Nuburu, Inc. Revenue Disclosure
NOTE 7. REVENUE
The Company’s primary revenue-generating activity involves sales of high-powered lasers and related installation services. The Company has sales to customers throughout the U.S., Europe, and Asia. All sales are settled in U.S. dollars.
The following table presents revenue from contracts with customers disaggregated by geography:
|
|
Year ended December 31, |
|
|||||
|
|
2024 |
|
|
2023 |
|
||
United States |
|
$ |
24,300 |
|
|
$ |
1,760,350 |
|
Asia |
|
|
9,112 |
|
|
|
117,835 |
|
Europe |
|
|
118,715 |
|
|
|
207,347 |
|
Total |
|
$ |
152,127 |
|
|
$ |
2,085,532 |
|
The following table presents revenue from contracts with customers disaggregated by the timing of revenue recognition:
|
|
Year ended December 31, |
|
|||||
|
|
2024 |
|
|
2023 |
|
||
Revenue recognized at a point in time |
|
$ |
152,127 |
|
|
$ |
2,080,532 |
|
Revenue recognized over time |
|
|
— |
|
|
|
5,000 |
|
Total |
|
$ |
152,127 |
|
|
$ |
2,085,532 |
|
Contract liabilities consist of customer deposits that are applied to invoices as the performance obligation is performed. Accounts receivable and contract liabilities as of December 31, 2024 and 2023 were as follows:
|
|
Accounts Receivable |
|
|
Contract Liabilities |
|
||
January 1, 2023 |
|
$ |
327,200 |
|
|
$ |
178,750 |
|
December 31, 2023 |
|
|
482,279 |
|
|
|
30,400 |
|
December 31, 2024 |
|
|
— |
|
|
|
24,000 |
|
During the years ended December 31, 2024 and 2023, the Company recognized $30,400 and $32,500 of revenue that was included in the contract liabilities balance at the beginning of the reporting period, respectively.
About Revenue Disclosures
Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.
Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.