NUBURU Inc
OTC:BURU
NUBURU Inc
Nuburu, Inc. focuses on bringing breakthrough improvements to a broad range of high value applications including welding and 3D printing. The company is headquartered in Centennial, Colorado and currently employs 39 full-time employees. The company went IPO on 2020-09-04. The firm is focused on leveraging fundamental physics and its high-brightness, high-power design to produce a laser in materials processing, which includes laser welding and additive manufacturing of copper, gold, aluminum, and other industrial metals. Its industrial blue lasers produce minimal to defect-free welds that are up to eight times faster than the traditional approaches. Its products include NUBURU AO and NUBURU BL series. Its NUBURU AO and NUBURU BL series lasers weld copper, aluminum, and dissimilar metals. Its NUBURU AO blue laser solutions are used for welding copper foils and busbars thicknesses from a few micrometers (um) to approximately 500 um. The NUBURU BL solutions are used for welding spatter and defect free copper up to 0.5 millimeter (mm), steel, aluminum and dissimilar metals with scanners. The company offers its products in energy storage, aerospace, e-mobility and other industries.
Nuburu, Inc. focuses on bringing breakthrough improvements to a broad range of high value applications including welding and 3D printing. The company is headquartered in Centennial, Colorado and currently employs 39 full-time employees. The company went IPO on 2020-09-04. The firm is focused on leveraging fundamental physics and its high-brightness, high-power design to produce a laser in materials processing, which includes laser welding and additive manufacturing of copper, gold, aluminum, and other industrial metals. Its industrial blue lasers produce minimal to defect-free welds that are up to eight times faster than the traditional approaches. Its products include NUBURU AO and NUBURU BL series. Its NUBURU AO and NUBURU BL series lasers weld copper, aluminum, and dissimilar metals. Its NUBURU AO blue laser solutions are used for welding copper foils and busbars thicknesses from a few micrometers (um) to approximately 500 um. The NUBURU BL solutions are used for welding spatter and defect free copper up to 0.5 millimeter (mm), steel, aluminum and dissimilar metals with scanners. The company offers its products in energy storage, aerospace, e-mobility and other industries.
Revenue Drop: Third quarter sales were just $0.2 million, down 78% from last year due to shipment delays and supply chain constraints.
Supply Chain Issues: Persistent bottlenecks in sourcing scanner and lens components hindered production and deliveries, though these began to ease late in Q3.
Major Contract Milestone: NUBURU completed a key contract with GE Additive and the U.S. Air Force, demonstrating its blue laser technology for scalable 3D printing in defense and aerospace.
Outlook Cut: Full-year 2023 revenue guidance was revised to $2.1 million, well below prior levels, with continued negative EBITDA and free cash flow expected.
Leadership Changes: Brian Knaley was appointed CEO as part of management changes aimed at driving the next phase of growth, and the company is actively seeking a new CFO.
Operating Loss Expanded: Net loss grew to $5.1 million, with cash reserves down to $1.6 million as of quarter-end.
