Atomera(US:ATOM)2022-04-26 16:00Revenue - Revenue for Q1 2022 was $375,000, a decrease of 6.25% from $400,000 in Q1 2021[66] Cost of Revenue - Cost of revenue for Q1 2022 was approximately $81,000, compared to $0 in Q1 2021[66] Operating Expenses - Operating expenses for Q1 2022 totaled approximately $4.3 million, an increase of 7.5% from $4.0 million in Q1 2021[67] - Research and development expenses for Q1 2022 were approximately $2.3 million, a 5% increase from $2.2 million in Q1 2021[69] - General and administrative expenses for Q1 2022 were approximately $1.6 million, up 9% from $1.5 million in Q1 2021[70] - Selling and marketing expenses for Q1 2022 were approximately $325,000, an increase of 22% from $266,000 in Q1 2021[70] Cash Flow - Net cash used in operating activities for Q1 2022 was approximately $4.1 million, compared to $3.9 million in Q1 2021[72] - As of March 31, 2022, cash and cash equivalents were approximately $24.5 million, with working capital of approximately $23.1 million[74] - The company generated approximately $24.2 million in net proceeds from an at-the-market offering conducted between September 2020 and January 2021[63] - The company anticipates that available working capital is sufficient to fund operations for at least the next 12 months[75] Accounting and Controls - There have been no changes to critical accounting estimates from the Annual Report for the year ended December 31, 2021[76] - Management concluded that disclosure controls and procedures were effective as of March 31, 2022[76] - No changes to internal controls over financial reporting during the three-month period ended March 31, 2022[77]