NUBURU more than doubles revenue in Q2 to $1.1m

What happened

NUBURU reported Q2 2023 revenue of $1.05 million, more than doubling sequentially from $0.47 million and up sharply from $0.04 million a year ago. The increase was driven by product deliveries to commercial customers Essentium and GE Additive. Watch: The significant revenue growth signals rising demand for its industrial blue lasers, which could tighten supply for related components, but the financial scale remains small for broad market impact.

Impact and signal

Affected components and suppliers

Source and time

Source: Semiconductor Today · 8/14/2023 · View original source