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• Content META

  Title	Atomera Provides Fourth Quarter and Fiscal 2024 Results
  ID	6797621
  External ID	7542830794
  Author	Unknown
  Published Date	Feb. 11, 2025, 3:46 p.m.
  Summary	PRESS RELEASE Published February 11, 2025 ACCESS Newswire LOS GATOS, CA / ACCESS Newswire / February 11, 2025 / Atomera Incorporated (NASDAQ:ATOM), a semiconductor materials and technology licensin
  Tags	None
  URL	https://www.digitaljournal.com/pr/news/access-newswire/atomera-provides-fourth-quarter-fiscal-1233449868.html
  Sentiment	Negative: 0.81432    Neutral: 0.03347    Positive: 0.15221
  Relevance	0.03297

• Content Details

  Content ID	4227341
  Key	5dc9cbce-0221-429f-a267-9d1d05c111f6
  Content	PRESS RELEASE Published February 11, 2025 ACCESS Newswire LOS GATOS, CA / ACCESS Newswire / February 11, 2025 / Atomera Incorporated (NASDAQ:ATOM), a semiconductor materials and technology licensing company, today provided a corporate update and announced financial results for the fourth quarter and fiscal year ended December 31, 2024. Recent Company Highlights Continued progress toward commercialization at ST Microelectronics Expanded offerings for gate-all-around products, the foundation technology of the most advanced AI devices Newly initiated development efforts with two large customers Management Commentary "Recent progress with large customers has reinforced the attractiveness of MST to solve some of the most difficult problems faced by semiconductor companies, which is the key to Atomera licensing customers and bringing our technology to production," said Scott Bibaud, President and CEO. "The semiconductor industry is currently in an ideal state to adopt new technology and the performance improvements enabled by MST are compelling to fabs and foundries seeking to gain cost-effective advantages in highly competitive markets." Financial Results The Company incurred a net loss of ($4.7) million, or ($0.16) per basic and diluted share in the fourth quarter of 2024, compared to a net loss of ($4.6) million, or ($0.17) per basic and diluted share, for the third quarter of 2024, and a net loss of ($4.6) million, or ($0.18) per basic and diluted share, for the fourth quarter of 2023. Adjusted EBITDA (a non-GAAP financial measure) in the fourth quarter of 2024 was a loss of ($3.9) million compared to an adjusted EBITDA loss of ($3.9) million in the third quarter of 2024 and ($3.7) million in the fourth quarter of 2023. For fiscal year 2024, revenue was $135,000, compared with $550,000 in fiscal 2023. Net loss was ($18.4) million, or ($0.68) per basic and diluted share for fiscal 2024, compared to ($19.8) million, or ($0.80) per basic and diluted share in fiscal 2023. Adjusted EBITDA for fiscal 2024 was a loss of ($15.4) million compared to an adjusted EBITDA loss of ($16.6) million in fiscal 2023. The Company had $26.8 million in cash, cash equivalents and short-term investments as of December 31, 2024, compared to $19.5 million as of December 31, 2023. The total number of shares outstanding was 30.1 million as of December 31, 2024. Fourth Quarter and Fiscal Year 2024 Results Webinar Atomera will host a live video webinar today to discuss its financial results and recent progress. Date: Tuesday, Feb. 11, 2025 Time: 2:00 p.m. PT (5:00 p.m. ET) Webcast: Accessible at https://ir.atomera.com Note about Non - GAAP Financial Measures In addition to the unaudited results presented in accordance with generally accepted accounting principles, or GAAP, in this press release, Atomera presents adjusted EBITDA, which is a non-GAAP financial measure. Adjusted EBITDA is determined by taking net loss and eliminating the impacts of interest, depreciation, amortization and stock-based compensation. Our definition of adjusted EBITDA may not be comparable to the definitions of similarly-titled measures used by other companies. We believe that this non-GAAP financial measure, viewed in addition to and not in lieu of our reported GAAP results, provides useful information to investors by providing a more focused measure of operating results. This metric is used as part of the Company's internal reporting to evaluate its operations and the performance of senior management. A table reconciling this measure to the comparable GAAP measure is available in the accompanying financial tables below. About Atomera Incorporated Atomera Incorporated is a semiconductor materials and technology licensing company focused on deploying its proprietary, silicon-proven technology into the semiconductor industry. Atomera has developed Mears Silicon Technology™ (MST ® ), which increases performance and power efficiency in semiconductor transistors. MST can be implemented using equipment already deployed in semiconductor manufacturing facilities and is complementary to other nano-scaling technologies already in the semiconductor industry roadmap. More information can be found at www.atomera.com Safe Harbor This press release contains forward-looking statements concerning Atomera Incorporated, including statements regarding the prospects for the semiconductor industry generally and the ability of our MST technology to significantly improve semiconductor performance. Those forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results to differ materially. Among those factors are: (1) the fact that, to date, we have only recognized minimal engineering services and licensing revenues thus subjecting us to all the risks inherent in an early-stage enterprise; (2) the risk that licensees or JDA customers do not advance to royalty-based manufacturing and distribution licenses; (3) our ability to add other licensees and/or JDA customers; (4) risks related to our ability to raise sufficient capital, as and when needed, to pursue the further development, licensing and commercialization of our MST technology; (5) our ability to protect our proprietary technology, trade secrets and knowhow and (6) those other risks disclosed in the section "Risk Factors" included in our Annual Report on Form 10-K filed with the SEC on February 15, 2024. We caution readers not to place undue reliance on any forward-looking statements. We do not undertake, and specifically disclaim any obligation, to update or revise such statements to reflect new circumstances or unanticipated events as they occur. -- Financial Tables Follow -- Atomera Incorporated Balance Sheets (in thousands, except per share data) December 31, December 31, (Unaudited) ASSETS Current assets: Cash and cash equivalents Short-term investments Accounts receivable Unbilled contracts receivable Interest receivable Prepaid expenses and other current assets Total current assets Property and equipment, net Long-term prepaid maintenance and supplies Security deposit Operating lease right-of-use asset Financing lease right-of-use-asset Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable Accrued expenses Accrued payroll related expenses Current operating lease liability Current financing lease liability Deferred revenue Total current liabilities Long-term operating lease liability Long-term financing lease liability Total liabilities Commitments and contingencies Stockholders' equity: Preferred stock $0.001 par value, authorized 2,500 shares; none issued and outstanding at December 31, 2024 and December 31, 2023 Common stock: $0.001 par value, authorized 47,500 shares; 30,540 and 26,107 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively; Additional paid-in capital Other comprehensive income Accumulated deficit Total stockholders' equity Total liabilities and stockholders' equity Atomera Incorporated Statements of Operations (in thousands, except per share data) Three Months Ended Year Ended December 31, September 30, December 31, December 31, (Unaudited) (Unaudited) (Unaudited) (Unaudited) Revenue Cost of revenue Gross margin Operating expenses Research and development General and administrative Selling and marketing Total operating expenses Loss from operations Other income (expense) Interest income Accretion income Other income (expense), net Interest expense Total other income (expense), net Net loss Net loss per common share, basic and diluted Weighted average number of common shares outstanding, basic and diluted Atomera Incorporated Reconciliation to Non-GAAP EBITDA (Unaudited) Three Months Ended Year Ended December 31, September 30, December 31, December 31, Net loss (GAAP) Depreciation and amortization Stock-based compensation Interest income Accretion income Other income, net Interest expense Net loss non-GAAP EBITDA Investor Contact: Bishop IR Mike Bishop investor@atomera.com SOURCE: Atomera, Inc View the original press release on ACCESS Newswire ACCESS Newswire ACCESS Newswire is a newswire service that provides regional, national, and global news to thousands of clients worldwide. Its innovative technology paired with its expansive network of journalists and media outlets helps companies, both public and private, break through the noise of the market to share their stories and connect with their audiences. Twitter LinkedIn Email WhatsApp Message Share
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  Publisher Name	Digital Journal
  Publisher URL	https://www.digitaljournal.com
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  Trust Flow Score	30
  Citation Flow Score	50

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  Data Source Type	news
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