Nuburu (NYSEAMERICAN:BURU) Posts Quarterly Earnings Results

Nuburu (NYSEAMERICAN:BURU) issued its quarterly earnings data on Tuesday. The company reported $1.04 earnings per share for the quarter, FiscalAI reports. The business had revenue of ($0.18) million during the quarter.

Nuburu Stock Down 2.5%

Shares of BURU traded down $0.00 during trading hours on Thursday, hitting $0.17. 4,846,833 shares of the company were exchanged, compared to its average volume of 23,011,930. Nuburu has a fifty-two week low of $0.15 and a fifty-two week high of $4.25. The company has a market cap of $17.13 million, a price-to-earnings ratio of 0.00 and a beta of 0.84. The firm’s fifty day moving average is $0.47 and its 200 day moving average is $0.95.

Hedge Funds Weigh In On Nuburu

Hedge funds and other institutional investors have recently modified their holdings of the business. Commonwealth Equity Services LLC bought a new position in Nuburu in the fourth quarter valued at about $25,000. State Street Corp acquired a new stake in Nuburu during the 4th quarter worth approximately $48,000. Geode Capital Management LLC lifted its holdings in shares of Nuburu by 78.4% during the second quarter. Geode Capital Management LLC now owns 259,550 shares of the company’s stock worth $91,000 after purchasing an additional 114,030 shares during the period. Allworth Financial LP bought a new stake in shares of Nuburu in the 4th quarter valued at about $94,000. Finally, Millennium Management LLC acquired a new stake in Nuburu during the 4th quarter valued at approximately $121,000. 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.