Bedrijfsoverzicht
Aeluma, Inc. is a technology enterprise focused on the development and production of optoelectronic and electronic devices designed for sensing, communication, and computing applications within the United States. The company specializes in manufacturing semiconductor materials and chips utilizing compound semiconductors on diameter substrates, which are essential for mass-market microelectronics. Operating within the Technology sector and the Semiconductors industry, Aeluma positions itself as a specialized manufacturer with a distinct focus on advanced material substrates. As of the latest available data, the company holds a market capitalization of $194.21 million and employs a workforce of 12 individuals. The annual revenue reported over the trailing twelve months is $5.23 million. These financial figures indicate that Aeluma operates as a small-cap entity with a limited revenue base relative to its market valuation, suggesting a high reliance on future growth expectations rather than current cash generation to sustain its market capitalization. The disparity between the $194.21 million market cap and the $5.23 million revenue highlights a significant valuation premium often found in early-stage technology firms where investor confidence is placed in the scalability of the underlying semiconductor technology rather than established profit margins.
Financiële gezondheid
The company reported revenue of $5.23 million, net income of -$2,743,000, and EBITDA of -$5,066,000 for the trailing twelve months. The substantial gap between the $5.23 million in revenue and the -$2,743,000 net income reveals a highly aggressive cost structure where operational expenses, likely driven by R&D and substrate manufacturing, significantly erode profitability before taxes. Despite the negative net income and negative EBITDA, the company maintains a positive free cash flow of $487,764, which indicates a degree of financial flexibility allowing the firm to continue operations without immediate external financing. This positive cash flow is supported by a cash balance of $38.57 million, which stands in stark contrast to the relatively minor debt obligation of $1.13 million. The debt-to-equity ratio of 2.78 suggests a leveraged balance sheet structure, yet the massive cash hoard provides a substantial buffer against this leverage. The current ratio of 48.80 demonstrates exceptional short-term liquidity, indicating that the company holds nearly 49 times more current assets than current liabilities. Furthermore, the return on equity stands at -13.8% and the return on assets is -13.9%, metrics that reveal that management is currently destroying value from the shareholder and asset bases due to the company's operational losses.
Waarderingsbeoordeling
The trailing twelve-month P/E ratio is listed as N/A due to the negative earnings, while the forward P/E is -48.91. The negative forward P/E implies that the market expects earnings to remain negative in the near future, preventing a traditional earnings-based valuation from forming. The price-to-book ratio is 4.75, indicating that the market values the company at a significant premium of 4.75 times its net asset value. This high multiple suggests that investors are pricing in substantial future growth potential or proprietary technology value that is not reflected on the balance sheet. The price-to-sales ratio of 37.14 and the EV/EBITDA of -30.95 further confirm that traditional valuation metrics are skewed by the lack of profitability. The stock's price has fluctuated within a 52-week range between a high of $25.88 and a low of $6.08. Without the current share price explicitly listed in the provided facts, the relative trading position cannot be calculated; however, the wide range suggests high volatility. The beta of -1.33 is a unique metric indicating that the stock price moves inversely to the broader market with an intensity 1.33 times the market's average movement. This negative beta suggests a hedge-like characteristic or a highly specific correlation with sector downturns rather than standard market expansion.
Growth & Income
The revenue growth year-over-year is -21.1%, while the earnings growth year-over-year is N/A due to the lack of prior period comparisons or positive earnings. The absence of positive earnings growth prevents a direct comparison of speed between revenue and earnings expansion, but the negative revenue growth indicates a contraction in sales volume or pricing power. As a non-dividend payer, the company reports a dividend yield of N/A and a payout ratio of 0.0%, meaning no portion of earnings is distributed to shareholders. Consequently, the company reinvests its resources, including its substantial cash reserves, back into operations and research to attempt to reverse the revenue decline and achieve profitability. The overall growth and income profile is characterized by a period of revenue contraction with no income distribution, relying entirely on cash reserves and the potential for future semiconductor market expansion to drive a turnaround. The combination of negative revenue growth and negative profitability places the company in a challenging growth phase where income is not generated, and shareholder returns come exclusively through capital appreciation potential rather than dividends.