The following is a summary of the Atomera Incorporated (ATOM) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Atomera reported a GAAP net loss for Q1 2024 of $4.8 million or $0.19 per share, a slight improvement from a net loss of $5 million in Q1 2023.

• Q1 2024 revenues were $18,000, compared to $0 in Q1 2023 and a significant decrease from $550,000 in Q4 2023.

• The company maintained a balance of cash, cash equivalents, and short-term investments of $19.3 million at the end of Q1 2024.

Business Progress:

• Development of Atomera's MST technology with STMicroelectronics is on track for production release.

• The company has increased submissions for licenses and JDAs, increasing potential for new contracts and partnerships.

• Atomera's partnership with the JDA2 customer shows promising early data that could lead to a licensing agreement and production.

• The company is expanding its portfolio with new variations of silicon lattice films and is securing patents around structures in advanced nodes and memory area.

• Atomera is actively involved with manufacturers in the RF SOI market and has made their MST CAD tools available for customers.

• The company is exploring the GaN and compound semiconductor markets for new potential revenue streams.

More details: Atomera IR

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