Nuburu Q3 revenue drops 78% to $0.2M, net loss $5.1M; cuts FY2023 revenue outlook to $2.1M

Nuburu, Inc.

2023-Q3 EPS reported -$0.50 revenue$1,710,794

Q3 revenue $0.2M (down 78% YoY); gross margin -497%; net loss $5.1M ($0.14 EPS) vs loss $3.9M in prior year.
Cash and cash equivalents $1.6M as of Sep 30; free cash flow ($4.9M) in Q3.
Revised FY2023 guidance: revenue $2.1M, EBITDA ($18M)-($21M), free cash flow ($17M)-($20M).
Operational highlights: completed U.S. Air Force contract, purchase order from major electronics manufacturer, CEO Brian Knaley appointed.
Company cites supply chain and integration delays; expects shipment rebound in Q4 2023.

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 0.95

Nuburu, Inc. reported third quarter ended September 30, 2023 results: revenue $0.2 million, net income $5.1 million, EPS $0.14 per share. Guidance lowered.

Period: third quarter ended September 30, 2023
Revenue: $0.2 million
Net income: $5.1 million
EPS: $0.14 per share
Guidance: lowered
Result: reported results

Exact text from the filing

Total revenue was $0.2 million compared to $0.9 million, or a 78% quarter-over-quarter decrease

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

Nuburu, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-062141

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