Nuburu, Inc.
For the period ended Jun 30, 2025. Filed Aug 14, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 14, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations
| Three Months EndedJune 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue | $— | $49,278 | $— | $142,827 |
| Cost of revenue | (4,538) | 733,726 | 231,179 | 1,590,682 |
| Gross margin | 4,538 | (684,448) | (231,179) | (1,447,855) |
| Operating expenses: | ||||
| Research and development | — | 683,381 | 184,563 | 1,449,876 |
| Selling and marketing | 526,996 | (73,070) | 1,070,333 | 272,520 |
| General and administrative | 4,095,229 | 1,940,448 | 6,174,034 | 4,593,243 |
| Total operating expenses | 4,622,225 | 2,550,759 | 7,428,930 | 6,315,639 |
| Loss from operations | (4,617,687) | (3,235,207) | (7,660,109) | (7,763,494) |
| Non-operating income (loss): | ||||
| Interest income | 19,194 | 4,741 | 26,579 | 16,481 |
| Interest expense | (160,952) | (1,115,953) | (354,432) | (2,307,815) |
| Change in fair value of warrant liabilities | (16,986) | 1,783,201 | 110,314 | 1,786,512 |
| Change in fair value of derivative liability | — | — | 37,900 | — |
| Change in fair value of convertible note receivable | (11,400) | — | (11,400) | — |
| Change in fair value of notes payable | (1,422,895) | — | (1,166,373) | — |
| Change in fair value of SEPA liability | (260,507) | — | (260,507) | — |
| Loss on issuance of notes payable | (766,296) | — | (1,474,096) | — |
| Loss on issuance of SEPA | (2,582,724) | — | (2,582,724) | — |
| Loss on extinguishment of notes payable | (1,375,819) | (10,293,834) | (6,873,335) | (10,293,834) |
| SEPA fees and issuance costs | (1,075,000) | — | (1,075,000) | — |
| Gain on sale of intellectual property intangible assets | — | — | 8,961,872 | — |
| Loss on impairment of inventories, property and equipment and operating lease right-of-use asset | — | — | (6,064,823) | — |
| Interest expense recognized on remeasurement of preferred stock liability | — | — | (10,398,050) | — |
| Other gain (loss), net | 46,097 | 218,169 | (52,216) | 218,169 |
| Loss before provision for income taxes | (12,224,975) | (12,638,883) | (28,836,400) | (18,343,981) |
| Provision for income taxes | — | — | — | — |
| Net loss | (12,224,975) | (12,638,883) | (28,836,400) | (18,343,981) |
| Reclassification of convertible preferred stock from mezzanine equity to liability | — | — | 10,398,050 | — |
| Deemed dividend in connection with modification of pre-funded warrants | — | — | (3,076,380) | — |
| Net loss available to common shareholders | $(12,224,975) | $(12,638,883) | $(21,514,730) | $(18,343,981) |
| Net loss per common share, basic and diluted (1) | $(0.18) | $(7.57) | $(0.43) | $(14.15) |
| Weighted-average common shares used to compute net loss per common share, basic and diluted (1)(2) | 66,284,524 | 1,670,052 | 49,771,075 | 1,296,478 |
(1)
Periods presented have been adjusted to reflect the 1-for-40 reverse stock split on July 23, 2024. See Note 2 for additional information.
(2)
Amounts presented for the three and six months ended June 30, 2025 include 13,800,774 shares of Common Stock that the Company was required to issue but had not yet issued as of June 30, 2025.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.