The following is a summary of the Atomera Incorporated (ATOM) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Atomera Incorporated reported a GAAP net loss of $4.6 million, or $0.17 per share, for Q3 2024, improving from a net loss of $5 million in Q3 2023.

• Revenues for Q3 2024 were $22,000, derived from MST CAD license revenue.

Business Progress:

• Atomera is focused on transitioning to production with various companies and looking forward to sealing agreements, potentially transformative for the company, in the near future.

• The company's collaborations, especially with ST for power semiconductor innovations and the possibility of entering into production, are significant milestones.

• Atomera has engaged with the Centre for Integrated Nanotechnologies at Sandia National Labs to advance its GaN technology, aiming to verify the electrical benefits of better-quality GaN on silicon substrates.

Opportunities:

• The shift from 12-volt to 48-volt power supplies in servers and data centers represents a significant market opportunity for Atomera's MST SPX technology to deliver enhanced performance and efficiency.

• The expanding requirements in AI infrastructure and growth in semiconductor segments like gate-all-around and advanced nodes highlight opportunities for Atomera's technologies.

Risks:

• The company's dependency on the progress of JDA negotiations, where a slow decision-making process can impact the speed at which new technologies are adopted and commercialized.

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