A
Atomera Inc
ATOMCIK 0001420520NasdaqNon-AcceleratedSmaller ReportingSemiconductors & Related DevicesDelawareFY ends Dec 31
Period
FY 2025
Revenue
$65.0K
Net Income
$-20.17M
Total Assets
$21.09M
Equity
$18.38M
Shares Out
38.70M
Op. Cash Flow
$-14.87M
Business
Atomera Inc develops, commercializes and licenses Mears Silicon Technology (MST), a patented thin-film silicon performance enhancement for the semiconductor industry. Its offerings include MST films, MSTcad TCAD simulation software and fee-based engineering services to support integration, testing and qualification. The company engages through license agreements, joint development agreements and integration, R&D and high-volume manufacturing (HVM) license stages with customers such as foundries, IDMs, fabless semiconductor companies, OEMs and EDA vendors. Atomera markets MST globally through direct industry contacts, collaborations with tool OEMs and regional sales representatives.
Summary from filing dated 2025-03-04
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue: | 65,000 | 135,000 | 550,000 | 382,000 | 400,000 | |
| Cost of revenue | −321,000 | −123,000 | −28,000 | −81,000 | — | |
| Gross margin | −256,000 | 12,000 | 522,000 | 301,000 | 400,000 | |
| Research and development | 12 | 11 | 13 | 10 | 9 | |
| General and administrative | 8 | 7 | 7 | 6 | 6 | |
| Selling and marketing | 758,000 | 1 | 2 | 1 | 986,000 | |
| Total operating expenses | 21 | 19 | 21 | 18 | 16 | |
| Loss from operations | −21 | −19 | −21 | −18 | −16 | |
| Interest income | 931,000 | 779,000 | 723,000 | 340,000 | 9,000 | |
| Accretion income | 6,000 | 178,000 | 283,000 | 0 | — | |
| Other income, net | 72,000 | 73,000 | 75,000 | — | — | |
| Interest expense | −60,000 | −129,000 | −194,000 | — | — | |
| Total other income, net | 949,000 | 901,000 | 887,000 | 85,000 | −119,000 | |
| Net loss | −20 | −18 | −20 | −17 | −16 | |
| Net loss per common share, basic | −0.65 | −0.68 | −0.8 | −0.75 | −0.7 | |
| Net loss per common share, diluted | −0.65 | −0.68 | −0.8 | −0.75 | −0.7 | |
| Weighted average number of common shares outstanding, basic | 31 | 27 | 25 | 23 | 22 | |
| Weighted average number of common shares outstanding, diluted | 31 | 27 | 25 | 23 | 22 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 19 | 26 | 13 | 21 | 29 | |
| Short-term investments | 0 | 995,000 | 7 | 0 | — | |
| Accounts receivable | 0 | 6,000 | 0 | — | — | |
| Interest receivable | 54,000 | 73,000 | 79,000 | 0 | — | |
| Prepaid expenses and other current assets | 338,000 | 240,000 | 244,000 | 418,000 | 309,000 | |
| Total current assets | 20 | 27 | 20 | 22 | 29 | |
| Property and equipment, net | 60,000 | 59,000 | 100,000 | 158,000 | 196,000 | |
| Long-term prepaid maintenance and supplies | 0 | 91,000 | 91,000 | — | — | |
| Security deposit | 14,000 | 14,000 | 14,000 | 14,000 | 14,000 | |
| Operating lease right-of-use-asset | 884,000 | 280,000 | 517,000 | 700,000 | 900,000 | |
| Financing lease right-of-use-asset | 533,000 | 2 | 3 | 4 | 6 | |
| Total assets | 21 | 29 | 24 | 27 | 36 | |
| Accounts payable | 608,000 | 492,000 | 618,000 | 397,000 | 338,000 | |
| Accrued expenses | 168,000 | 239,000 | 222,000 | 173,000 | 203,000 | |
| Accrued payroll related expenses | 650,000 | 1 | 1 | 967,000 | 601,000 | |
| Current operating lease liability | 147,000 | 260,000 | 264,000 | 245,000 | 216,000 | |
| Current financing lease liability | 420,000 | 1 | 1 | 1 | 1 | |
| Deferred revenue | 7,000 | 4,000 | 0 | — | — | |
| Total current liabilities | 2 | 4 | 4 | 3 | 3 | |
| Long-term operating lease liability | 712,000 | 22,000 | 295,000 | 521,000 | 768,000 | |
| Long-term financing lease liability | 0 | 449,000 | 2 | 3 | 4 | |
| Total liabilities | 3 | 4 | 6 | 6 | 8 | |
| Commitments and contingencies (see Note 9) | — | — | — | — | — | |
| Preferred stock, $0.001 par value, authorized 2,500 shares: none issued and outstanding at December 31, 2025 and 2024 | 0 | 0 | 0 | 0 | 0 | |
| Common stock, $0.001 par value, authorized 47,500 shares; 32,354 shares issued and outstanding at December 31, 2025 and 30,540 shares issued and outstanding at December 31, 2024 | 32,000 | 31,000 | 26,000 | 24,000 | 23,000 | |
| Additional paid-in capital | 260 | 247 | 221 | 204 | 194 | |
| Other comprehensive income | 0 | 1,000 | 0 | — | — | |
| Accumulated deficit | −242 | −222 | −203 | −183 | −166 | |
| Total stockholders equity | 18 | 25 | 18 | 20 | 28 | |
| Total liabilities and stockholders equity | 21 | 29 | 24 | 27 | 36 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 48,000 | 54,000 | 77,000 | 77,000 | 67,000 | |
| Operating lease right of use asset amortization | 252,000 | 237,000 | 216,000 | 200,000 | 186,000 | |
| Financing lease right of use asset amortization | 937,000 | 1 | 1 | 1 | 532,000 | |
| Stock-based compensation | 5 | 4 | 4 | 3 | 3 | |
| Accretion of discounts on available-for-sales securities | −6,000 | −161,000 | −254,000 | 0 | — | |
| Accounts receivable | 6,000 | −6,000 | 0 | — | 0 | |
| Unbilled contracts receivable | 0 | 550,000 | −550,000 | — | — | |
| Interest receivable | 20,000 | 16,000 | −31,000 | 0 | — | |
| Prepaid expenses and other current assets | −7,000 | 4,000 | 174,000 | −108,000 | −177,000 | |
| Accounts payable | 115,000 | −126,000 | 221,000 | 59,000 | −104,000 | |
| Accrued expenses | −71,000 | 17,000 | 49,000 | −30,000 | −10,000 | |
| Accrued payroll expenses | −678,000 | −54,000 | 415,000 | 366,000 | −104,000 | |
| Operating lease liability | −279,000 | −277,000 | −240,000 | −218,000 | −90,000 | |
| Deferred revenue | 3,000 | 4,000 | 0 | — | 0 | |
| Net cash used in operating activities | −15 | −13 | −15 | −12 | −12 | |
| Acquisition of property and equipment | −49,000 | −14,000 | −31,000 | −39,000 | −109,000 | |
| Purchase of available-for-sale securities | 0 | −5 | −20 | — | — | |
| Maturity of available-for-sale securities | 1 | 11 | 13 | — | — | |
| Net cash provided by investing activities | 951,000 | 6 | −7 | −39,000 | −109,000 | |
| Proceeds from at-the-market sale of stock, net of commissions and expenses | 8 | 21 | 14 | — | 0 | |
| Proceeds from exercise of stock options | 905,000 | 197,000 | 128,000 | 244,000 | 4 | |
| Proceeds from stock sales | 0 | 10,000 | 0 | 6 | 243,000 | |
| Payments of principal for financing lease | −1 | −1 | — | — | — | |
| Net cash provided by financing activities | 7 | 20 | 13 | 5 | 3 | |
| Net increase (decrease) in cash and cash equivalents | −7 | 13 | −9 | −8 | −9 | |
| Cash paid for interest | 60,000 | 129,000 | 194,000 | 255,000 | 128,000 | |
| Cash paid for taxes | 0 | 0 | 0 | 0 | 66,000 |
Filings
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