NUBURU (BURU) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was $407,644, up from zero in Q1 2025, driven by the Orbit and Lyocon acquisitions.

• Net loss for Q1 2026 was $459,898, a significant improvement from a net loss of $16.6 million in Q1 2025.

• The company continues to execute its Transformation Plan, focusing on strategic acquisitions, joint ventures, and platform expansion in defense and security technologies.

• Substantial doubt remains about the company's ability to continue as a going concern due to ongoing losses, negative cash flows, and reliance on external financing.

Financial highlights

• Revenue increased to $407,644 in Q1 2026 from nil in Q1 2025, with $340,365 from Lyocon and $67,279 from Orbit.

• Gross loss was $245,116 in Q1 2026, compared to $235,717 in Q1 2025.

• Operating expenses rose to $7.7 million in Q1 2026 from $2.8 million in Q1 2025, mainly due to higher G&A and selling/marketing costs.

• Net loss per share improved to $(0.01) in Q1 2026 from $(1.40) in Q1 2025.

• Cash and cash equivalents were $8.3 million as of March 31, 2026, down from $24.7 million at year-end 2025.

Outlook and guidance

• Management expects continued net losses and negative cash flows until full commercialization is achieved.

• The company plans to finance operations through additional debt or equity offerings and credit facilities.

• Execution of the Transformation Plan, including further acquisitions and integration, is expected to improve liquidity and operational performance over time.