Aeluma, Inc. is a US-based semiconductor company that develops high-performance optoelectronic and electronic devices for sensing, communication, and computing applications. The company specializes in manufacturing compound semiconductor materials and chips on large-diameter silicon wafers. Its products, which include shortwave infrared sensors and quantum dot lasers, are utilized across mobile, automotive, artificial intelligence, and defense markets.
Aeluma defines significant customers as those representing 10% or more of revenue or accounts receivable. For the fiscal year ended June 30, 2025, 71% of revenue was derived from Customer E; for the fiscal year ended June 30, 2024, 36%, 31% and 17% of revenue was derived from Customers A, B and C, respectively. As of June 30, 2025, 100% of accounts receivable was attributable to Customer E; as of June 30, 2024, 18%, 28% and 54% of accounts receivable were attributable to Customers C, D and F, respectively. Customers A, B, C, D and E are government agencies. Aeluma notes that, due to concentration and ongoing consolidation in the semiconductor industry, over the longer term its revenues may depend on relatively few customers, which could cause revenue and stock-price volatility.