Atomera Earnings Call Transcripts
Fiscal Year 2026
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Solid technical progress in advanced logic, memory, and GaN applications, with MST showing superior results in key customer evaluations. Financially, Q1 2026 saw a net loss and increased OpEx, but a strong cash position after a $25M equity raise supports ongoing development and commercialization.
Fiscal Year 2025
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Strong technical progress in advanced semiconductor segments set the stage for commercial execution in 2026, despite continued net losses and modest revenue. Key milestones in Gate-All-Around, DRAM, RF SOI, and GaN segments, along with disciplined cost control and new customer engagements, support a positive outlook.
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Q3 2025 saw significant progress in MST technology validation and customer engagement, despite the loss of near-term royalty revenue from STMicroelectronics. Financials reflect increased R&D investment and ongoing capital raises, with a focus on accelerating revenue through MST starting wafer products and strategic partnerships.
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Record customer engagement and wafer activity, but STMicroelectronics' shift to 300 mm wafers delays milestone payments to 2026. Financials show higher net loss and OpEx, but liquidity remains strong after new share sales. Strategic partnerships and innovation drive growth in advanced nodes and RF.
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Announced a strategic partnership with a major equipment provider to accelerate MST adoption, expanded customer engagement in key segments, and advanced GaN device development. Q1 net loss widened year-over-year, with strong cash reserves and increased R&D spend.
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MST technology enables higher performance and lower power for semiconductors across multiple markets, with a capital-light licensing model and strong industry partnerships. The company is expanding its customer base, advancing in compound semiconductors, and expects to ramp recurring revenues soon.
Fiscal Year 2024
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Revenue for 2024 was $135,000, with a net loss of $18.4 million, while cash reserves increased to $26.8 million. Engagements with major customers advanced, especially in advanced node, memory, and GaN markets, though a key transformative deal remains stalled.
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Development momentum continues with strong customer engagement, especially in power, advanced node, and GaN segments. Q3 net loss narrowed year-over-year, cash position remains solid, and major revenue milestones hinge on customer qualification, particularly with ST.
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Q2 2024 saw improved financials with reduced losses and higher revenue, driven by progress in key segments like power chips, SOI, and GaN. STMicroelectronics engagement advances, new business development leadership is in place, and the company submitted its first CHIPS Act proposal.