\nNUBURU, Inc. (NYSE American: BURU), a next-generation dual-use Defense & Security integrated platform company focused on non-kinetic effects and directed-energy technologies, electronic warfare and defense mobility programs, software-orchestrated defense systems, and advanced manufacturing, today reported financial results for the first quarter ended March 31, 2026, following the filing of its Quarterly Report on Form 10-Q, and highlighted progress under its Transformation Plan.<\/p>\n
\nThe Company\u2019s Form 10-Q shows a meaningful positive step-change in NUBURU\u2019s balance sheet position and operating activity. Stockholders\u2019 equity was $2.17 million at March 31, 2026, compared with a stockholders\u2019 deficit of $15.18 million at December 31, 2025, representing an improvement of approximately $17.35 million and a return to positive stockholders\u2019 equity after a multi-year deficit position. Revenue was $407,644, compared with no revenue in the first quarter of 2025, driven by the consolidation of Orbit S.r.l. (\u201cOrbit\u201d) and Lyocon S.r.l. (\u201cLyocon\u201d) beginning in January 2026. Net loss was $459,898, compared with a net loss of $16.61 million in the first quarter of 2025.<\/p>\n
“Revenue generation has begun and NUBURU has returned to positive stockholders\u2019 equity,” said Alessandro Zamboni, Executive Chairman and Co-Chief Executive Officer of NUBURU. “The first quarter shows that our Transformation Plan is producing measurable positive results: revenue from the expanded platform, a materially improved net loss profile and a strengthened balance sheet after a multi-year deficit position. As a significant shareholder, I remain fully aligned with our investors, as do the management team and the Board. Execution and financing risks remain, but the Company’s Form 10-Q reflects NUBURU\u2019s move from restructuring toward execution, commercial rollout and scalable revenue growth.<\/i><\/p>\n
We expect to provide updates regarding further positive strategic, operational and financial developments over the coming weeks and months that will further strengthen the business and advance revenue growth.”<\/i><\/p>\n
First Quarter 2026 Highlights<\/b><\/p>\n
Returned to positive stockholders\u2019 equity.<\/span> The Company reported total stockholders\u2019 equity of $2.17 million as of March 31, 2026, compared with a stockholders\u2019 deficit of $15.18 million as of December 31, 2025. Management views the improvement as a key milestone in restoring financial flexibility and advancing its NYSE American compliance plan.<\/p>\n Established initial revenue generation under the expanded platform.<\/span> Revenue of $407,644 for the first quarter of 2026 included $340,365 from Lyocon and $67,279 from Orbit. The Company had no revenue in the first quarter of 2025.<\/p>\n Significantly reducing net loss.<\/span> Net loss was $459,898 for the first quarter of 2026, compared with $16.61 million for the first quarter of 2025.<\/p>\n Expanded the asset base and platform footprint.<\/span> Total assets increased to $76.15 million as of March 31, 2026, from $49.82 million as of December 31, 2025, reflecting strategic investments, acquisitions and the consolidation of Orbit and Lyocon.<\/p>\n Simplified selected obligations while funding strategic expansion.<\/span> The preferred obligation related to the Orbit transaction was reduced to zero from $8.13 million at year-end 2025 in exchange for the future issuance of approximately 10 million shares of the Company\u2019s common stock, and the Series A preferred stock liability declined to $13.44 million from $21.89 million in exchange for the issuance of approximately 31 million shares of the Company\u2019s common stock. Total liabilities increased to $73.05 million from $65.00 million at year-end 2025, primarily reflecting financing and investment activity connected to the Company\u2019s platform expansion.<\/p>\n Advanced strategic platform execution.<\/span> During the quarter, the Company consolidated Orbit, completed the Lyocon acquisition, entered into strategic investments and agreements with Tekne S.p.A. (\u201cTekne\u201d), advanced the Company\u2019s contractual joint venture agreement with Maddox Defense Incorporated for a mobile additive manufacturing program (the \u201cMaddox Program\u201d), and continued to pursue defense and security opportunities through NUBURU Defense.<\/p>\n Selected Financial Results<\/b><\/p>\n \nThe following table summarizes selected first-quarter financial results and balance sheet items. Amounts are unaudited and should be read together with the Company\u2019s Form 10-Q for the quarter ended March 31, 2026.<\/p>\n