Aeluma, Inc.

Analysis for Ticker: ALMU

Aeluma Inc develops high-performance semiconductors and sensors for robots, self-driving cars, and quantum computers at its laboratory in California. This high-tech business is functioning as an illusion to move cash from public investors to company insiders while hiding a massive net tangible book deficit of 17,9$ million. It is like a shop that builds fancy gadgets but loses money on every one it makes, so it stays open only by selling more and more pieces of the shop to new people while the owners take the cash for themselves. The math is a disaster because for every share a new person bought for 13,00$ in 09/2025, over 10,83$ of that money vanished instantly to cover the company's old debts and pay fees to bankers.