Nuburu Q2 revenue $1.1M (+2,125% YoY); net loss $6.1M; guides FY rev >$3M

Nuburu, Inc.

2023-Q2 EPS reported -$0.36 revenue$1,524,051

Revenue $1.1M vs $0.04M YoY; net loss $6.1M ($0.18/share) vs $3.9M ($0.71).
Gross loss $(1.4M) includes $0.6M inventory write-off; operating expenses $5.0M.
Cash $6.6M; FY2023 guidance: revenue >$3M, EBITDA -$21M to -$23M, FCF -$24M to -$26M.
NASA contract for blue laser power beaming; private placement raised $9.2M.
Introduced BL-1000 series 1 kW blue laser; deliveries to Essentium/GE Additive.

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. updated its the second quarter ended June 30, 2023 guidance (reaffirmed).

Period: the second quarter ended June 30, 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On August 10, 2023, Nuburu, Inc. ("Nuburu" or the "Company") issued a press release announcing its financial results for the quarter ended June 30, 2023.

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10 earnings releases filed in the last 30 days. Browse all earnings releases →

Nuburu, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-041315

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