Atomera Q1 2024 net loss $4.8M, cash $19.3M; record customer proposals

Atomera Inc

2024-Q1 EPS reported -$0.19 revenue$18,000

Net loss of $4.8M ($0.19 per share) in Q1 2024, improved from $5.0M ($0.21) in Q1 2023.
Adjusted EBITDA loss improved to $4.0M from $4.2M; cash and equivalents $19.3M as of March 31, 2024.
Record number of commercial proposals in Q1; first customer advancing toward production.
Promising early GaN results in new compound semiconductor product category, expanding market focus.
Revenue was $18k in Q1, down from $550k in Q4 2023 but up from $0 in Q1 2023; no product revenue.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Atomera Inc reported the first quarter ended March 31, 2024 results: net income ($4.8) million, EPS ($0.19) per basic and diluted share.

Period: the first quarter ended March 31, 2024
Net income: ($4.8) million
EPS: ($0.19) per basic and diluted share
Result: reported results

Exact text from the filing

The Company incurred a net loss of ($4.8) million, or ($0.19) per basic and diluted share in the first quarter of 2024

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Source: SEC EDGAR

accession 0001683168-24-002701

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