Semiconductor firm Atomera's Q3 net loss widens to $5.6 mln

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

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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