Atomera Q2 revenue rises as customer engagements advance
Atomera Q2 revenue rises as customer engagements advance
Overview
Semiconductor tech licensor's Q2 revenue rose yr/yr, net loss widened
Company highlighted progress with advanced logic and memory customers, and new GaN-on-Silicon approach
Cash and short-term investments rose to $38.4 mln at quarter end
Outlook
Company did not provide specific financial guidance for the current or upcoming periods
Result Drivers
CUSTOMER ENGAGEMENTS - Co said it made progress with customer engagements in advanced logic and memory segments, citing AI-driven demand for performance improvements
GaN-ON-SILICON DEVELOPMENT - Co highlighted a new approach to GaN-on-Silicon for RF applications, aiming to reduce costs and complexity
MEMORY MARKET INTEREST - Co reported growing interest from DRAM and flash memory providers
Company press release: ID:nPn7WdZDBa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| $158,000 | $100,000 (1 Analyst) |
Q2 Net Loss |
| $6.34 mln |
|
Q2 Loss Per Basic Share |
| $0.17 |
|
Q2 Operating Expenses |
| $6.89 mln |
|
Q2 Operating Income |
| -$6.76 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 $10.00, about 89% above its August 3 closing price of $5.29
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(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.)