Financial Data and Key Metrics Changes - The GAAP net loss for Q1 2024 was $4.8 million or $0.19 per share, compared to a net loss of $5 million or $0.21 per share in Q1 2023 [22] - Revenues were $18,000 in Q1 2024, a decrease from $550,000 in Q4 2023 and an increase from $0 in Q1 2023 [22][26] - GAAP operating expenses were $5 million in Q1 2024, a decrease of approximately $148,000 from $5.2 million in Q1 2023 [22] - Non-GAAP net loss in Q1 2024 was $4 million, compared to a loss of $4.2 million in Q1 2023 [24] Business Line Data and Key Metrics Changes - The first announced customer, STMicroelectronics, is incorporating MST into the design of next-generation smart power products, with ST reporting $2.2 billion in APMS revenue for Q1 2024 [9] - A historically high number of proposals for licenses and JDAs were submitted, indicating increased customer interest [10] - The foundry licensee is interested in incorporating MST into their next-generation process nodes [12] Market Data and Key Metrics Changes - The semiconductor industry is expected to see modest growth, particularly in AI and DRAM sectors, while automotive markets are softening [7] - The GaN market is growing rapidly, with a reported 41% growth in 2023 and a projected CAGR of 46% over the next five years [17] Company Strategy and Development Direction - The company aims to help STMicroelectronics achieve high performance with MST and expedite production [9] - Atomera is exploring new applications in the compound semiconductor sector, including silicon carbide and gallium nitride [16] - The focus remains on converting proposals into licenses to establish a diversified technology leadership in the semiconductor industry [20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the semiconductor market's growth and the company's positioning to benefit from increased customer interest [8] - The company is confident in its ability to announce license deals that will solidify its business potential [28] - Management acknowledged the frustration of investors regarding the lack of immediate business announcements despite ongoing efforts [14] Other Important Information - The company has been evaluating potential R&D foundry partners and plans to recruit new marketing talent [20] - The balance of cash, cash equivalents, and short-term investments was $19.3 million as of March 31, 2024 [24] Q&A Session Summary Question: Significance of record number of proposals - Management clarified that proposals are generated only when customers express interest, indicating strong demand [30] Question: Timing for PDK from STMicro - Management confirmed they have visibility into STMicro's development process but cannot disclose specific timelines [34] Question: Outcome expectations for MST CAD license - The MST CAD license is a first step towards a manufacturing license, with expectations for continued engagement beyond the initial contract [39] Question: Engagement with JDA partners - Management expressed frustration over delays in decision-making from JDA partners despite meeting all specifications [41][42] Question: Replacement for TSI - Management indicated that discussions with potential replacements for TSI are progressing well, with multiple options available [53] Question: Business model for GaN market - The company is considering various approaches for entering the GaN market, including licensing and potential manufacturing [64]

Financial Performance - Atomera reported a net loss of $4.8 million, or $0.19 per share, for Q1 2024, an improvement from a net loss of $5.0 million, or $0.21 per share, in Q1 2023[3] - Adjusted EBITDA for Q1 2024 was a loss of $4.0 million, compared to a loss of $4.2 million in Q1 2023[3] - The company had $19.3 million in cash and short-term investments as of March 31, 2024, slightly down from $19.5 million at the end of 2023[3] - Atomera's total operating expenses for Q1 2024 were $5.0 million, a decrease from $5.3 million in Q4 2023[12] - Research and development expenses were $2.9 million in Q1 2024, down from $3.0 million in Q1 2023[12] - The total number of shares outstanding was 26.9 million as of March 31, 2024[3] Business Development - The company reported a record number of commercial proposals in the last three months, indicating strong customer engagement[1] - Atomera is making progress in the compound semiconductor market, which is expected to drive future growth[2] - The company continues to explore licensing agreements with multiple customers, marking a significant increase in activity[2] Technology Innovation - Atomera's proprietary Mears Silicon Technology™ aims to enhance performance and power efficiency in semiconductor transistors[6]

Core Insights - Hypergrowth stocks present both significant investment opportunities and risks, with some companies experiencing substantial revenue growth while others face challenges and losses [1][2] - The current economic environment, characterized by declining interest rates, may provide a favorable backdrop for previously high-performing stocks to regain momentum [2] Company Summaries Atomera (ATOM) - Atomera is leveraging its Mears Silicon Technology (MST) to enhance semiconductor performance without altering manufacturing tools, with applications across various circuit types [3] - A partnership with STMicroelectronics has validated MST's production readiness, potentially leading to increased industry recognition [4] - Revenue projections for Atomera indicate growth from $3 million in 2024 to $10 million in 2025, marking a significant inflection point for the company [4] Data Storage Corp. (DTST) - Data Storage Corp. is positioned as a key player in the AI data infrastructure market, benefiting from the growing demand for data storage solutions [6] - The company reported a 35% year-over-year revenue growth to $6 million last quarter, maintaining profitability with earnings per share of 2 cents [7] - The CloudFirst segment has shown triple-digit growth, indicating strong potential for future expansion [6] Civitas Resources (CIVI) - Civitas Resources is an independent oil and gas producer with significant growth in earnings and revenue expected, with EPS projected to rise by 17% this year and 15% next year [8] - Revenue is anticipated to surge by 57% to $5.5 billion in 2024, supported by favorable oil prices due to tight supply and strong demand [8] - The company offers an attractive 8.5% dividend yield, distributing 50% of its average free cash flow, indicating robust cash flow growth potential [8]

da-kuk Atomera Incorporated (NASDAQ:ATOM) recently reported significant exposure to the AI industry, 5G, and the IoT sector, which may, in my view, accelerate net sales growth. Taking into account the number of customer engagements expected for the year 2024, the business connections of ATOM's CEO, and total amount of cash standing in the balance sheet, ATOM does look like a buy. There are risks from failed sales and marketing efforts, failed partnerships with manufacturers, or lack of sufficient financing ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-37850 ATOMERA INCORPORATED (Exact name of registrant as specified in its charter) Delaware 30-0509586 (State or Other jurisdiction ...

Financial Data and Key Metrics Changes - Revenue for 2023 was $550,000, all recognized in Q4, resulting from the installation and acceptance of MST technology at STMicro's fab [19] - GAAP net loss for 2023 was $19.8 million, or $0.80 per share, compared to a net loss of $17.4 million, or $0.75 per share in 2022 [19] - GAAP operating expenses were $21.2 million in 2023, an increase of approximately $3.4 million from $17.8 million in 2022, primarily driven by a $2.5 million increase in R&D expenses [19][20] Business Line Data and Key Metrics Changes - The installation of MST technology at STMicro's fab in Agrate, Italy was a significant milestone, marking the transition to production [6][7] - The company is seeing growth in Phase 4 of its customer pipeline, reflecting the ST installation and ongoing development with other customers [12][13] Market Data and Key Metrics Changes - The semiconductor industry faced negative growth in 2023, but there is emerging optimism for 2024 driven by new AI capabilities [6] - Increased interest in higher voltage semiconductor areas is noted, with competition from Chinese companies prompting established players to differentiate their technology [14] Company Strategy and Development Direction - The company aims to accelerate customer adoption of MST technology, with a focus on getting more customers to production [12][18] - The strategy includes leveraging the successful installation at STMicro to drive interest and adoption among other potential customers [32] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, highlighting 2023 as a catalyst year for commercial success [5][18] - The company is focused on ensuring a successful and rapid production ramp of MST at STMicro while also pursuing additional customers [12][26] Other Important Information - The company has a cash balance of $19.5 million as of December 31, 2023, down from $21.2 million at the end of 2022 [22] - The next grant of license rights to STMicro will enable them to manufacture and sell products with MST, leading to royalty payments for Atomera [22][23] Q&A Session Summary Question: Time frame for productization with STMicro - Management indicated that while the expected time frame remains 1.5 to 2 years, recent progress could potentially allow for an earlier timeline [27][28] Question: Halo effect of STMicro's adoption - Management confirmed that STMicro's engagement is already acting as a catalyst for other companies to consider adopting MST technology [31][32] Question: Update on engagement with DRAM manufacturers - Management stated ongoing discussions with DRAM manufacturers, indicating that the work is not in early stages and is progressing [51][53] Question: Impact of TSI delay on business - Management clarified that the delay with TSI does not impact customer engagements, as TSI was primarily for internal R&D testing [45][46] Question: Update on the CHIPS Act - Management is actively working to engage with the government for potential opportunities related to the CHIPS Act, although no specific announcements were made [59]

Financial Data and Key Metrics Changes - The GAAP net loss for Q3 2023 was $5 million or $0.20 per share, compared to a net loss of $4.6 million or $0.20 per share in Q3 2022 [16] - GAAP operating expenses were $5.4 million in Q3 2023, an increase of approximately $696,000 from $4.7 million in Q2 2022 [16] - Non-GAAP net loss was flat sequentially at $4.3 million in Q3 and Q2 of 2023, compared to a loss of $3.7 million in Q3 of 2022 [17] Business Line Data and Key Metrics Changes - The company reported progress with Phase 3 customers, indicating a growing number of opportunities and applications for MST technology [5] - Experiments with JDA 1 customer showed excellent technical results, focusing on a significant problem faced by one of their largest business units [9] - Interest in higher voltage technology offerings, MST, SP, and SPX has increased, with MSTcad being adopted by a large analog and power manufacturer [10] Market Data and Key Metrics Changes - The company is part of the Southwest Advanced Prototyping Hub, which received funding through the CHIPS and Sciences Act, enhancing its position in the semiconductor ecosystem [12] - The company is seeing a shift in the RF SOI market, with new silicon test results validating improvements that are critical for cellular product designers [10] Company Strategy and Development Direction - Atomera aims to build a strong and growing royalty stream by expanding its customer base across various market segments [15] - The company is focusing on establishing partnerships and ecosystems to advance its technology in complex and expensive semiconductor markets [12] - Atomera has introduced a new segment for MST technology in DRAM, targeting improvements that align with the demands of artificial intelligence [14] Management's Comments on Operating Environment and Future Outlook - Management believes the current market conditions, characterized by low capacity utilization, present opportunities for development without disruption [37] - The company anticipates a return to normal levels of activity in the semiconductor industry, with growth expected to pick up next year [37] - Management expressed optimism about the future, expecting to announce more licensing and production deals soon [15] Other Important Information - The balance of cash, cash equivalents, and short-term investments was $20.4 million as of September 30, 2023, down from $23.8 million on June 30, 2023 [18] - The company expects Q4 revenue to be in the range of $300,000 to $350,000, primarily from STMicro's first milestone payment for MST installation [19] Q&A Session Summary Question: Clarification on STMicro's timeline - Management believes there will be no delay in the 18- to 24-month timeframe for STMicro to reach production, as development work will continue regardless of installation timing [24] Question: Progress with JDA 1 customer - The focus is currently on business-related dynamics rather than technological issues, with discussions ongoing to finalize a contract for production [29] Question: Impact of STMicro on other customers - The STMicro license agreement is believed to enhance credibility and interest in MST technology among other potential customers [30] Question: Market conditions and customer sentiment - Management noted that while the market has been rough this year, low capacity utilization allows for quicker integration of new technologies without disrupting existing operations [37] Question: Engagement with STMicro - MST technology is being applied within STMicro's smart power products team, with potential applications across multiple divisions [40]

Financial Performance - Atomera's revenue for the three and nine months ended September 30, 2023, was $0, compared to $2,000 and $377,000 for the same periods in 2022 [77]. - For the nine months ended September 30, 2023, the company reported a net loss of approximately $15.2 million and used approximately $11.6 million of cash and cash equivalents in operations [89]. Operating Expenses - Operating expenses for the three months ended September 30, 2023, were approximately $5.4 million, an increase of 15% from $4.7 million in 2022 [79]. - Research and development expenses for the three months ended September 30, 2023, increased by approximately $562,000, or 20%, totaling approximately $3.3 million [80]. - General and administrative expenses for the three months ended September 30, 2023, were approximately $1.7 million, reflecting a 7% increase from $1.6 million in 2022 [82]. - Selling and marketing expenses for the three months ended September 30, 2023, were approximately $365,000, an increase of 5% from $347,000 in 2022 [83]. Cash Flow - Net cash used in operating activities for the nine months ended September 30, 2023, was approximately $11.6 million, resulting from a net loss of approximately $15.2 million [87]. - Net cash used in investing activities for the nine months ended September 30, 2023, was approximately $7.6 million, primarily for the purchase of short-term available-for-sale investments [88]. - Net cash provided by financing activities for the nine months ended September 30, 2023, was approximately $10.7 million, primarily related to net proceeds from the ATM offering [88]. - As of September 30, 2023, the company had cash and cash equivalents of approximately $12.6 million, short-term investments of approximately $7.7 million, and working capital of approximately $17.9 million [89]. Capital Raising and Future Needs - The company sold approximately 1.4 million shares at an average price of approximately $8.11, resulting in approximately $11.2 million of net proceeds after deducting commissions and other offering expenses [91]. - Since September 30, 2023, the company sold approximately 15,000 additional shares at an average price of $7.13, resulting in additional net proceeds of approximately $104,000 [91]. - The company believes its available working capital is sufficient to fund its forecasted working capital requirements for at least the next 12 months [92]. - The company may need to raise additional capital if it cannot generate sufficient revenue from license fees and royalties [92]. Licensing and Partnerships - Atomera entered into a license agreement with ST Microelectronics in April 2023, which could lead to royalties on MST-enabled products upon successful milestones [72]. Operational Risks - The company is facing a potential loss of access to semiconductor manufacturing and engineering services from TSI Technology Development & Commercialization Services LLC, effective January 31, 2024 [96]. - The transition to a new foundry provider may incur meaningful startup costs and divert engineering resources from ongoing R&D activities [96]. Internal Controls and Accounting - The company has not experienced any changes to its critical accounting estimates or internal controls over financial reporting during the reporting period [93][94]. - Management concluded that the company's disclosure controls and procedures were effective as of September 30, 2023 [93].

Atomera Incorporated (NASDAQ:ATOM) Q2 2023 Earnings Conference Call August 2, 2023 5:00 PM ET Company Participants Mike Bishop - Investor Relations Scott Bibaud - President & Chief Executive Officer Frank Laurencio - Chief Financial Officer Conference Call Participants Richard Shannon - Craig Hallum Cody Acree - The Benchmark Company Mike Bishop Hello, everyone, and welcome to Atomera’s Second Quarter Fiscal Year 2023 Update Call. I’d like to remind everyone that this call and webinar are being recorded, an ...

Q2 2023 Conference Call August 2, 2023 Atomera Incorporated 1 Safe Harbor This presentation contains forward-looking statements concerning Atomera Incorporated (““Atomera,” the “Company,” “we,” “us,” ...