Release Date: February 11, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

• Atomera Inc (NASDAQ:ATOM) has made significant progress in advancing its technology across multiple customer categories, positioning itself as a technology pioneer.
• The company is seeing increased engagement and interest from major industry players, particularly in advanced logic and memory segments.
• Atomera Inc (NASDAQ:ATOM) has expanded its patent portfolio significantly, with over 30 new granted and pending patents in 2024.
• The company has strengthened its financial position by raising $21.3 million through share sales, improving its cash reserves.
• Atomera Inc (NASDAQ:ATOM) is optimistic about its potential in the gallium nitride market, which is projected to grow significantly in the coming years.

Negative Points

• Negotiations with a transformative customer have stalled, delaying potential revenue opportunities.
• The company reported a GAAP net loss of $18.4 million for 2024, indicating ongoing financial challenges.
• Revenue for 2024 was only $135,000, reflecting limited income from its current operations.
• There are delays in the process qualification with ST Micro, which could extend the timeline for production and revenue generation.
• Atomera Inc (NASDAQ:ATOM) faces challenges in converting customer interest into concrete deals, with ongoing requests for more data and validation.

Q & A Highlights

• Warning! GuruFocus has detected 3 Warning Signs with ATOM.

Q: Can you elaborate on the transformative opportunity and the sticking points in negotiations with a major customer? A: Scott Bebo, President and CEO, explained that while Atomera is offering significant value, the negotiation involves multiple decision-makers and isn't solely about pricing. The process has experienced delays, but Atomera remains hopeful due to positive feedback on their technology's value.

Q: Is there any technological issue with the transformative customer, or is it more about business decision-making? A: Scott Bebo confirmed that there are no technological issues. The delay is more about internal business decision-making within the customer's organization.

Q: How is Atomera progressing with leading-edge logic and memory customers? A: Scott Bebo noted that Atomera is gaining traction with multiple customers in both areas. The move to gate-all-around technology is a significant opportunity, as it simplifies the integration of Atomera's MST technology, allowing for easier entry and more opportunities.

Q: What is the status of Atomera's work with Gallium Nitride (GaN) technology? A: Scott Bebo stated that GaN is a relatively new area for Atomera, with promising test results. They are awaiting further electrical characterization results, which could lead to faster market engagement and potentially quicker revenue generation compared to traditional business models.

Q: Can you provide an update on the collaboration with STMicroelectronics and the expected timeline for production? A: Scott Bebo explained that while there was an initial six-month delay due to logistics, the collaboration is progressing well. The process qualification phase is expected to take about nine months, but he couldn't provide a specific timeline for when this phase would start.

For the complete transcript of the earnings call, please refer to the full earnings call transcript.