Nuburu (NYSEAMERICAN:BURU) Announces Earnings Results

Nuburu (NYSEAMERICAN:BURU) issued its earnings results on Wednesday. The company reported ($0.01) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $0.41 million for the quarter.

Nuburu Trading Up 1.7%

Shares of Nuburu stock traded up $0.00 during trading on Wednesday, hitting $0.19. The stock had a trading volume of 8,342,811 shares, compared to its average volume of 28,618,127. The firm has a market cap of $30.04 million, a price-to-earnings ratio of 0.00 and a beta of 1.45. Nuburu has a 12 month low of $0.15 and a 12 month high of $4.25. The business’s 50-day moving average is $0.22 and its 200 day moving average is $0.68.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Millennium Management LLC bought a new position in shares of Nuburu in the fourth quarter worth $121,000. State Street Corp bought a new position in shares of Nuburu in the fourth quarter worth $48,000. Commonwealth Equity Services LLC bought a new position in shares of Nuburu in the fourth quarter worth $25,000. Geode Capital Management LLC increased its holdings in shares of Nuburu by 103.6% in the fourth quarter. Geode Capital Management LLC now owns 1,001,765 shares of the company’s stock worth $159,000 after purchasing an additional 509,625 shares during the period. Finally, Allworth Financial LP bought a new position in shares of Nuburu in the fourth quarter worth $94,000. Institutional investors own 41.61% of the company’s stock.

Nuburu Company Profile

Nuburu, trading on the NYSE American under the ticker BURU, is a U.S.-based photonics company specializing in the development and manufacture of high-power blue laser diodes and laser systems for industrial manufacturing applications. Leveraging proprietary gallium nitride (GaN) semiconductor technology, Nuburu’s lasers operate at a wavelength of 450 nanometers, offering significantly improved absorption in copper and copper alloys compared to traditional infrared lasers. This enables faster processing speeds, higher precision, and reduced thermal distortion in materials processing tasks such as welding, brazing, cladding, and powder bed fusion additive manufacturing.

Founded in 2018 and headquartered in Chapel Hill, North Carolina, Nuburu serves a global customer base that includes manufacturers in the automotive, electronics, aerospace, and additive manufacturing sectors.