Atomera Inc Segments Disclosure
| 11. | SEGMENT REPORTING |
The Company operates as a operating segment. The Company's chief operating decision maker (“CODM”) is its chief executive officer and chief financial officer who review financial information. The CODM uses total operating expense, operating margin and related impact on cash consumption to assess financial performance and allocate resources. These financial metrics are used by the CODM to make key operating decisions, such as the determination of the overall headcount, allocation of headcount, research and development expenditures, licensing and royalty rates offered to customers and capital expenditure commitments. The measure of assets are reported on the accompanying balance sheets as total assets.
The following table presents selected financial information with respect to the Company’s single operating segment for the years ended December 31, 2025 and 2024 (in thousands):
| Year Ended December 31, | ||||||||
| 2025 | 2024 | |||||||
| Revenue: | $ | 65 | $ | 135 | ||||
| Less expenses(1): | ||||||||
| Employee related expenses | 5,825 | 6,407 | ||||||
| Stock-based compensation | 4,963 | 3,867 | ||||||
| Travel and entertainment | 313 | 368 | ||||||
| Tool related expenses | 2,388 | 2,438 | ||||||
| Consulting expenses | 591 | 725 | ||||||
| Metrology and other outsourced research expenses | 1,989 | 1,099 | ||||||
| Intellectual property related expenses | 1,319 | 1,312 | ||||||
| Other operating items(2) | 3,800 | 3,255 | ||||||
| Operating margin | (21,123 | ) | (19,336 | ) | ||||
| Other income (expense), net | 949 | 901 | ||||||
| Net loss | $ | (20,174 | ) | $ | (18,435 | ) | ||
| (1) | Expenses classified as cost of revenue are included in the line items presented and not as a separate category. |
| (2) | Other operating expenses include items not listed above separately. These include travel and entertainment, professional development, information technology costs, office related costs, depreciation, other research and development costs, other sales and marketing costs and other general and administrative costs. |
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 24, 2026 | Showing above |
| 2024 | Mar 4, 2025 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.