Financial Data and Key Metrics Changes - The GAAP net loss for Q3 2025 was $5.6 million or $0.17 per share, compared to a net loss of $4.6 million or $0.17 per share in Q3 2024 [18] - GAAP operating expenses increased to $5.7 million from $4.8 million in Q3 2024, driven by higher R&D and G&A expenses [18][19] - Non-GAAP net loss was $4.4 million in Q3 2025, up from a loss of $3.9 million in Q3 2024, primarily due to increased R&D expenses [19] - Cash and cash equivalents as of September 30, 2025, were $20.3 million, down from $22 million as of June 30, 2025 [20] Business Line Data and Key Metrics Changes - The company processed a record number of wafers for customers in the last three months, indicating strong operational activity across various technology focus areas [9] - The focus on MST starting wafers is expected to accelerate revenue generation due to easier integration into existing production flows [10][11] Market Data and Key Metrics Changes - Customers are evaluating MST for power devices between 5 and 48 volts, indicating a broadening market interest [8] - The semiconductor industry is entering a new materials innovation cycle, with a focus on performance, reliability, and reduced variability [15][16] Company Strategy and Development Direction - The company aims to prioritize revenue potential by focusing on the fastest time to market, highest return on investment, and breakthrough long-term growth [10] - Strategic partnerships are being leveraged to advance engagements in gate-all-around logic, memory, and power [17] - The company is actively pursuing new breakthrough materials enabled by MST through commercial partnerships and university collaborations [13] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges of bringing new material technology to market but emphasized the validation achieved with STMicroelectronics [4][6] - The company remains optimistic about future engagements with other customers in the power market segment [8] - The new VP of Sales is expected to enhance sales growth and convert existing opportunities into licenses [16] Other Important Information - The company has filed fundamental patents for several new materials under development, which may lead to disruptive technology announcements in various fields [13] - The gallium nitride initiative is progressing, with device fabrication underway to demonstrate improved electrical performance [14] Q&A Session Summary Question: Can you elaborate on the situation with STMicroelectronics? - The transition from 200 mm to 300 mm wafers led to a loss of ability to validate the new implementation in time for STMicroelectronics' production schedule [28][29] Question: What are the benefits learned from the STMicroelectronics engagement? - The company can apply the architecture and techniques developed with STMicroelectronics to other customers in the power space, enhancing their offerings [35] Question: How many transformative customers are currently engaged? - The company is actively working with more than two transformative customers, with ongoing engagements across various segments [39][40] Question: What is the status of the large demo run mentioned previously? - Revenue from the large demo run is expected to contribute to Q4, but specific timing and customer details remain complex due to the iterative nature of the engagements [43][45] Question: What is the expected timeline for gate-all-around projects to enter production? - Most gate-all-around projects are still a few years out from production, but some may improve yield on current processes and enter production quickly [56][57] Question: Can you provide details on the partnership with Sandia National Labs? - The partnership involves shared costs for testing, with the goal of generating valuable RF data for marketing purposes [59]

Company Overview - Atomera Incorporated focuses on Mears Silicon Technology (MST®), a quantum-engineered material designed to enhance transistor performance in the semiconductor market[5,6] - The company operates with a high-leverage IP licensing business model and possesses a strong patent portfolio[6] - MST technology targets advanced nodes, DRAM, RF-SOI, and power applications[7] Financial Performance (Q3 2025) - Revenue for the three months ended September 30, 2025, was $11 thousand, compared to $22 thousand for the three months ended September 30, 2024[11] - Operating loss for the quarter was $(5,793) thousand, compared to $(4,800) thousand in the same period last year[11] - Net loss was $(5,573) thousand, or $(0.19) per share, compared to a net loss of $(4,595) thousand, or $(0.17) per share, in Q3 2024[11] - Adjusted EBITDA (Non-GAAP) was $(4,440) thousand, or $(0.14) per share[11] - Cash, equivalents, and short-term investments totaled $20,322 thousand as of September 30, 2025[11] Strategic Focus - The company aims to improve customer products through MST integration, benefiting both parties financially[12] - MST can be used in starting wafers for RFSOI, GaN, and Next Gen DRAM, offering easier integration and faster time to revenue[9] - MST also targets high-volume potential products like GAA Logic, DRAM, Power, and Flash memory, which involve longer integration but offer higher revenue potential[9]

Financial Performance - The company reported a net loss of $5.6 million, or $0.17 per share, for Q3 2025, compared to a net loss of $4.6 million, or $0.17 per share, in Q3 2024[4] - Adjusted EBITDA for Q3 2025 was a loss of $4.4 million, compared to a loss of $3.9 million in Q3 2024[4] - Cash, cash equivalents, and short-term investments decreased to $20.3 million as of September 30, 2025, down from $26.8 million as of December 31, 2024[5] - The company experienced a gross margin loss of $117,000 in Q3 2025, compared to a gross margin of $19,000 in Q3 2024[16] - Total operating expenses for Q3 2025 were $5.7 million, up from $4.8 million in Q3 2024[16] Operational Highlights - The company processed a record number of MST wafers for customers during the quarter[8] - Research and development expenses increased to $3.3 million in Q3 2025, compared to $2.8 million in Q3 2024[16] - The total number of shares outstanding was 31.5 million as of September 30, 2025[6] Strategic Initiatives - The company announced the hiring of Wei Na as Vice President of Sales to enhance customer engagement and accelerate licensing agreements[3] - The company emphasized the importance of its collaboration with STMicroelectronics for gaining technical insights and market credibility despite not progressing as hoped[3]

Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - Beyond Meat, Inc. (BYND) has seen a substantial increase of 85%, trading at $6.73 [3] - Krispy Kreme, Inc. (DNUT) is up 37%, currently priced at $5.09 [3] - Splash Beverage Group, Inc. (SBEV) has risen by 35%, trading at $2.63 [3] - Rani Therapeutics Holdings, Inc. (RANI) is up 25%, priced at $3.59 [3] - 1-800-FLOWERS.COM, Inc. (FLWS) has increased by 24%, trading at $6.41 [3] - Vicor Corporation (VICR) is up 20%, currently at $79.15 [3] - WORK Medical Technology Group LTD (WOK) has risen by 19%, trading at $4.69 [3] - Intuitive Surgical, Inc. (ISRG) is up 17%, priced at $541.58 [3] - Pegasystems Inc. (PEGA) has increased by 12%, trading at $64.25 [3] - Biodesix, Inc. (BDSX) is up 6%, currently at $7.26 [3] Premarket Losers - Atomera Incorporated (ATOM) has experienced a significant decline of 41%, trading at $2.47 [4] - rYojbaba Co., Ltd. (RYOJ) is down 25%, currently priced at $6.77 [4] - Charming Medical Limited (MCTA) has decreased by 22%, trading at $5.42 [4] - AlphaVest Acquisition Corp (ATMV) is down 21%, priced at $10.63 [4] - Minerva Neurosciences, Inc. (NERV) has seen a decline of 17%, trading at $5.29 [4] - Owlet, Inc. (OWLT) is down 15%, currently at $7.42 [4] - Newegg Commerce, Inc. (NEGG) has decreased by 14%, trading at $42.95 [4] - Aveanna Healthcare Holdings Inc. (AVAH) is down 11%, priced at $9.09 [4] - Terns Pharmaceuticals, Inc. (TERN) has seen a decline of 10%, trading at $7.25 [4] - Bgin Blockchain Limited (BGIN) is down 10%, currently at $4.45 [4]

Core Viewpoint - Atomera Incorporated plans to release its third quarter 2025 financial results on October 28, 2025, after market close, indicating ongoing transparency and communication with investors [1] Company Summary - Atomera is a semiconductor materials and technology licensing company, highlighting its focus on innovation within the semiconductor industry [1] - The company will host a live video Zoom webinar at 2:00 p.m. on the same day as the financial results release, providing an opportunity for stakeholders to engage directly [1]

Core Viewpoint - Atomic Minerals Corporation has expanded its Mozzie Lake project by acquiring additional claims, enhancing its exploration potential in the uranium-rich region of northern Saskatchewan [1][2]. Acquisition Details - The company acquired 5 claims totaling 20,743.5 hectares, increasing the Mozzie Lake project area to 26,073.5 hectares [1]. - The acquisition terms include a payment of $20,000, issuance of 2,000,000 common shares, 1,000,000 warrants exercisable at $0.10 for two years, and a 2% gross overriding royalty on future production [5]. Historical Estimates - Previous drilling programs in 1967 and 1968 identified an estimated 208,300 tons grading 0.118% triuranium octoxide, equating to approximately 491,588 pounds of U3O8 [2][3]. - The historic estimate is considered relevant and reliable, classified as drill indicated, comparable to an inferred resource, but requires further drilling to upgrade its classification [3]. Advisory Board Appointment - Mr. Jody Dahrouge has been appointed to the Advisory Board, bringing over 30 years of experience in mineral exploration, particularly in uranium [6][7]. - His expertise is expected to enhance the company's exploration efforts in both the Athabasca region and U.S. projects [9]. Company Overview - Atomic Minerals Corporation is publicly listed on the TSXV under the symbol ATOM, focusing on exploration opportunities in underexplored regions with geological similarities to past uranium discoveries [11]. - The company's portfolio includes uranium projects in the Colorado Plateau and the Athabasca region, which have historically produced significant amounts of U3O8 [12].

Group 1 - Atomera Incorporated will present research on Mears Silicon Technology (MST) [1] - The presentation will take place on September 15 & 16, 2025 [1] - The event will be held at the Santa Fe Convention Center in New Mexico [1]

Business Overview - Atomera focuses on Mears Silicon Technology (MST®), a quantum engineered material, for transistor enhancement in the $600 billion semiconductor market[5,6] - The company operates with a high leverage IP licensing business model[6] - Atomera has a strong and growing patent portfolio[6] Customer Engagement - Atomera is engaged with 20 customers across 26 engagements, including over half of the world's top semiconductor makers[12] - At least 10 of the top 20 semiconductor sales leaders with fabs are Atomera's customers[10] - Customer engagements are categorized into phases from planning to production[7] Technology Focus - MST technology is focused on advanced nodes, RF-SOI, power applications, and DRAM[13] - MST can help deliver lower power LNAs (Low Noise Amplifiers) for leading handset makers[17] Intellectual Property - Atomera has 402 patents issued and pending[19] - The patent portfolio includes 114 US patents and 121 foreign patents issued, plus 167 pending patents[20] Financial Performance (Q2 2025) - Revenue was $0 thousand for the three months ended June 30, 2025, compared to $72 thousand for the three months ended June 30, 2024[25] - Net loss was $(4,967) thousand, or $(0.17) per share[25] - Cash, equivalents, and short-term investments totaled $22,026 thousand[25]

Core Insights - Atomera reported a wider-than-expected GAAP net loss of $(0.17) per share for Q2 2025, compared to analyst expectations of $(0.14) [1][5] - The company’s revenue was $0, down from $72,000 in the prior year, indicating a 100% year-over-year decline [2][5] - Cash and cash equivalents stood at $22.0 million at the end of the quarter, reflecting ongoing negative cash flow [1][10] Financial Performance - GAAP EPS was $(0.17), a 6.3% increase in loss compared to $(0.16) in Q2 2024 [2] - Adjusted EBITDA was $(4.0 million), worsening from $(3.6 million) year-over-year, indicating an 11.1% increase in losses [2] - Operating expenses rose to $5.2 million from $4.6 million in the prior year, driven by increased R&D and administrative costs [5] Business Overview and Strategy - Atomera develops Mears Silicon Technology (MST), aimed at enhancing semiconductor chip performance and efficiency [3] - The business model focuses on licensing MST to major semiconductor manufacturers, with the goal of generating royalties [3] - The company is prioritizing partnerships and intellectual property protection to facilitate MST's industry adoption [4] Operational Developments - Atomera signed a strategic agreement with a leading chip fabrication equipment vendor to support MST deployment, aiming to accelerate licensing deals [6] - The company achieved a milestone of 400 issued and pending patents, up from about 270 at the end of 2024, emphasizing its focus on intellectual property [7] - Atomera completed the first MST-enabled gallium nitride (GaN) devices, which are undergoing electrical testing to demonstrate performance improvements [7] Future Outlook - Management did not provide formal revenue or earnings guidance for the upcoming quarters, citing unresolved customer qualification steps [9] - Non-GAAP operating expenses are projected to be between $17.25 million and $17.75 million for the year [9] - Investors are advised to monitor developments such as new commercial license signings and customer qualifications, particularly with STMicroelectronics [10]

Financial Data and Key Metrics Changes - The GAAP net loss for Q2 2025 was $5 million, or $0.17 per share, compared to a net loss of $4.4 million in Q2 2024, which was $0.16 per share [20] - GAAP operating expenses in Q2 2025 were $5.2 million, an increase of $565,000 from $4.6 million in Q2 2024 [20] - Non-GAAP net loss in Q2 2025 was $4 million, compared to a loss of $3.6 million in Q2 2024 [21] - Cash and cash equivalents as of June 30, 2025, were $22 million, down from $24.1 million as of March 31, 2025 [22] Business Line Data and Key Metrics Changes - The company is experiencing higher wafer activity due to multiple ongoing initiatives and customer engagements [4] - Significant customer interest in MST technology has been noted, with many licensees conducting demo runs [7][9] - The transition to 300mm wafers by ST Micro is expected to delay process qualification but presents a significant revenue potential [5][6] Market Data and Key Metrics Changes - The semiconductor industry is seeing macro factors that favor Atomera's product initiatives, leading to increased wafer activity [4] - The company is expanding its focus from GaN for power to include GaN for RF, indicating a strategic shift to capture growth in RF applications [11] Company Strategy and Development Direction - Atomera aims to enable new capabilities for electronic devices through innovative solutions that address industry challenges [24] - The company is actively engaging with top semiconductor manufacturers to convert current engagements into commercial success [24] - Atomera has joined the National Semiconductor Technology Center to contribute to U.S. semiconductor technology leadership and reduce prototyping costs [16][17] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing a high level of customer engagement and the potential for several agreements to materialize soon [18] - The company is focused on improving yields and performance in advanced nodes, which is critical for customer adoption [10] - Management believes that the current level of innovation and patent filings positions Atomera favorably in the market [15] Other Important Information - The company has exceeded 400 issued and pending patents, marking a significant milestone [16] - Atomera is making progress in hiring additional team members to support increased customer activity [19] Q&A Session Summary Question: What is the impact of the delay with STMicro on the transition to 300mm wafers? - Management indicated that prior work with STMicro will be beneficial for the transition to 300mm wafers, and they are confident in moving forward quickly once the necessary tools are in place [28][29] Question: How are other customers reacting to the STMicro situation? - Management noted that while the STMicro delay is specific, other customers are already starting their projects with 300mm wafers, indicating a low risk of industry-wide setbacks [60] Question: Can you elaborate on the transformative customers mentioned? - Management described one customer conducting a large-scale demo run, which is expected to yield significant insights and learning cycles [41][42] Question: What is the status of the collaboration with the unnamed equipment vendor? - Management confirmed ongoing discussions and weekly meetings to define customer engagement strategies and application areas [51][52] Question: What are Atomera's plans regarding the data center market? - The company is targeting the data center market with its MST SPX and gallium nitride technologies, which are expected to enhance power efficiency [67] Question: Are there updates on contract discussions with memory customers? - Management refrained from commenting on specific contract discussions but confirmed ongoing efforts to develop new IP for memory device structures [71][72]