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
Metric
Beat/Miss
Actual
Consensus 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
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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.)