Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential opportunities for traders before the market opens [1] Group 1: Premarket Gainers - Domo, Inc. (DOMO) is up 39% at $6.13 [3] - Auna SA (AUNA) is up 17% at $5.67 [3] - TMD Energy Limited (TMDE) is up 16% at $2.39 [3] - Acurx Pharmaceuticals, Inc. (ACXP) is up 14% at $3.31 [3] - Atomera Incorporated (ATOM) is up 11% at $5.58 [3] - Oracle Corporation (ORCL) is up 9% at $163.42 [3] - UniFirst Corporation (UNF) is up 8% at $280.84 [3] - Adial Pharmaceuticals, Inc. (ADIL) is up 8% at $1.99 [3] - VCI Global Limited (VCIG) is up 7% at $3.22 [3] - XTI Aerospace, Inc. (XTIA) is up 5% at $3.19 [3] Group 2: Premarket Losers - Raytech Holding Limited (RAY) is down 22% at $3.40 [4] - MiNK Therapeutics, Inc. (INKT) is down 15% at $11.39 [4] - ESGL Holdings Limited (OIO) is down 15% at $3.26 [4] - Trailblazer Holdings, Inc. (TBMC) is down 14% at $10.13 [4] - Groupon, Inc. (GRPN) is down 12% at $10.16 [4] - AeroVironment, Inc. (AVAV) is down 10% at $198.24 [4] - Brand Engagement Network, Inc. (BNAI) is down 10% at $32.83 [4] - Polaryx Therapeutics, Inc. (PLYX) is down 7% at $5.50 [4] - TIC Solutions, Inc. (TIC) is down 6% at $8.00 [4] - ENDRA Life Sciences Inc. (NDRA) is down 5% at $3.32 [4]

Core Viewpoint - Atomic Minerals Corporation has submitted drill permits for its South Lisbon Valley East property, indicating a strong belief in the potential for significant uranium mineralization in the area, which is analogous to previously productive uranium belts in the region [1][4]. Company Overview - Atomic Minerals Corporation is a publicly listed exploration company on the TSXV under the symbol ATOM, with a management team experienced in the junior mining sector [11]. - The company aims to identify exploration opportunities in underexplored regions that are geologically similar to areas with past uranium discoveries [11]. Property Details - The South Lisbon Valley East property spans 1,516.5 acres (614 hectares) and is located approximately 35 kilometers northeast of Monticello, Utah [1]. - The property is situated in the Colorado Plateau, which is known for hosting the largest uranium province in the USA, having produced 597 million pounds of uranium to date [7][12]. Exploration Plans - The company plans to drill an initial 18-20 holes across the property to test for uranium mineralization and establish the full width of the suspected arcuate belt [4]. - Drilling will utilize existing road and trail structures from historic oil and gas drilling, focusing on areas with significant gamma ray spikes [5]. Historical Context - The Lisbon Valley has a history of uranium production, yielding approximately 78 million pounds of U3O8 from 1952 to 1982 from a belt measuring 16 miles long by 1 mile wide [8]. - Historical oil and gas drilling in the area has indicated anomalous gamma ray readings, suggesting the presence of uranium mineralization in the Chinle Formation [9].

Revenue and Expenses - Revenue for the year ended December 31, 2025 was approximately $65,000, a decrease of 52% compared to $135,000 in 2024[145] - Cost of revenue increased to approximately $321,000 in 2025 from $123,000 in 2024, reflecting a significant rise in expenses[146] - Operating expenses totaled approximately $20.9 million in 2025, up from $19.3 million in 2024, marking an increase of approximately 8%[147] - Research and development expenses rose to approximately $12.3 million in 2025, an increase of approximately $1.3 million, or 12%, compared to $11.0 million in 2024[149] - General and administrative expenses increased to approximately $7.8 million in 2025, up by approximately $540,000, or 7%, from $7.3 million in 2024[150] - Selling and marketing expenses decreased to approximately $758,000 in 2025, down by approximately $295,000, or 28%, from $1.1 million in 2024[151] Financial Position - As of December 31, 2025, cash and cash equivalents were approximately $19.2 million, with working capital of approximately $17.6 million[155] - The company incurred a net loss of approximately $20.2 million for the year ended December 31, 2025[155] Cash Flow Activities - Net cash provided in investing activities for the year ended December 31, 2025 was approximately $951,000, primarily from the maturity of short-term available-for-sale investments[160] - Net cash provided by financing activities for the year ended December 31, 2025 was approximately $7.4 million, mainly from net proceeds from the ATM Facility[161] - Net cash provided by financing activities for the year ended December 31, 2024 was approximately $20.3 million, primarily from net proceeds from the ATM Facility[162] Stock and Compensation - The company has stock-based compensation programs including RSAs, RSUs, and stock options, with fair value determined at the grant date and amortized over the vesting period[165] - The fair value of performance-based restricted stock units is fixed at the grant date using a Monte Carlo simulation[165] - The company’s stock option awards are valued using the Black-Scholes Option Pricing Model[165] Dividends and Interest - The expected dividend rate is 0% as the company has not declared or paid dividends and has no plans to do so[167] - Interest income for 2025 was approximately $931,000, an increase of approximately $152,000, or 20%, compared to $779,000 in 2024[152] Accounting Policies - The company’s financial statements are prepared in accordance with U.S. generally accepted accounting principles, requiring judgment in making estimates and assumptions[163] - Lease liabilities and ROU assets are recognized for all leases greater than 12 months based on the present value of lease payments[164] - The risk-free interest rate for stock awards is based on U.S. Treasury securities yields with maturities similar to the expected terms of the awards[167] Capital Raising - The company closed a registered direct offering on February 24, 2026, raising approximately $23.6 million in net proceeds from the sale of 5,000,000 shares at $5.00 per share[155]

Core Viewpoint - Atomera Incorporated has entered into a definitive securities purchase agreement for the sale of 5,000,000 shares of common stock at an offering price of $5.00 per share, aiming for gross proceeds of approximately $25 million before fees and expenses [1] Group 1 - The offering is a registered direct offering and is expected to close on or about February 24, 2026, subject to customary closing conditions [1]

Financial Data and Key Metrics Changes - Revenue for 2025 was $65 million, consisting of NRE fees for wafer deliveries and MSTcad licensing [17] - GAAP net loss for 2025 was $20.2 million, or $0.65 per share, compared to a net loss of $18.4 million, or $0.68 per share in 2024 [17] - Non-GAAP net loss for 2025 was $16.1 million, or $0.52 per share, compared to a net loss of $15.4 million, or $0.57 per share in 2024 [17] - GAAP operating expenses increased to $20.9 million in 2025 from $19.3 million in 2024, primarily due to a $1.1 million increase in stock compensation expense [18] Business Line Data and Key Metrics Changes - In the advanced node and Gate-All-Around business segment, there is high revenue potential due to recent technical advancements [8] - In DRAM, the company is involved in enhancing performance for next-generation architectures and has two major solution offerings in validation [9] - In RF SOI, the company is working with key players to drive adoption of its solutions, which can be implemented with wafer-based products [10] Market Data and Key Metrics Changes - The semiconductor industry is facing challenges due to the rapid advancement of AI, which has increased demand for materials that can alleviate these issues [4] - The market for memories is currently robust, providing potential customers with generous R&D budgets to pursue new ideas [9] Company Strategy and Development Direction - The company is focusing on commercial execution in 2026, leveraging partnerships with major equipment OEMs to drive adoption of its MST technology [4][5] - The strategy includes engaging in government-funded collaborative developments and targeting non-traditional customer segments [4] - The company aims to convert technical breakthroughs into licenses and revenue through strategic partnerships [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to achieve significant milestones in the Gate-All-Around technology, citing recent positive test results [33] - The company is optimistic about the potential for MST technology to improve performance and efficiency in AI data centers [47] - Management emphasized the importance of achieving commercial agreements and is focused on closing opportunities in 2026 [26] Other Important Information - The company has raised additional funds through share sales, with $3.2 million raised post-year-end [24] - The company plans to continue controlling costs aggressively while focusing on areas directly related to revenue and near-term commercial progress [24] Q&A Session Summary Question: Update on Gate-All-Around technology milestones - Management expressed high confidence in achieving important next steps in the Gate-All-Around technology due to recent test data proving MST's effectiveness [33] Question: Comparison with alternative solutions - Management indicated that MST technology has proven to be superior to Silicon Arsenic in blocking dopant diffusion, which is a significant advantage [35] Question: Coverage in the power space - Management noted that while they are expanding their presence in the power space, it is a larger and more diverse market compared to RF SOI [37] Question: Update on Vice President of Sales - The new VP of Sales has been effective in driving efforts with existing customers and targeting new relationships [41] Question: Wafer activity and customer engagement - The company has seen increased customer engagement with simultaneous wafer runs, and they are optimistic about the outcomes of these runs [42] Question: Benefits of selling blank wafers - Selling blank wafers simplifies integration for customers, leading to faster time to revenue [44] Question: MST's role in AI power savings - MST technology can improve performance and efficiency in AI data centers, particularly with the shift to 48-volt power supplies [47] Question: Update on JDA One and JDA Two - Management is hopeful for progress with JDA One and confirmed that JDA Two is currently running wafers [51] Question: Evaluation of MST at customer fabs - MST is currently being evaluated at one Gate-All-Around customer's fab, with hopes to expand to others [52]

Financial Data and Key Metrics Changes - Revenue for 2025 was $65 million, consisting of NRE fees for wafer deliveries and MSTcad licensing, compared to a net loss of $20.2 million or $0.65 per share, which is an increase from a net loss of $18.4 million or $0.68 per share in 2024 [17][18] - Non-GAAP net loss for 2025 was $16.1 million or $0.52 per share, compared to a non-GAAP net loss of $15.4 million or $0.57 per share in 2024 [17][18] - Fourth quarter 2025 non-GAAP net loss was $3.3 million or $0.10 per share, an improvement from a net loss of $4.4 million or $0.14 per share in Q3 and a net loss of $3.9 million or $0.14 per share in Q4 2024 [22] Business Line Data and Key Metrics Changes - In the Gate-All-Around segment, significant progress was made with promising silicon results that validate the adoption of MST technology among major customers [7][15] - In the DRAM sector, the company is involved in enhancing next-generation architectures and has two major solution offerings in validation, with high market potential [8][9] - The RF SOI space is seeing strong offerings that can improve performance in critical areas, with a focus on wafer-based solutions for easier adoption [10] Market Data and Key Metrics Changes - The semiconductor industry is facing challenges due to the rapid advancement of AI, which has increased demand for efficient semiconductor solutions [4][5] - The market for memories is robust, providing potential customers with generous R&D budgets to pursue new technologies [9] - The power sector is expanding, with multiple inbound interests emerging for power applications, particularly in trench FETs and GaN technologies [11][12] Company Strategy and Development Direction - The company is focusing on commercial agreements and has positioned itself well for future business deal announcements [16] - Strategic partnerships with major equipment OEMs are aimed at validating and implementing MST technology in next-generation devices [5][15] - The company is emphasizing wafer-based products to facilitate faster time to revenue and reduce integration complexities [46] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the upcoming quarters for Gate-All-Around technology, citing recent technical results as a significant opportunity [33] - The company is optimistic about the potential for MST technology to improve performance and efficiency in AI data centers, particularly with the shift to 48-volt power supplies [48] - Management highlighted the importance of achieving aggressive commercial milestones to earn back deferred executive bonuses, indicating a strong focus on performance [26] Other Important Information - The company has raised additional funds through share sales, with $3.2 million raised post-year-end [24] - The company plans to continue controlling costs while focusing on areas directly related to revenue and near-term commercial progress [25] Q&A Session Summary Question: Confidence in Gate-All-Around technology milestones - Management expressed high confidence due to recent successful tests proving MST's effectiveness in blocking dopant diffusion in Gate-All-Around structures [33] Question: Competitors' alternative solutions - Management indicated that competitors have used Silicon Arsenic, which is less effective than MST for blocking diffusion, and highlighted the industry's preference to avoid arsenic due to its cost and safety concerns [35] Question: Coverage in the power space - Management noted that while they are expanding their presence in the power sector, it is a larger and more diverse market compared to RF SOI, making it harder to quantify their market share [37] Question: Update on Vice President of Sales - The new VP of Sales has been effective in driving efforts with existing customers and leveraging past relationships to engage new clients [41] Question: Wafer activity and customer engagement - Management reported increased customer activity with simultaneous wafer runs, indicating a busy operational period and confidence in the quality of the results [42] Question: Benefits of selling blank wafers - Selling blank wafers simplifies integration for customers, allowing them to apply MST directly without complex engineering challenges [44] Question: MST's role in AI power savings - MST technology can improve performance in semiconductor manufacturing, which can lead to lower power consumption, particularly in AI data centers transitioning to more efficient power supplies [47] Question: Status of JDA One and JDA Two - Management confirmed ongoing work with JDA One and noted that JDA Two is currently running wafers, indicating progress in both development agreements [51] Question: Evaluation of MST at customer fabs - MST is currently being evaluated at one Gate-All-Around customer's fab, with hopes to expand to additional customers based on positive results [52]

Financial Data and Key Metrics Changes - Revenue for 2025 was $65 million, consisting of NRE fees for wafer deliveries and MSTcad licensing [17] - GAAP net loss for 2025 was $20.2 million, or $0.65 per share, compared to a net loss of $18.4 million, or $0.68 per share in 2024 [17] - Non-GAAP net loss for 2025 was $16.1 million, or $0.52 per share, compared to a net loss of $15.4 million, or $0.57 per share in 2024 [17] - GAAP operating expenses increased to $20.9 million in 2025 from $19.3 million in 2024, primarily due to a $1.1 million increase in stock compensation expense [18] Business Line Data and Key Metrics Changes - Progress in Gate-All-Around transistor technology, which is crucial for AI and advanced semiconductor applications, has been significant, with promising results in silicon validation [5][7] - In DRAM, the company is involved in enhancing next-generation architectures and has two major solution offerings in validation [8][9] - The RF SOI space is seeing strong offerings that can improve performance in key areas, with a focus on wafer-based solutions [10] - In power applications, the company is working with large players and has identified opportunities in trench FETs and GaN technologies [11][12] Market Data and Key Metrics Changes - The semiconductor industry is facing challenges due to the rapid advancement of AI, impacting GPU supply and memory prices [4] - The market for memories is robust, providing potential customers with generous R&D budgets to pursue new technologies [9] - The shift from 12-volt to 48-volt power supplies in AI data centers is a significant trend, with the company targeting solutions for this transition [50] Company Strategy and Development Direction - The company is focusing on commercial agreements and has positioned itself well for future business opportunities [16] - Strategic partnerships with major equipment OEMs are aimed at validating and implementing MST technology in leading industry players [5][15] - The emphasis on wafer-based products is expected to lead to faster time to revenue and easier integration for customers [48] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the advancements made in Gate-All-Around technology and the potential for commercial execution in 2026 [4][33] - The company is optimistic about the results from recent wafer runs and anticipates positive outcomes that could lead to productization efforts [44] - There is a focus on controlling costs while investing in areas directly related to revenue growth [23][24] Other Important Information - The company has raised additional funds through share sales, with $3.2 million raised post-year-end [23] - The non-GAAP operating expense for 2025 was below guidance, primarily due to a reversal of accrued bonuses [23] Q&A Session Summary Question: Confidence in Gate-All-Around technology milestones - Management expressed high confidence due to recent successful tests proving MST's effectiveness in blocking dopant diffusion in Gate-All-Around structures [33] Question: Comparison with alternative solutions - Management indicated that MST technology has proven to be superior to Silicon Arsenic, which is less effective and more hazardous [35] Question: Coverage in the power space - Management noted that while they are expanding their presence in the power market, it is a larger and more diverse space compared to RF SOI [39] Question: Update on Vice President of Sales - The new VP of Sales is actively engaging with existing and potential customers, leveraging past relationships to drive sales efforts [42] Question: Wafer activity characterization - Management reported a busy period with multiple customers running wafer tests, with expectations for positive results leading to productization [44] Question: Benefits of selling blank wafers - Selling blank wafers simplifies integration for customers, leading to faster time to revenue [45][48] Question: Power saving in AI - MST technology can improve performance and efficiency in AI data centers, particularly with the transition to 48-volt power supplies [50] Question: Update on JDA One and JDA Two - JDA One is progressing, while JDA Two is currently running wafers with the company [52] Question: Evaluation of MST at customer fabs - MST is currently being evaluated at one Gate-All-Around customer fab, with hopes to expand to others [54]

Q4 2025 Conference Call February 5, 2025 Atomera Incorporated 1 Safe Harbor Atomera Incorporated 2 Mears Silicon Technology (MST®) Quantum Engineered Materials Transistor enhancement technology for the $750B semiconductor market High Leverage IP Licensing Business Model Top Tier Management Team Strong, Growing and Defensible Patent Portfolio This presentation contains forward-looking statements concerning Atomera Incorporated (""Atomera," the "Company," "we," "us," and "our"). The words "believe," "may," "w ...

Financial Performance - For the fourth quarter of 2025, Atomera reported a net loss of $4.4 million, or $0.14 per share, an improvement from a net loss of $5.6 million, or $0.17 per share in Q3 2025[4] - Fiscal year 2025 revenue was $65,000, a significant decrease from $135,000 in fiscal 2024, with a net loss of $20.2 million, or $0.65 per share, compared to a net loss of $18.4 million, or $0.68 per share in fiscal 2024[5] - Adjusted EBITDA for Q4 2025 was a loss of $3.3 million, improving from a loss of $4.4 million in Q3 2025 and $3.9 million in Q4 2024[4] - Total operating expenses for fiscal 2025 were $20.87 million, up from $19.35 million in fiscal 2024[16] - Atomera's accumulated deficit reached $241.7 million as of December 31, 2025, compared to $221.5 million a year earlier[14] Cash and Investments - As of December 31, 2025, Atomera had $19.2 million in cash and short-term investments, down from $26.8 million a year earlier[6] - The total number of shares outstanding was 32.4 million as of December 31, 2025[7] Research and Development - Research and development expenses for Q4 2025 were $2.74 million, compared to $3.30 million in Q3 2025[16] - Atomera achieved a technical breakthrough demonstrating manufacturability of Mears Silicon Technology (MST) on Gate-All-Around structures, with the first commercial customer running wafers on GaN[8] - The company is advancing its GaN-on-Silicon concept paper to the proposal phase in the Power America funding program[8]

Industry Overview - Semiconductor stocks have faced significant corrections recently, impacting investor portfolios but creating conditions for potential outsized returns [1] - Broad-based selling in the semiconductor sector affects both fundamentally strong and weaker companies, presenting opportunities for investment in both large-cap and smaller-cap stocks [2] Company Insights - Atomera (ATOM) specializes in semiconductor materials and intellectual property licensing, focusing on re-engineering silicon substrates to enhance performance and reduce costs [4] - Atomera's current market cap is $81 million, and while it has high-margin revenues due to its licensing model, it has not yet generated meaningful revenue [5] - If a major foundry adopts Atomera's technology for high-volume manufacturing, the potential revenue could shift dramatically, with an average price target of $5 suggesting the stock could double in value [6]