The following is a summary of the Atomera Incorporated (ATOM) Q1 2024 Earnings Call Transcript:
Financial Performance:
Atomera reported a GAAP net loss for Q1 2024 of $4.8 million or $0.19 per share, a slight improvement from a net loss of $5 million in Q1 2023.
Q1 2024 revenues were $18,000, compared to $0 in Q1 2023 and a significant decrease from $550,000 in Q4 2023.
The company maintained a balance of cash, cash equivalents, and short-term investments of $19.3 million at the end of Q1 2024.
Business Progress:
Development of Atomera's MST technology with STMicroelectronics is on track for production release.
The company has increased submissions for licenses and JDAs, increasing potential for new contracts and partnerships.
Atomera's partnership with the JDA2 customer shows promising early data that could lead to a licensing agreement and production.
The company is expanding its portfolio with new variations of silicon lattice films and is securing patents around structures in advanced nodes and memory area.
Atomera is actively involved with manufacturers in the RF SOI market and has made their MST CAD tools available for customers.
The company is exploring the GaN and compound semiconductor markets for new potential revenue streams.
More details: Atomera IR
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.