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Atomera Incorporated (NASDAQ: ATOM) is a U.S.-based semiconductor materials and technology licensing company dedicated to enhancing electronic performance through its proprietary materials. The company's core innovation, Mears Silicon Technology (MST™), is a re-engineered silicon thin film designed to significantly improve the performance and power efficiency of CMOS-type transistors, which are widely used in the semiconductor industry.
Atomera's MST™ technology can be integrated using existing equipment in semiconductor manufacturing facilities, making it a cost-effective solution for wafer manufacturers and electronic device designers. The MST™ film, typically between 100 to 300 angstroms thick, enhances transistor performance by reducing power consumption, improving operational efficiency, and lowering manufacturing costs. This versatile technology finds applications in various sectors, including analog, DRAM, FinFET technology, logic and processors, and SRAM.
Atomera is actively involved in demonstration and evaluation programs with several of the world's top 10 semiconductor manufacturers and R&D facilities. These collaborations have validated MST™'s ability to enhance both transistor channel properties and overall semiconductor performance. The company recently announced significant progress with customers and increased participation in development ecosystem organizations, suggesting a promising future for MST™ in the global semiconductor market.
In terms of financial performance, Atomera has faced challenges typical of early-stage enterprises, including operating losses and the need for continued capital investment. However, the company's achievements in completing milestones under its first commercial license agreement have paved the way for ongoing product royalties. Atomera has also secured a substantial cash reserve, providing a stable financial foundation to support its growth initiatives.
Recent company updates include the successful release of financial results for Q3 2023, highlighting a net loss of ($5.0) million and cash reserves of $20.4 million. The company has also planned several live webinars to discuss financial results and further developments, reflecting its commitment to transparent and continuous communication with investors.
Looking ahead, Atomera's strategic focus is on moving additional customers along the engagement pipeline towards the royalty phase. The company is optimistic about the potential for MST™ to drive advancements in the semiconductor industry, especially in highly competitive markets. For more detailed information, visit the company's investor relations website at https://ir.atomera.com.
Atomera Incorporated (NASDAQ: ATOM), a leader in semiconductor materials and intellectual property, will present at the LD 500 investor conference on September 1, 2020, starting at 9:00 am Pacific Time. The presentation will be live-streamed and can be accessed later through Atomera’s investor relations website. The company is known for its Mears Silicon Technology™ (MST®), which enhances the performance and efficiency of semiconductor transistors. MST is compatible with existing manufacturing equipment and aligns with current nano-scaling technologies in the industry.
Atomera Incorporated (NASDAQ: ATOM) reported its second-quarter financial results, showing a revenue of $0, down from $70,000 in Q2 2019. The net loss stood at $3.8 million, or ($0.21) per share, compared to a net loss of $3.6 million, or ($0.24) per share, a year earlier. The company announced a record 17 customer engagements in Phase 3 of its technology development and completed a $10 million public offering. As of June 30, 2020, Atomera had $18 million in cash and equivalents, reflecting financial stability despite ongoing losses.
Atomera Incorporated (NASDAQ: ATOM) is set to host a conference call on August 5, 2020, at 2:00 PM PT to discuss its second quarter 2020 financial results and business update. The conference call will be accessible via webcast on the company's investor relations website, and through designated phone lines for both U.S. and international participants. Atomera specializes in Mears Silicon Technology (MST), which enhances semiconductor transistor performance and efficiency, utilizing existing manufacturing equipment.
Atomera Incorporated (NASDAQ: ATOM) has been included in the Russell 2000® and 3000® Indexes, effective June 29, 2020, as part of the annual reconstitution of Russell indexes that captures the top 4,000 US stocks by market capitalization. This membership provides automatic inclusion in both the large-cap and small-cap Russell indexes for a year. Being part of these indexes is significant for investment managers and institutional investors, who use them for benchmarking their investment strategies. Approximately $9 trillion in assets are benchmarked against Russell’s US indexes.
Atomera Incorporated (Nasdaq: ATOM) has rescheduled its 2020 Annual Meeting of Stockholders to July 30, 2020, due to ongoing COVID-19 restrictions. Initially set for May 7, the meeting was first postponed to May 26 and now will be held virtually. CEO Scott Bibaud emphasized the need for this change due to compliance with local regulations and Delaware law. Revised proxy materials will be filed with the SEC, providing details for stockholders on how to participate in the virtual meeting.
Atomera Incorporated (NASDAQ: ATOM) has successfully closed an offering of 2,024,000 shares of common stock at $5.00 per share, generating approximately $10 million in gross proceeds. The offering included 264,000 shares sold due to the underwriter's full overallotment option. The net proceeds will be allocated for working capital and corporate purposes, focusing on R&D, customer evaluations, and enhancing the engineering team. National Securities Corporation managed the offering, with the SEC declaring the registration effective.
Atomera Incorporated (NASDAQ: ATOM) announced a public offering of 1,760,000 shares at $5.00 per share, aiming for gross proceeds of $8.8 million. The underwriters have a 45-day option for an additional 264,000 shares to cover over-allotments, potentially raising total proceeds to $10.12 million. The expected closing date is May 18, 2020. Proceeds will support working capital and corporate needs, including R&D and enhanced engineering personnel.
Atomera Incorporated (NASDAQ: ATOM) announced a public offering of its common stock, expected to price around May 13, 2020. The company aims to utilize net proceeds for working capital and corporate purposes, including capital expenditures for equipment, R&D costs, and hiring engineering personnel for Mears Silicon Technology development. National Securities Corporation is managing the offering. The shares are offered under a previously filed registration statement with the SEC, with the preliminary prospectus supplement available online.
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