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NUBURU’s Q3 hit by supply chain restrictions and delays in shipping products
What happened
NUBURU reported Q3 2023 revenue of $0.187m, a 78% year-over-year decline from $0.868m, primarily due to decreased laser system sales. The company cited supply chain restrictions and shipping delays as contributing factors. Bearish: This signals significant demand weakness and potential inventory issues for NUBURU's industrial blue laser products.
Impact and signal
Medium impactImpact score: 58/100
Affected components and suppliers
Industrial Blue Lasers
NUBURU Inc
demand-weaknessearnings-missrevenue-decline
Source and time
Source: Semiconductor Today · 11/30/2023 · View original source
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