Overview
Atomera reports Q3 net loss of $5.6 mln, wider than last year's loss
Adjusted EBITDA loss widens to $4.4 mln from $3.9 mln in Q3 2024
Atomera's cash reserves fall to $20.3 mln from $26.8 mln at 2024 end
Outlook
Atomera did not provide specific financial guidance for the current quarter or full year in press release
Result Drivers
MST WAFERS - Record number of MST wafers processed for customers, indicating increased customer engagement
PARTNERSHIP RESULTS - Partnership with capital equipment partner starting to show results
NEW VP OF SALES - Hiring of Wei Na as VP of Sales Management expected to accelerate pipeline conversion
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
-$5.57 mln
Q3 Basic EPS
-$0.17
Q3 Operating Expenses
$5.67 mln
Q3 Operating Income
-$5.79 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 $5.00, about 34% above its October 27 closing price of $3.30
Press Release: ID:nACSSc6gsa
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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.)