NUBURU Reports $76.1M Assets for 2024

In a letter to shareholders, CEO Alessandro Zamboni said, in part, "One year ago, this was a company with a narrow operating profile and no quarterly revenue. Today it is an integrated Defense & Security platform that generates revenue, carries positive equity, and stands on a real industrial and commercial foundation. That is not a promise about the future - it is what the numbers already show. Measure us against ourselves. At December 31, 2024, NUBURU reported approximately $7M of total assets and approximately $0.15M of revenue for full-year 2024. At March 31, 2025, that stood at approximately $1.3M of total assets and no quarterly revenue. One year later, at March 31, NUBURU reported approximately $76.1M of total assets, approximately $407,644 of first-quarter revenue, and positive stockholders' equity of approximately $2.2M. That asset base reflects the consolidation of revenue-generating operating businesses into the platform - the real weight of what we have assembled. In twelve months, we rebuilt this Company. On the listing question, our progress is just as clear. On June 29, we disclosed that, based on preliminary, unaudited data as of May 31, we expect stockholders' equity to materially exceed the $4.M threshold applicable under NYSE American's continued-listing standards for companies with a history of losses. That revenue comes from operating businesses inside the platform. Lyocon is our photonics and laser factory. Orbit is our software layer - command, validation, evidence, and operational resilience. Each creates commercial value on its own; together they are the engine of the integrated strategy. And that engine is turning. In April 2026, we disclosed a combined commercial pipeline of more than approximately $6M across our software and directed-energy verticals - approximately $2.5M at Lyocon and approximately $3.9M at Orbit. In June, Orbit secured approximately $240,000 in cumulative customer orders from a Tier-One national telecommunications infrastructure operator, with approximately $825,000 of additional commercial-offer visibility. We updated the market on Lyocon's LaserTech activity, including approximately $2.39M of quotations under evaluation - among them an approximately $2.2M rover quotation. These are commercial pipeline and customer orders, not yet recognized GAAP revenue - and the commercial trajectory at both Lyocon and Orbit is unmistakable. Make no mistake about what NUBURU is. We are not a passive holding company, and we are not a collection of disconnected subsidiaries. We are building a software-orchestrated, hardware-enabled Defense & Security platform. Lyocon delivers multi-domain photonics and directed-energy. Orbit delivers the software and evidence layer. And once Tekne is fully completed, it brings Italian industrial scale, special vehicles, EW/CEMA capability, and established customer and program relationships. Two further pillars extend the platform. Through our U.S. joint venture based in Houston - Texas- executed between Maddox Defense Incorporated and NUBURU Defense, we are building a modular, containerized, mobile additive-manufacturing capability to produce drone components, mission-critical structural parts, and field-sustainment hardware for U.S. defense and allied markets. And through the binding head of terms we signed with SunCubes, led by Lyocon, we are opening new laser-based solutions for the platform: a staged alliance of up to EUR 1M targeting directed-energy and counter-UAS applications, with a first project already defined - a blue-laser power-beam solution for submarine and underwater environments for integration into SunCubes' DEEP LIGHT underwater wireless-power platform. One architecture. One commercial interface. One brand. Tekne is our pivotal scaling catalyst, and the process to complete it is underway. We filed the Golden Power notification in June for the 70% acquisition, and we expect the review to conclude in the first week of August 2026. It is backed by a credible institutional framework, including senior strategic advisers Gen. Pietro Serino, former Chief of Staff of the Italian Army, and Prof. Carlo Alberto Carnevale Maffe of SDA Bocconi. So I ask you to judge us on the record and on the milestones directly ahead: pipeline converting into contractual orders and recognized revenue; Orbit's expanding order book and integration; the outcome of Lyocon's LaserTech quotations; the Golden Power decision on Tekne; and completion of Orbit's path to full ownership."