Atomera(US:ATOM)2024-04-25 20:45Financial 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]