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ATOM Atomera News Story

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Atomera Q1 net loss widens as operating expenses rise

Overview

Semiconductor materials licenser's Q1 net loss widened year-over-year

Company completed $25 mln registered direct offering, increasing cash to over $41 mln

Operating expenses rose year-over-year, driven by higher R&D and administrative costs

Outlook

Company did not provide specific financial guidance for the current or future periods

Result Drivers

TECHNOLOGY ENGAGEMENTS - Co said it made progress toward adoption of MST by GAA manufacturers, engaging with another major company in the sector

PRODUCT EXPANSION - Co expanded GaN offerings to RF applications, aiming to grow addressable market and improve device performance

Company press release: ID:nACSx4f9Za

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 Net Income-$6.07 mln
Q1 Basic EPS-$0.17
Q1 Operating Expenses$6.21 mln
Q1 Operating Income-$6.32 mln
Analyst Coverage The one available analyst rating on the shares is "buy" The average consensus recommendation for the semiconductors peer group is "buy" Wall Street's median 12-month price target for Atomera Inc is $7.00, about 32.5% below its May 4 closing price of $10.37 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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