Atomera Inc ATOM
of developing, commercializing and licensing proprietary processes and technologies for the $700+ billion semiconductor industry. Our
lead technology, named Mears Silicon Technology™, or MST®, is a thin film of reengineered silicon. MST is our proprietary
and patent-protected performance enhancement technology that we believe addresses a number of key engineering challenges facing the semiconductor
industry. MST provides multiple benefits to the semiconductor manufacturing process, enabling transistors to be made smaller, with increased
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $65.0K | $135.0K | $550.0K | $382.0K | $400.0K | $62.0K | $533.0K | $246.0K | $110.0K | $0 |
| Cost of revenue | $321.0K | $123.0K | $28.0K | $81.0K | $0 | $13.0K | $253.0K | $148.0K | $39.0K | $0 |
| Gross profit | -$256.0K | $12.0K | $522.0K | $301.0K | $400.0K | $49.0K | $280.0K | $98.0K | $71.0K | $0 |
| R&D | $12.3M | $11.0M | $12.5M | $10.0M | $8.8M | $8.4M | $7.7M | $7.3M | $5.8M | $4.0M |
| SG&A | $7.8M | $7.3M | $7.1M | $6.4M | $6.2M | $5.6M | $5.2M | $5.0M | $5.8M | $5.1M |
| Total operating expenses | $20.9M | $19.3M | $21.2M | $17.8M | $15.9M | $15.0M | $13.9M | $13.2M | $13.3M | $10.0M |
| Operating income | -$21.1M | -$19.3M | -$20.7M | -$17.5M | -$15.5M | -$14.9M | -$13.6M | -$13.1M | -$13.2M | -$10.0M |
| Interest expense | $60.0K | $129.0K | $194.0K | $255.0K | $128.0K | $0 | $325.0K | $236.0K | $148.0K | $2.6M |
| Pre-tax income | — | — | — | -$17.4M | -$15.6M | -$14.9M | — | — | -$13.1M | -$12.6M |
| Income tax | — | — | — | $0 | $66.0K | $0 | — | — | — | — |
| Net income | -$20.2M | -$18.4M | -$19.8M | -$17.4M | -$15.7M | -$14.9M | -$13.3M | -$12.9M | -$13.1M | -$12.6M |
| EPS, basic | -0.65 | -0.68 | -0.80 | -0.75 | -0.70 | — | — | — | — | — |
| EPS, diluted | -0.65 | -0.68 | -0.80 | -0.75 | -0.70 | -0.79 | -0.84 | -1.02 | -1.11 | -2.22 |
| Shares, diluted (wtd. avg.) | $30.8M | $27.2M | $24.8M | $23.2M | $22.5M | — | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $19.2M | $25.8M | $12.6M | $21.2M | $28.7M | $37.9M | $14.9M | $18.9M | $17.4M | $26.7M |
| Short-term investments | $0 | $995.0K | $6.9M | $0 | — | — | — | — | — | — |
| Receivables | $0 | $6.0K | $0 | — | — | — | $0 | $185.0K | $110.0K | $0 |
| Total current assets | $19.6M | $27.1M | $20.4M | $21.6M | $29.0M | $38.1M | $15.0M | $19.3M | $17.7M | $26.8M |
| Property, plant and equipment | $60.0K | $59.0K | $100.0K | $158.0K | $196.0K | $153.0K | $63.0K | $56.0K | $67.0K | $28.0K |
| Total assets | $21.1M | $29.1M | $24.0M | $26.7M | $36.1M | $39.4M | $15.2M | $19.4M | $17.8M | $26.9M |
| Accounts payable | $608.0K | $492.0K | $618.0K | $397.0K | $338.0K | $442.0K | $315.0K | $348.0K | $198.0K | $353.0K |
| Total current liabilities | $2.0M | $3.6M | $3.8M | $2.9M | $2.8M | $1.4M | $1.5M | $1.6M | $949.0K | $1.0M |
| Total liabilities | $2.7M | $4.0M | $5.9M | $6.4M | $7.7M | $2.0M | $1.5M | $1.6M | — | — |
| Retained earnings | -$241.7M | -$221.5M | -$203.1M | -$183.3M | -$165.9M | -$150.1M | -$135.3M | -$122.0M | -$109.1M | -$96.0M |
| Total equity | $18.4M | $25.1M | $18.2M | $20.3M | $28.4M | $37.3M | $13.8M | $17.7M | $16.9M | $25.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$14.9M | -$13.2M | -$14.6M | -$12.5M | -$12.4M | -$12.1M | -$10.4M | -$9.8M | -$9.3M | -$6.8M |
| Depreciation and amortisation | $48.0K | $54.0K | $77.0K | $77.0K | $67.0K | $41.0K | $44.0K | $33.0K | $19.0K | $15.0K |
| Stock-based compensation | $5.0M | $3.9M | $4.0M | $3.4M | $3.0M | $3.0M | $2.9M | $2.4M | $4.0M | $2.5M |
| Capital expenditure | $49.0K | $14.0K | $31.0K | $39.0K | $109.0K | $131.0K | $51.0K | $23.0K | $60.0K | $28.0K |
| Investing cash flow | $951.0K | $6.1M | -$6.8M | -$39.0K | -$109.0K | -$131.0K | -$51.0K | -$23.0K | -$60.0K | -$13.0K |
| Financing cash flow | $7.4M | $20.3M | $12.7M | $5.0M | $3.3M | $35.3M | $6.4M | $11.4M | $0 | $30.3M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001683168-26-001291.
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