The following is a summary of the Atomera Incorporated (ATOM) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Atomera reported Q2 2024 revenue of $72,000, nearly fourfold the Q1 2024 revenue of $18,000 but still very modest.

• GAAP net loss decreased to $4.4 million in Q2 2024 from $4.8 million in Q1 2024.

• Significant reduction in operating expenses due to $603,000 decline in R&D expenses and $186,000 reduction in sales and marketing expenses.

Business Progress:

• Continued progression in strategic partnerships, notably with STMicroelectronics towards a production release for next-generation smart power products.

• Expanding engagements in key market segments such as power chip technology, SOI market, memory technology, and advanced node markets.

• Introduction of new technology, MST-SPX, targeting high-voltage transistors, showing superior performance prospects.

Opportunities:

• The significant growth potential in the power chip segment valued at approximately $33 billion, with Atomera engaged with several major potential customers.

• Engagement in the growing SOI market, worth $1.4 billion and expanding due to 5G adoption, with new MST substrate enhancements.

Risks:

• Record of relatively slow progress in converting technological developments and client interest into formal revenue-generating agreements.

• Dependence on key customer schedules and developments, such as STMicroelectronics, for significant revenue milestones which Atomera has limited control over.

More details: Atomera IR

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