Nuburu Q1 revenue $0.5M (+422% YoY); net loss $4.8M; reiterates 2023 guidance

Nuburu, Inc.

2023-Q1 EPS reported -$0.19 revenue$469,989

Revenue $0.5M vs $0.1M YoY, a 422% increase; gross margin improved to (158)% from (517)%.
Net loss $4.8M ($0.19 per share) vs $2.3M ($0.44) YoY; EBITDA -$4.6M vs -$2.2M.
Cash and equivalents $1.5M as of March 31; additional cash received post-quarter.
Launched Nuburu BL TM Series laser; selected for DoD contract with $75M ceiling.
Reiterated 2023 guidance: revenue >$3M, EBITDA -$21M to -$23M, FCF -$24M to -$26M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Nuburu, Inc. reported the first quarter ended March 31, 2023 results: revenue $0.5 million, net income $4.8 million, EPS $0.19 per share. Guidance reaffirmed.

Period: the first quarter ended March 31, 2023
Revenue: $0.5 million
Net income: $4.8 million
EPS: $0.19 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

specific reference in such a filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 NUBURU, Inc. Announces First Quarter 2023 Results First quarter revenue of approximately $0.5 million, representing a 422% year-over-year increase Launched new Nuburu BL TM Series laser Centennial, Colo. — May 11, 2023 — NUBURU, Inc. (“NUBURU” or the "Company") (NYSE American:

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Source: SEC EDGAR

accession 0000950170-23-021224

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