The company highlights its U.S.-based automated manufacturing capabilities as key to meeting DOD needs. Notably, NUBURU did not include any potential revenue from this contract in its 2023 forecasts announced on March 21, 2023.

NUBURU, Inc. (BURU) has announced its financial outlook for the fiscal year ending December 31, 2023, forecasting total revenue exceeding $3 million, marking over 100% year-over-year growth. The company plans to focus on product development and customer alignment, expecting revenue generation to accelerate in the second half of the year. However, projected EBITDA is estimated to be in the range of negative $21.0 million to negative $23.0 million, with free cash flow expected to be negative $24.0 million to negative $26.0 million. The company aims to enhance its balance sheet and invest in technology to support growth initiatives in the coming years.

NUBURU, Inc. (NYSE American: BURU) announces the appointment of Dr. Matthew Philpott as Chief Marketing and Sales Officer. With over 20 years of laser industry experience, including a significant role at Coherent Corp., Dr. Philpott aims to enhance NUBURU's market penetration and product roadmap. CEO Dr. Mark Zediker expressed enthusiasm for Dr. Philpott's proven record in driving exponential growth and improving customer experience. NUBURU specializes in high-power blue laser technology, providing faster and higher-quality welds essential for the evolving manufacturing landscape.

NUBURU, Inc. (NYSE American: BURU) announced its financial results for the fiscal year ending December 31, 2022. The company reported a net income of $11.1 million, down from $17.8 million in 2021, primarily due to a decline in fair value of warrant liabilities, despite a narrowed loss from operations. Additionally, cash and marketable securities in the Trust Account decreased to $33.0 million from $334.4 million in the prior year, largely resulting from the redemption of 30.2 million shares of Class A common stock at approximately $10.03 per share.