NUBURU, Inc. Announces Second Quarter 2023 Results

Key Operating and Financial Metrics (Non-GAAP Results)

The following tables present our key performance indicators for the three months ended June 30, 2023.

Three Months Ended
June 30,

 

 

 

2023

 

2022

 

$ Change

Revenues

$

1,054,062

 

$

47,375

 

$

1,006,687

 

Total gross margin

 

 

(1,431,202

)

 

 

(1,219,517

)

 

 

(211,685

)

EBITDA(1)

 

(6,007,916

)

 

(3,751,569

)

 

(2,256,347

)

Capital expenditures

 

 

(481,071

)

 

 

(83,091

)

 

 

(397,980

)

Free cash flow(1)

 

(5,130,306

)

 

(2,910,144

)

 

(2,220,162

)

The following tables present our key performance indicators for the six months ended June 30, 2023.

Six Months Ended
June 30,

 

 

 

2023

 

2022

 

$ Change

Revenues

$

1,524,051

 

$

137,375

 

$

1,386,676

 

Total gross margin

 

 

(2,173,650

)

 

 

(1,684,569

)

 

 

(489,081

)

EBITDA (1)

 

(10,681,745

)

 

(5,894,648

)

 

(4,787,097

)

Capital expenditures

 

 

(825,872

)

 

 

(185,472

)

 

 

(640,400

)

Free cash flow (1)

 

(9,525,680

)

 

(4,915,742

)

 

(4,609,938

)


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