NUBURU Provides Corporate Update Highlighting Initial Revenue Traction and ~$6M+ Combined Pipeline Across Software and Directed-Energy Verticals

NUBURU, Inc. (NYSE American: BURU) provided a corporate update highlighting its execution and monetization of its business and growth strategy, including initial revenue traction supported by early billings, secured orders, and commercial deployment, as well as increasing visibility into revenue growth and scaling through expansion and conversion of its commercial pipeline into contracted revenue across multiple defense and security verticals.

The company said the update reflects a transition toward repeatable commercial deployment and scalable revenue generation throughout 2026 and beyond. The following commercial metrics and operational updates are provided as of March 31, 2026, unless otherwise indicated.

Building execution momentum across core operating verticals

Directed-Energy (Lyocon S.r.l.)

NUBURU reported approximately US$280,000 in billings and approximately US$500,000 in executed orders within its directed-energy business vertical. The company cited an initial deployment order for its portable directed-energy laser dazzler system for counter-drone (“C-UAV”) defense applications of approximately US$250,000, secured with a Tier-1 government-owned defense electronics organization operating in a major Asia-Pacific defense market.

NUBURU said it is advancing follow-on opportunities estimated between US$575,000 and US$800,000 with the same Tier-1 Defense Company. It also reported that Lyocon’s overall pipeline is currently estimated at approximately US$2.5 million, including the dazzler-related opportunities referenced above.

Defense programs (Tekne S.p.A. network contract)

Through participation in the Tekne S.p.A. (“Tekne”) network contract framework, NUBURU reported approximately US$300,000 in billings, primarily from management and service-related activities.

The company also described an active defense program in Ukraine in partnership with Engineering Bureau “BERYL” LLC. It said Phase 1 (0–12 months) has been activated within a projected revenue range of between US$5.75 million and US$11.5 million, centered on deployment of the GRAELION platform configured for military applications. NUBURU said it participates through a structured economic and governance framework that includes pricing and margin participation, capital coordination, and potential integration of higher-margin non-kinetic and software subsystems.

NUBURU said it has signed a binding agreement to acquire a controlling 70% interest in Tekne, with authorization under Italy’s Golden Power regulatory framework expected by the end of April 2026. Tekne is targeting approximately US$57.5 million in revenue in 2026.

• Accelerate NUBURU’s positioning in electronic warfare (EW) and advanced defense systems
• Provide direct access to defense markets and programs
• Transition NUBURU toward a global operating profile in the defense sector

Operational resilience software (Orbit S.r.l.)

In its software business vertical, Orbit S.r.l. (“Orbit”), NUBURU reported approximately US$80,000 in billings year-to-date, reflecting seasonality tied to budget approvals and procurement cycles concentrated in the second and third quarters for large enterprise and regulated-sector customers.

The company said Orbit is advancing approximately US$3.9 million in pipeline opportunities across enterprise and mission-critical environments, including approximately US$790,000 linked to active requests for proposal.

NUBURU currently holds approximately 22.7% equity interest in Orbit, with governance rights supporting operational alignment. Following recent shareholder approval authorizing share issuance, the company said it expects to complete the acquisition of 100% of Orbit by year-end.

U.S. manufacturing (Maddox Defense Incorporated joint venture)

NUBURU’s U.S. manufacturing initiative, through its joint venture with Maddox Defense Incorporated, entered Phase I operations in Houston, Texas, with infrastructure deployed and execution underway. The company said it is developing an early-stage commercial pipeline aligned with defense demand while establishing a U.S.-based production capability intended to support domestic defense supply chains and mission-critical manufacturing requirements.

Integrated platform driving multi-engine growth

NUBURU said it is operating across multiple revenue-generating engines, including directed-energy systems, electronic warfare and defense mobility programs, operational resilience AI-driven software-as-a-service solutions, and advanced manufacturing infrastructure.

Across its core operating verticals, the company said it is building a combined commercial pipeline exceeding approximately US$6 million, supported by early billings and executed orders, to provide increasing visibility into revenue conversion and scaling.

Billings and commercial metrics disclosure

NUBURU said it is providing selected commercial metrics, including billings, orders, and pipeline, as indicators of business activity and commercial traction. The company noted that billings represent a proxy for cash collections and commercial momentum, but are not a substitute for revenue recognition under U.S. GAAP, which may differ in timing and amount.

Management commentary

Alessandro Zamboni, Executive Chairman and Co-CEO of Nuburu Inc., said:

“We are now firmly in execution mode, with initial billings, secured orders and a growing pipeline across all business lines. The Company has materially strengthened its operational and financial positioning and is focused on scaling revenue, improving capital efficiency, and advancing toward an equity positive balance sheet in Q2 2026.”

“We remain confident that NUBURU is well positioned to continue to deliver successfully on its business and growth strategy to further strengthen the business, to advance revenue generation, growth and scalability throughout 2026 and over the longer term, and to create significant value for our shareholders and wider stakeholders.”

“We expect to provide the market with additional updates regarding positive strategic initiatives and operational and financial developments in the weeks and months ahead.”

Dario Barisoni, Co-CEO of Nuburu Inc. and CEO of Nuburu Defense LLC, added:

“Our integrated business model and growth strategy across directed-energy, electronic warfare and defense mobility, software and advanced manufacturing establishes NUBURU as the scalable, next-generation defense and security platform aligned with structurally evolving global demand and mission-critical requirements.”

Outlook

NUBURU said it expects to continue converting and expanding its commercial pipeline into contracted revenue, advance the Tekne transaction (subject to regulatory approval), scale Lyocon deployments, expand Orbit recurring revenues, and progress toward achieving positive shareholders’ equity in Q2 2026.

Additional disclosure

The company referred investors to its Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission. It said the independent auditor’s report included in the Annual Report on Form 10-K contains a “going concern” qualification regarding the company’s ability to continue as a going concern.

NUBURU stated the announcement is made pursuant to NYSE American Company Guide Section 610(b), which requires public announcement of the receipt of an audit opinion containing a going concern paragraph and does not represent any change or amendment to the company’s financial statements for the year ended December 31, 2025.