Investors looking at Aeluma’s (NASDAQ: ALMU) position in AI and the April stock price increase were blessed with an opportunity triggered by the fiscal Q3 release. Through no fault of its own, the company missed revenue expectations, which weren’t all that hot to begin with.
Aeluma is technically a pre-revenue company, with forecast revenue of $1.35 million tied to government contracts. These contracts weren’t revoked; rather, they were merely delayed by government shutdowns that have since been resolved.
