AUSI
Aura Systems, Inc.0.0860
-0.0120-12.2%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
10.86MP/E (TTM)
-Basic EPS (TTM)
-0.05Dividend Yield
0%Recent Filings
10-Q
10-Q
Q1 FY2026 results
Aura Systems posted Q1 FY2026 revenue of $185, up sharply from $47 a year ago, with gross profit flipping to $160 from breakeven while operating expenses climbed to $837 from $684, yielding a slim operating loss of $677 versus $684 last year. Net loss narrowed to $2,841 from $15,258, though the gap between operating and net stemmed from $1,570 in adverse derivative fair-value changes and $594 interest expense. Diluted EPS improved to $(0.02) on 119,994,325 shares, matching basic with anti-dilution from convertibles. Cash dwindled to $21 amid $746 operating burn, offset by $848 stock issuance, while total debt hit $14,340 including $12,279 related-party notes past due and a $19,135 derivative liability. Revenue hinged on two customers at 90% and 10%. Litigation with Kopple lingers over covenant breaches.
10-K
FY2025 results
Aura Systems posted FY2025 revenue of $50, down slightly from $56 in FY2024, as resources shifted to prototyping advanced axial flux induction motors and generators, yielding a gross profit of $21 versus a $137 loss last year. Engineering expenses climbed to $1.2 million from $0.8 million, fueling prototypes like a 250-kW EV motor and a 10-kW military generator, while SG&A surged 91% to $3.6 million on headcount growth and $1.3 million in stock compensation. Net loss widened to $21.1 million from $4.2 million, driven by a $19.3 million debt extinguishment loss and $4.6 million derivative fair value change, with cash burn at $3.2 million and a $37.6 million stockholders' deficit signaling liquidity strain. No quarterly breakdowns disclosed, but R&D momentum points to FY2026 commercialization. Debt totals $39 million, including $5.2 million past due, with no dividends or buybacks. Ongoing litigation risks could derail quarterly progress.
10-Q
Q3 FY2025 results
Aura Systems posted no revenue in Q3 FY2025 ended November 30, 2024, down from $47K a year earlier, while nine-month revenue dipped 12% y/y to $50K (derived), reflecting a pivot to prototyping new axial flux induction motors and generators. Operating losses widened to $869K in the quarter from $579K y/y, driven by R&D expenses jumping to $196K from $33K as the team hires experts and tools for EV and military applications; nine-month operating loss hit $4.0M, up from $2.0M. Net loss narrowed to $540K quarterly yet ballooned nine-month to $22.2M, the gap from operating mainly due to a $19.3M loss on related-party debt extinguishment. Cash dwindled to $21K, with $2.5M used in operations offset by $2.6M from stock sales; total debt stands at $40.9M including a $9.3M convertible note to Kopple at 10% maturing June 2029, secured by assets, while revolver availability not disclosed. Gagerman litigation settled post-quarter with zero cost. Ongoing litigation costs could strain thin liquidity.
10-Q
Q2 FY2025 results
Aura Systems posted $3 in net revenue for Q2 FY2025 ended August 31, 2024, up from zero a year earlier, while six-month revenue hit $50, a fivefold jump from $10, yet gross profit stayed slim at $21 amid low volumes. Operating losses widened to $2.5M quarterly and $3.2M YTD, driven by SG&A ballooning 559% to $2.3M on headcount hikes and $1.6M stock-based comp, while engineering costs dipped slightly. Net loss exploded to $6.4M quarterly and $21.6M YTD, far outpacing operating shortfalls due to a $19.3M debt extinguishment loss on the amended Kopple convertible note (now $9.3M at 10% interest, maturing June 2029, with equity conversion option yielding $20.8M derivative liability). Cash dwindled to $15, offset by $1.8M from stock sales, but $5.3M in past-due notes and a $39.8M shareholder deficit signal tight liquidity. Warrants and options outstanding totaled 14.8M. Litigation with ex-exec Gagerman over an $82 disputed note lingers.
IPO
Website
Employees
Sector
Industry
AEIS
Advanced Energy Industries, Inc
215.16-1.71
AOS
A.O. Smith Corporation
67.94-0.88
ATS
ATS Corporation
27.80+0.96
AUR
Aurora Innovation, Inc.
4.12-0.06
HNOI
HNO International Inc.
0.42+0.00
NEOV
NeoVolta Inc.
3.47-0.13
NEWH
NewHydrogen Inc.
0.02+0.00
NPWR
NET Power Inc.
2.52+0.04
POLA
Polar Power, Inc.
2.06-0.01
PSIX
Power Solutions International,
65.30-0.98