NUBURU Reports First Quarter 2026 Results, Highlighting Initial Revenue Generation and Return to Positive Stockholders' Equity

Company reports $17.35M stockholders' equity improvement, expanded $76.15M asset base and initial commercial traction under its Defense & Security platform

NUBURU, Inc. (NYSE: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.

The Company's Form 10-Q shows a meaningful positive step-change in NUBURU's balance sheet position and operating activity. Stockholders' equity was $2.17 million at March 31, 2026, compared with a stockholders' deficit of $15.18 million at December 31, 2025, representing an improvement of approximately $17.35 million and a return to positive stockholders' 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. ("Orbit") and Lyocon S.r.l. ("Lyocon") beginning in January 2026. Net loss was $459,898, compared with a net loss of $16.61 million in the first quarter of 2025.

"Revenue generation has begun and NUBURU has returned to positive stockholders' 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's move from restructuring toward execution, commercial rollout and scalable revenue growth.

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."

First Quarter 2026 Highlights

Returned to positive stockholders' equity. The Company reported total stockholders' equity of $2.17 million as of March 31, 2026, compared with a stockholders' 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.

Established initial revenue generation under the expanded platform. 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.

Significantly reducing net loss. Net loss was $459,898 for the first quarter of 2026, compared with $16.61 million for the first quarter of 2025.

Expanded the asset base and platform footprint. 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.

Simplified selected obligations while funding strategic expansion. 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's 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's 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's platform expansion.

Advanced strategic platform execution. During the quarter, the Company consolidated Orbit, completed the Lyocon acquisition, entered into strategic investments and agreements with Tekne S.p.A. ("Tekne"), advanced the Company's contractual joint venture agreement with Maddox Defense Incorporated for a mobile additive manufacturing program (the "Maddox Program"), and continued to pursue defense and security opportunities through NUBURU Defense.

Selected Financial Results

The following table summarizes selected first-quarter financial results and balance sheet items. Amounts are unaudited and should be read together with the Company's Form 10-Q for the quarter ended March 31, 2026.

Revenue and Operating Platform

NUBURU's first-quarter 2026 revenue reflects the transition from a pre-revenue restructuring profile toward a platform with operating subsidiaries and commercial activity. Revenue was primarily generated in Europe and included product sales and professional services revenue from Lyocon, together with SaaS and hosted software subscriptions and application maintenance services from Orbit.

The Company continues to pursue a dual-use platform model serving defense and commercial markets. Management believes that successful integration of Orbit, Lyocon and the Company's strategic arrangements with Tekne, combined with development and commercialization of capabilities under the Maddox Program, will establish a scaled operating platform capable of supporting sustainable revenue growth over time.

Balance Sheet and Capital Structure Progress

The first quarter reflected progress in NUBURU's efforts to stabilize its balance sheet and simplify selected obligations. Stockholders' equity improved by approximately $17.35 million from December 31, 2025 to March 31, 2026. The Company also reduced Series A preferred stock liability by approximately $8.45 million, exchanged the preferred obligation related to the Orbit transaction for the future issuance of the Company's common stock, and continued to use SEPA proceeds to repay the December 2025 YA Debenture.

Although total liabilities increased during the quarter as NUBURU funded strategic expansion, the Company made measurable progress restructuring and reducing selected obligations. Management views this capital-structure transition as an important element of the broader Transformation Plan.

Additional Information Regarding the Form 10-Q

The Company's Form 10-Q for the quarter ended March 31, 2026 contains important information regarding the Company's financial condition, results of operations, liquidity, capital resources, risks and uncertainties. Investors are encouraged to read the Form 10-Q, including the financial statements and notes, MD&A and risk-factor disclosures, in its entirety.

About NUBURU, Inc.

NUBURU, Inc. (NYSE:BURU) is a next-generation dual-use Defense and Security integrated platform company. NUBURU delivers advanced and deployable software-orchestrated, hardware-enabled protection for modern defense and security, critical infrastructure, and digital-resilience markets. NUBURU operates as an integrated platform of modular capabilities, each delivering standalone operational and financial value while collectively transforming into a comprehensive defense and security capability, which includes:

• proprietary directed-energy and non-kinetic effects systems and products (laser dazzlers for sensor denial, soft-kill laser non-kinetic neutralization, counter drone (aerial, land, sea, underwater) and counter-FPV, future hard-kill directed energy capabilities;
• electronic warfare (including cyber and electromagnetic attack and protection activities (CEMA), jamming, spectrum dominance operations) and defense mobility programs;
• operational resilience AI-assisted orchestrated and analytics software for unified command and control and software-as-a-service solutions; and
• advanced manufacturing and deployable in-field mobile production and support.

NUBURU is focused on the commercial rollout of its leading products and systems and on creating significant value for shareholders and wider stakeholders. NUBURU aims to do so by continuing to further strengthen its business and converting its growing opportunity pipeline into contractual orders, sustained revenue growth and scaling throughout 2026 and over the longer term.

For more information, please visit our website www.nuburu.net and follow us on X https://x.com/nuburulasers.

Forward-Looking Statements

This press release contains certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this press release may be forward-looking statements, identified by words such as "may," "should," "expect," "intend," "will," "estimate," "anticipate," "believe," "predict," "plan," "seek," "targets," "projects," "could," "would," "continue," "forecast," or their negatives or variations. These statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially, including but not limited to: (1) the ability to meet applicable securities exchange listing standards; (2) the impact of the loss of the Company's patent portfolio through foreclosure; (3) failure to achieve expectations regarding business development and acquisition strategies; (4) inability to access sufficient capital; (5) inability to realize anticipated benefits of acquisitions; (6) changes in applicable laws or regulations; (7) adverse economic, business, or competitive factors; (8) financial market volatility due to geopolitical and economic factors; and (9) other risks detailed in the Company's SEC filings, including its most recent Form 10-K and Form 10-Q. These filings address additional risks that could cause actual results to differ materially from those contemplated by such forward-looking statements. Readers should not place undue reliance on these statements, which speak only as of the date they are made. NUBURU undertakes no obligation to update or revise these statements, except as required by law.

Source: NUBURU, Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260521201665/en/

NUBURU Investor Relations: ir@nuburu.net

Media Contact: press@nuburu.net

Website: www.nuburu.net