NUBURU Inc (NYSE American: BURU) is a laser technology company that developed high-power, high-brightness blue laser systems for industrial applications including EV battery welding, medical device production, large screen displays, and cell phone components. Revenue was generated through laser system sales and, following a patent portfolio foreclosure completed in Q1 2025, the company pivoted toward licensing retained intellectual property including trade secrets and know-how. In 2024, NUBURU held approximately 220 granted and pending patents and patent applications globally. After losing its patent collateral to senior secured lenders, the company began repositioning as a Defense and Security Platform through acquisitions of subsidiaries including Lyocon S.r.l. in Italy, focused on laser-based and directed-energy systems. Manufacturing operations at its Centennial, Colorado facility were discontinued, and inventory and property were written down to zero in Q1 2025. As of the 10-K filed March 31, 2026, the company carried NYSE American noncompliance notices and relied on equity and convertible debt financing, with net cash used in operating activities of $16,090,302 for the year ended December 31, 2025.

Revenue model

Historically transactional laser system sales; transitioning post-Q1 2025 foreclosure to IP licensing of retained trade secrets and know-how, supplemented by equity raises under a $100,000,000 Standby Equity Purchase Agreement (SEPA) and multiple convertible debt instruments.

Products and services

High-power, high-brightness blue laser systems for welding and 3D printing (FY2024); blue laser applications covering EV battery welding, medical device production, large screen displays, and cell phone components; directed-energy systems through Lyocon S.r.l. subsidiary (acquired early 2026); IP licensing of retained trade secrets and know-how following patent portfolio foreclosure (Q1 2025).

Customers and end markets

Industrial end markets served include electric vehicle battery manufacturing, medical device production, consumer electronics (large screen displays, cell phone components), and defense and security applications (post-2025 repositioning). No customer concentration percentages disclosed in the excerpts.

Value-chain role

Technology developer and system integrator for laser and directed-energy applications; transitioning from internal manufacturing and patent-holding to IP licensor and defense platform acquirer using wholly-owned subsidiaries, industrial partners, and network-based production arrangements.

Geographic exposure

Historically U.S.-based manufacturing in Centennial, Colorado (discontinued Q1 2025). Post-repositioning operations include Lyocon S.r.l. in Italy (acquired early 2026) for design, assembly, testing, and demonstration of laser-based and directed-energy systems.

Source: SEC 10-K, filed 2026-03-31

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