Added to YB: 2026-03-06
Pitch date: 2026-03-04
ALMU [bullish]
Aeluma, Inc.
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 optoelectronic and electronic devices for sensing, communication, and computing applications in the United States.
Market Cap
$348.0M
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
-67.13
P/E
-109.47
EV/Sales
59.39
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Aeluma (ALMU): The AI Photonics Window Is Closing — And The Market Still Hasn’t Priced It
ALMU: AI optical interconnect bottleneck shifting to high-speed detectors where Aeluma's III-V on 200/300mm silicon platform delivers scale + cost advantage vs legacy InP. ~20 customers across datacenter, defense, mobile; FY26 ramp, FY27+ revenue inflection. $38.6M cash, no debt, fab-light model. Mid-$300M valuation leaves little credit for pipeline conversion. First high-volume datacenter order or Tier-1 mobile SWIR integration = re-rating catalyst. Downside: slower ramp/quals. Upside: engagement conversion, yield validation, ecosystem confirmation. Paying for ambiguity before inevitability reprices.
Read full article (5 min)