Added to YB: 2026-02-23
Pitch date: 2026-02-19
ALMU [neutral]
Aeluma, Inc.
-44.55%
current return
Author Info
RICHARD PRATI has 40 years of experience in equity analysis & investment, 20 years on Wall Street, CEO & Co-founder, American Technology Research, Inc., Public & Private Equity. Vanderbilt, BS Economics. MBA - U Rochester. Sign up for the newsletter.
Company Info
Aeluma, Inc. develops photonic and electronic technologies for communications and sensing in the United States.
Market Cap
$245.2M
Pitch Price
$15.96
Price Target
N/A
Dividend
N/A
EV/EBITDA
-20.84
P/E
-24.54
EV/Sales
42.85
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Is Aeluma’s Technology Replicable? Rethinking the Moat in 2026
ALMU (update): III-V epitaxial integration (InGaAs, quantum dots) on 200-300mm Si wafers for SWIR sensing, focal plane arrays & quantum photonics. 10+ yrs process maturity via DARPA/NASA programs. Q2 FY26: $1.3M rev, $38.6M cash, 0 debt. Wafers yielding at foundry scale. 35 patents + defense clearances create moat. Risk: replication by TSMC/GF, execution delays.
Read full article (4 min)