Aeluma Inc. Common Stock (ALMU)

FairStock Score: 36/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I am wary of businesses that consume capital without proving they can earn a profit. Aeluma operates in photonics and semiconductors, a field where scale and intellectual property can create a moat, but with 24 employees and fiscal 2026 revenue of $4.5M (the year ended 2026-06-30), the company has not yet demonstrated one. In fiscal 2026, the year ended 2026-06-30, it reported revenue of $4.5M, net income of -$9.2M, and diluted EPS of -$0.52. In fiscal 2025, the year ended 2025-06-30, revenue was $4.7M, net income -$3.0M, and EPS -$0.23. So revenue was roughly flat while losses widened sharply. The latest filed quarter, fiscal Q3 2026 ended 2026-03-31, showed revenue of $1.2M, net loss of $1.8M, and EPS of -$0.10 - still no sign of operating leverage. Financial health has one bright spot: D/E of 0.04 and an Altman Z-Score of 30.66, both FairStock calculations. But trailing FCF is -$3.9M, FCF yield -2.1%, ROE -24.48%, ROCE -15.90%, and Piotroski F-Score 2/9. At the 2026-10-13 close of $9.81, market cap is $189M. FairStock shows P/E -18.87 and P/B 3.31, and its overall score is 36/100. Paying over three times book for a loss-making company with negative returns on capital offers no margin of safety. Growth from FY2024 revenue of $919K to $4.5M in FY2026 is notable, but it has not translated into profits. FairStock's Lynch category is none because of losses in each of the last four years. Until Aeluma proves sustainable earnings, I view it as speculation, not a value investment.

In plain English: Aeluma makes advanced optical and electronic chips for communications and sensing, with only 24 employees. The business is still very small and unprofitable: in fiscal 2026, the year ended 2026-06-30, it reported $4.5 million of revenue and a $9.2 million net loss. At the 2026-10-13 close of $9.81, the stock looks expensive relative to the company's current sales, net worth, and lack of profits.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q3 2026 10-Q (period ended 2026-03-31) · fiscal Q2 2026 10-Q (period ended 2025-12-31) · fiscal Q1 2026 10-Q (period ended 2025-09-30) · fiscal Q3 2025 10-Q (period ended 2025-03-31) · FY2026 10-K (period ended 2026-06-30) · FY2025 10-K (period ended 2025-06-30) · FY2024 10-K (period ended 2024-06-30)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer