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NUBURU Inc
OTC:BURU

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NUBURU Inc
OTC:BURU
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Price: 0.2037 USD -1.12% Market Closed
Market Cap: 88.3m USD

NUBURU Inc
Investor Relations

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.

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Last Earnings Call
Fiscal Period
Q3 2023
Call Date
Nov 9, 2023
AI Summary
Q3 2023

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.

Key Financials
Revenue
$0.2 million
Gross Profit
-$0.9 million
Gross Margin
-497%
Total Operating Expenses
$4.2 million
Net Loss
-$5.1 million
EPS
-$0.14
EBITDA
-$4.8 million
Free Cash Flow
-$4.9 million
Cash and Cash Equivalents
$1.6 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Ron Nicol
Executive Chairman
No Bio Available
Mr. Richard Brian Knaley
CFO, CEO & Director
No Bio Available
Mr. Brian Faircloth
Chief Operating Officer
No Bio Available
Mr. Jean-Michel Pelaprat B.S.
Co-Founder & Head of Advisory Committee
No Bio Available
Ms. Teresa Hernandez Betancourt
Chief Human Resources Officer
No Bio Available

Contacts

Address
COLORADO
Centennial
7442 S Tuscon Way, Suite 130
Contacts
+17207671400
www.nuburu.net