Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Atomera Provides Third Quarter 2023 Results By: ACCESSWIRE November 01, 2023 at 16:01 PM EDT LOS GATOS, CA / ACCESSWIRE / November 1, 2023 / Atomera Incorporated (NASDAQ:ATOM), a semiconductor materials and technology licensing company, today provided a corporate update and announced financial results for the third quarter ended Sept. 30, 2023. Recent Company Highlights MST's benefits for DRAMs highlighted in new whitepaper on Atomera's website Positive results with customers across all market segments Atomera announced as partner in the Southwest Advanced Prototyping Hub which was awarded $39.8 million from the CHIPS and Science Act Management Commentary "The benefits of MST, including to DRAM and advanced nodes, are becoming increasingly clear to the industry as evidenced by our good progress with customers and increased participation in a number of development ecosystem organizations this past quarter," said Scott Bibaud, President and CEO. "Building on the recently announced catalyst of our traditional MST business, we believe these new markets provide an opportunity for robust TAM expansion for Atomera." Financial Results The Company incurred a net loss of ($5.0) million, or ($0.20) per basic and diluted share in the third quarter of 2023, compared to a net loss of ($4.6) million, or ($0.20) per basic and diluted share, for the third quarter of 2022. Adjusted EBITDA (a non-GAAP financial measure) in the second quarter of 2023 was a loss of ($4.2) million compared to an adjusted EBITDA loss of ($3.7) million in the third quarter of 2022. The Company had $20.4 million in cash, cash equivalents and short-term investments as of Sept. 30, 2023, compared to $21.2 million as of December 31, 2022. The total number of shares outstanding was 25.8 million as of Sept 30, 2023. Third Quarter 2023 Results Webinar Atomera will host a live video webinar today to discuss its financial results and recent progress. Date: Wednesday, Nov. 1, 2022 Time: 2:00 p.m. PT (5:00 p.m. ET) Webcast: Accessible at https://ir.atomera.com Note about Non-GAAP Financial Measures In addition to the unaudited results presented in accordance with generally accepted accounting principles, or GAAP, in this press release, Atomera presents adjusted EBITDA, which is a non-GAAP financial measure. Adjusted EBITDA is determined by taking net loss and eliminating the impacts of interest, depreciation, amortization and stock-based compensation. Our definition of adjusted EBITDA may not be comparable to the definitions of similarly-titled measures used by other companies. We believe that this non-GAAP financial measure, viewed in addition to and not in lieu of our reported GAAP results, provides useful information to investors by providing a more focused measure of operating results. This metric is used as part of the Company's internal reporting to evaluate its operations and the performance of senior management. A table reconciling this measure to the comparable GAAP measure is available in the accompanying financial tables below. About Atomera Incorporated Atomera Incorporated is a semiconductor materials and technology licensing company focused on deploying its proprietary, silicon-proven technology into the semiconductor industry. Atomera has developed Mears Silicon Technology™ (MST®), which increases performance and power efficiency in semiconductor transistors. MST can be implemented using equipment already deployed in semiconductor manufacturing facilities and is complementary to other nano-scaling technologies already in the semiconductor industry roadmap. More information can be found at www.atomera.com Safe Harbor This press release contains forward-looking statements concerning Atomera Incorporated, including statements regarding the prospects for the semiconductor industry generally and the ability of our MST technology to significantly improve semiconductor performance. Those forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results to differ materially. Among those factors are: (1) the fact that, to date, we have only recognized minimal engineering services and licensing revenues and we have not yet commenced principal revenue producing operations, thus subjecting us to all of the risks inherent in an early-stage enterprise; (2) the risk that STMicroelectronics does not proceed with MST in its manufacturing process or does not take MST-enabled products to market, (3) risks related to our ability to successfully complete the milestones in our joint development agreements or, even if successfully completed, to reach a commercial distribution license with our JDA customers; (4) risks related to our ability to advance licensing arrangements with our integration licensees to royalty-based manufacturing and distribution licenses or our ability to add other licensees; (5) risks related to our ability to raise sufficient capital, as and when needed, to pursue the further development, licensing and commercialization of our MST technology; (6) our ability to protect our proprietary technology, trade secrets and knowhow and (7) those other risks disclosed in the section "Risk Factors" included in our Annual Report on Form 10-K filed with the SEC on February 15, 2023 and in our Quarterly Report on Form 10-Q filed today with the SEC. We caution readers not to place undue reliance on any forward-looking statements. We do not undertake, and specifically disclaim any obligation, to update or revise such statements to reflect new circumstances or unanticipated events as they occur. -- Financial Tables Follow -- Atomera IncorporatedCondensed Balance Sheets(in thousands, except per share data) September 30, June 30, December 31, 2023 2023 2022 (Unaudited) (Unaudited) ASSETS Current assets: Cash and cash equivalents $ 12,642 $ 12,904 $ 21,184 Short-term investments 7,747 10,931 - Interest receivable 56 50 - Prepaid expenses and other current assets 392 650 418 Total current assets 20,837 24,535 21,602 Property and equipment, net 129 135 158 Long-term prepaid maintenance and supplies 91 91 91 Security deposit 14 14 14 Operating lease right-of-use asset 574 631 700 Financing lease right-of-use-asset 3,184 3,583 4,164 Total assets $ 24,829 $ 28,989 $ 26,729 LIABILITIES AND STOCKHOLDERS??? EQUITY Current liabilities: Accounts payable $ 462 $ 562 $ 397 Accrued expenses 230 218 173 Accrued payroll related expenses 698 578 967 Current operating lease liability 262 259 245 Current financing lease liability 1,299 1,357 1,126 Total current liabilities 2,951 2,974 2,908 Long-term operating lease liability 348 400 521 Long-term financing lease liability 2,066 2,376 2,986 Total liabilities 5,365 5,750 6,415 Commitments and contingencies - - - Stockholders' equity: Preferred stock $0.001 par value, authorized 2,500 shares; none issued and outstanding as of September 30, 2023, June 30, 2023 and December 31, 2022 - - - Common stock: $0.001 par value, authorized 47,500 shares; 25,804 shares issued and 25,784 outstanding as of September 30, 2023; 25,770 shares issued and outstanding as of June 30, 2023; 23,973 shares issued and outstanding as of December 31, 2022 26 26 24 Additional paid-in capital 217,946 216,681 203,585 Other comprehensive income(loss) (3 ) (2 ) - Accumulated deficit (198,505 ) (193,466 ) (183,295 ) Total stockholders' equity 19,464 23,239 20,314 Total liabilities and stockholders' equity $ 24,829 $ 28,989 $ 26,729 Atomera IncorporatedCondensed Statements of Operations(Unaudited)(in thousands, except per share data) Three Months Ended Nine Months Ended September 30, June 30, September 30, September 30, 2023 2023 2022 2023 2022 Revenue $ - $ - $ 2 $ - $ 377 Cost of revenue - - - - (81 ) Gross margin - - 2 - 296 Operating expenses Research and development 3,305 3,192 2,743 9,533 7,515 General and administrative 1,683 1,775 1,567 5,200 4,882 Selling and marketing 365 393 347 1,147 1,019 Total operating expenses 5,353 5,360 4,657 15,880 13,416 Loss from operations (5,353 ) (5,360 ) (4,655 ) (15,880 ) (13,120 ) Other income (expense) Interest income 177 152 113 528 151 Accretion income 112 107 - 221 - Interest expense (47 ) (51 ) (60 ) (151 ) (200 ) Other income (expense), net 72 - 72 - Total other income (expense), net 314 208 53 670 (49 ) Net loss $ (5,039 ) $ (5,152 ) $ (4,602 ) $ (15,210 ) $ (13,169 ) Net loss per common share, basic and diluted $ (0.20 ) $ (0.21 ) $ (0.20 ) $ (0.62 ) $ (0.57 ) Weighted average number of common shares outstanding, basic and diluted 25,255 24,677 23,294 24,536 23,029 Atomera IncorporatedReconciliation to Non-GAAP EBITDA(Unaudited) Three Months Ended Nine Months Ended September30, June 30, September30, September 30, 2023 2023 2022 2023 2022 Net loss (GAAP) $ (5,039 ) $ (5,152 ) $ (4,602 ) $ (15,210 ) $ (13,169 ) Depreciation and amortization 20 20 19 60 58 Stock-based compensation 1,041 1,030 889 2,998 2,474 Interest income (177 ) (152 ) (113 ) (528 ) (151 ) Accretion income (112 ) (107 ) - (221 ) - Interest expense 47 51 60 151 200 Other (income) expense, net (72 ) - - (72 ) - Net loss non-GAAP EBITDA $ (4,292 ) $ (4,310 ) $ (3,747 ) $ (12,822 ) $ (10,588 ) Investor Contact:Bishop IRMike Bishop(415) 894-9633investor@atomera.com SOURCE: Atomera, Inc View source version on accesswire.com: https://www.accesswire.com/798285/atomera-provides-third-quarter-2023-results Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. 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Atomera Provides Third Quarter 2023 Results By: ACCESSWIRE November 01, 2023 at 16:01 PM EDT LOS GATOS, CA / ACCESSWIRE / November 1, 2023 / Atomera Incorporated (NASDAQ:ATOM), a semiconductor materials and technology licensing company, today provided a corporate update and announced financial results for the third quarter ended Sept. 30, 2023. Recent Company Highlights MST's benefits for DRAMs highlighted in new whitepaper on Atomera's website Positive results with customers across all market segments Atomera announced as partner in the Southwest Advanced Prototyping Hub which was awarded $39.8 million from the CHIPS and Science Act Management Commentary "The benefits of MST, including to DRAM and advanced nodes, are becoming increasingly clear to the industry as evidenced by our good progress with customers and increased participation in a number of development ecosystem organizations this past quarter," said Scott Bibaud, President and CEO. "Building on the recently announced catalyst of our traditional MST business, we believe these new markets provide an opportunity for robust TAM expansion for Atomera." Financial Results The Company incurred a net loss of ($5.0) million, or ($0.20) per basic and diluted share in the third quarter of 2023, compared to a net loss of ($4.6) million, or ($0.20) per basic and diluted share, for the third quarter of 2022. Adjusted EBITDA (a non-GAAP financial measure) in the second quarter of 2023 was a loss of ($4.2) million compared to an adjusted EBITDA loss of ($3.7) million in the third quarter of 2022. The Company had $20.4 million in cash, cash equivalents and short-term investments as of Sept. 30, 2023, compared to $21.2 million as of December 31, 2022. The total number of shares outstanding was 25.8 million as of Sept 30, 2023. Third Quarter 2023 Results Webinar Atomera will host a live video webinar today to discuss its financial results and recent progress. Date: Wednesday, Nov. 1, 2022 Time: 2:00 p.m. PT (5:00 p.m. ET) Webcast: Accessible at https://ir.atomera.com Note about Non-GAAP Financial Measures In addition to the unaudited results presented in accordance with generally accepted accounting principles, or GAAP, in this press release, Atomera presents adjusted EBITDA, which is a non-GAAP financial measure. Adjusted EBITDA is determined by taking net loss and eliminating the impacts of interest, depreciation, amortization and stock-based compensation. Our definition of adjusted EBITDA may not be comparable to the definitions of similarly-titled measures used by other companies. We believe that this non-GAAP financial measure, viewed in addition to and not in lieu of our reported GAAP results, provides useful information to investors by providing a more focused measure of operating results. This metric is used as part of the Company's internal reporting to evaluate its operations and the performance of senior management. A table reconciling this measure to the comparable GAAP measure is available in the accompanying financial tables below. About Atomera Incorporated Atomera Incorporated is a semiconductor materials and technology licensing company focused on deploying its proprietary, silicon-proven technology into the semiconductor industry. Atomera has developed Mears Silicon Technology™ (MST®), which increases performance and power efficiency in semiconductor transistors. MST can be implemented using equipment already deployed in semiconductor manufacturing facilities and is complementary to other nano-scaling technologies already in the semiconductor industry roadmap. More information can be found at www.atomera.com Safe Harbor This press release contains forward-looking statements concerning Atomera Incorporated, including statements regarding the prospects for the semiconductor industry generally and the ability of our MST technology to significantly improve semiconductor performance. Those forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results to differ materially. Among those factors are: (1) the fact that, to date, we have only recognized minimal engineering services and licensing revenues and we have not yet commenced principal revenue producing operations, thus subjecting us to all of the risks inherent in an early-stage enterprise; (2) the risk that STMicroelectronics does not proceed with MST in its manufacturing process or does not take MST-enabled products to market, (3) risks related to our ability to successfully complete the milestones in our joint development agreements or, even if successfully completed, to reach a commercial distribution license with our JDA customers; (4) risks related to our ability to advance licensing arrangements with our integration licensees to royalty-based manufacturing and distribution licenses or our ability to add other licensees; (5) risks related to our ability to raise sufficient capital, as and when needed, to pursue the further development, licensing and commercialization of our MST technology; (6) our ability to protect our proprietary technology, trade secrets and knowhow and (7) those other risks disclosed in the section "Risk Factors" included in our Annual Report on Form 10-K filed with the SEC on February 15, 2023 and in our Quarterly Report on Form 10-Q filed today with the SEC. We caution readers not to place undue reliance on any forward-looking statements. We do not undertake, and specifically disclaim any obligation, to update or revise such statements to reflect new circumstances or unanticipated events as they occur. -- Financial Tables Follow -- Atomera IncorporatedCondensed Balance Sheets(in thousands, except per share data) September 30, June 30, December 31, 2023 2023 2022 (Unaudited) (Unaudited) ASSETS Current assets: Cash and cash equivalents $ 12,642 $ 12,904 $ 21,184 Short-term investments 7,747 10,931 - Interest receivable 56 50 - Prepaid expenses and other current assets 392 650 418 Total current assets 20,837 24,535 21,602 Property and equipment, net 129 135 158 Long-term prepaid maintenance and supplies 91 91 91 Security deposit 14 14 14 Operating lease right-of-use asset 574 631 700 Financing lease right-of-use-asset 3,184 3,583 4,164 Total assets $ 24,829 $ 28,989 $ 26,729 LIABILITIES AND STOCKHOLDERS??? EQUITY Current liabilities: Accounts payable $ 462 $ 562 $ 397 Accrued expenses 230 218 173 Accrued payroll related expenses 698 578 967 Current operating lease liability 262 259 245 Current financing lease liability 1,299 1,357 1,126 Total current liabilities 2,951 2,974 2,908 Long-term operating lease liability 348 400 521 Long-term financing lease liability 2,066 2,376 2,986 Total liabilities 5,365 5,750 6,415 Commitments and contingencies - - - Stockholders' equity: Preferred stock $0.001 par value, authorized 2,500 shares; none issued and outstanding as of September 30, 2023, June 30, 2023 and December 31, 2022 - - - Common stock: $0.001 par value, authorized 47,500 shares; 25,804 shares issued and 25,784 outstanding as of September 30, 2023; 25,770 shares issued and outstanding as of June 30, 2023; 23,973 shares issued and outstanding as of December 31, 2022 26 26 24 Additional paid-in capital 217,946 216,681 203,585 Other comprehensive income(loss) (3 ) (2 ) - Accumulated deficit (198,505 ) (193,466 ) (183,295 ) Total stockholders' equity 19,464 23,239 20,314 Total liabilities and stockholders' equity $ 24,829 $ 28,989 $ 26,729 Atomera IncorporatedCondensed Statements of Operations(Unaudited)(in thousands, except per share data) Three Months Ended Nine Months Ended September 30, June 30, September 30, September 30, 2023 2023 2022 2023 2022 Revenue $ - $ - $ 2 $ - $ 377 Cost of revenue - - - - (81 ) Gross margin - - 2 - 296 Operating expenses Research and development 3,305 3,192 2,743 9,533 7,515 General and administrative 1,683 1,775 1,567 5,200 4,882 Selling and marketing 365 393 347 1,147 1,019 Total operating expenses 5,353 5,360 4,657 15,880 13,416 Loss from operations (5,353 ) (5,360 ) (4,655 ) (15,880 ) (13,120 ) Other income (expense) Interest income 177 152 113 528 151 Accretion income 112 107 - 221 - Interest expense (47 ) (51 ) (60 ) (151 ) (200 ) Other income (expense), net 72 - 72 - Total other income (expense), net 314 208 53 670 (49 ) Net loss $ (5,039 ) $ (5,152 ) $ (4,602 ) $ (15,210 ) $ (13,169 ) Net loss per common share, basic and diluted $ (0.20 ) $ (0.21 ) $ (0.20 ) $ (0.62 ) $ (0.57 ) Weighted average number of common shares outstanding, basic and diluted 25,255 24,677 23,294 24,536 23,029 Atomera IncorporatedReconciliation to Non-GAAP EBITDA(Unaudited) Three Months Ended Nine Months Ended September30, June 30, September30, September 30, 2023 2023 2022 2023 2022 Net loss (GAAP) $ (5,039 ) $ (5,152 ) $ (4,602 ) $ (15,210 ) $ (13,169 ) Depreciation and amortization 20 20 19 60 58 Stock-based compensation 1,041 1,030 889 2,998 2,474 Interest income (177 ) (152 ) (113 ) (528 ) (151 ) Accretion income (112 ) (107 ) - (221 ) - Interest expense 47 51 60 151 200 Other (income) expense, net (72 ) - - (72 ) - Net loss non-GAAP EBITDA $ (4,292 ) $ (4,310 ) $ (3,747 ) $ (12,822 ) $ (10,588 ) Investor Contact:Bishop IRMike Bishop(415) 894-9633investor@atomera.com SOURCE: Atomera, Inc View source version on accesswire.com: https://www.accesswire.com/798285/atomera-provides-third-quarter-2023-results
LOS GATOS, CA / ACCESSWIRE / November 1, 2023 / Atomera Incorporated (NASDAQ:ATOM), a semiconductor materials and technology licensing company, today provided a corporate update and announced financial results for the third quarter ended Sept. 30, 2023. Recent Company Highlights MST's benefits for DRAMs highlighted in new whitepaper on Atomera's website Positive results with customers across all market segments Atomera announced as partner in the Southwest Advanced Prototyping Hub which was awarded $39.8 million from the CHIPS and Science Act Management Commentary "The benefits of MST, including to DRAM and advanced nodes, are becoming increasingly clear to the industry as evidenced by our good progress with customers and increased participation in a number of development ecosystem organizations this past quarter," said Scott Bibaud, President and CEO. "Building on the recently announced catalyst of our traditional MST business, we believe these new markets provide an opportunity for robust TAM expansion for Atomera." Financial Results The Company incurred a net loss of ($5.0) million, or ($0.20) per basic and diluted share in the third quarter of 2023, compared to a net loss of ($4.6) million, or ($0.20) per basic and diluted share, for the third quarter of 2022. Adjusted EBITDA (a non-GAAP financial measure) in the second quarter of 2023 was a loss of ($4.2) million compared to an adjusted EBITDA loss of ($3.7) million in the third quarter of 2022. The Company had $20.4 million in cash, cash equivalents and short-term investments as of Sept. 30, 2023, compared to $21.2 million as of December 31, 2022. The total number of shares outstanding was 25.8 million as of Sept 30, 2023. Third Quarter 2023 Results Webinar Atomera will host a live video webinar today to discuss its financial results and recent progress. Date: Wednesday, Nov. 1, 2022 Time: 2:00 p.m. PT (5:00 p.m. ET) Webcast: Accessible at https://ir.atomera.com Note about Non-GAAP Financial Measures In addition to the unaudited results presented in accordance with generally accepted accounting principles, or GAAP, in this press release, Atomera presents adjusted EBITDA, which is a non-GAAP financial measure. Adjusted EBITDA is determined by taking net loss and eliminating the impacts of interest, depreciation, amortization and stock-based compensation. Our definition of adjusted EBITDA may not be comparable to the definitions of similarly-titled measures used by other companies. We believe that this non-GAAP financial measure, viewed in addition to and not in lieu of our reported GAAP results, provides useful information to investors by providing a more focused measure of operating results. This metric is used as part of the Company's internal reporting to evaluate its operations and the performance of senior management. A table reconciling this measure to the comparable GAAP measure is available in the accompanying financial tables below. About Atomera Incorporated Atomera Incorporated is a semiconductor materials and technology licensing company focused on deploying its proprietary, silicon-proven technology into the semiconductor industry. Atomera has developed Mears Silicon Technology™ (MST®), which increases performance and power efficiency in semiconductor transistors. MST can be implemented using equipment already deployed in semiconductor manufacturing facilities and is complementary to other nano-scaling technologies already in the semiconductor industry roadmap. More information can be found at www.atomera.com Safe Harbor This press release contains forward-looking statements concerning Atomera Incorporated, including statements regarding the prospects for the semiconductor industry generally and the ability of our MST technology to significantly improve semiconductor performance. Those forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results to differ materially. Among those factors are: (1) the fact that, to date, we have only recognized minimal engineering services and licensing revenues and we have not yet commenced principal revenue producing operations, thus subjecting us to all of the risks inherent in an early-stage enterprise; (2) the risk that STMicroelectronics does not proceed with MST in its manufacturing process or does not take MST-enabled products to market, (3) risks related to our ability to successfully complete the milestones in our joint development agreements or, even if successfully completed, to reach a commercial distribution license with our JDA customers; (4) risks related to our ability to advance licensing arrangements with our integration licensees to royalty-based manufacturing and distribution licenses or our ability to add other licensees; (5) risks related to our ability to raise sufficient capital, as and when needed, to pursue the further development, licensing and commercialization of our MST technology; (6) our ability to protect our proprietary technology, trade secrets and knowhow and (7) those other risks disclosed in the section "Risk Factors" included in our Annual Report on Form 10-K filed with the SEC on February 15, 2023 and in our Quarterly Report on Form 10-Q filed today with the SEC. We caution readers not to place undue reliance on any forward-looking statements. We do not undertake, and specifically disclaim any obligation, to update or revise such statements to reflect new circumstances or unanticipated events as they occur. -- Financial Tables Follow -- Atomera IncorporatedCondensed Balance Sheets(in thousands, except per share data) September 30, June 30, December 31, 2023 2023 2022 (Unaudited) (Unaudited) ASSETS Current assets: Cash and cash equivalents $ 12,642 $ 12,904 $ 21,184 Short-term investments 7,747 10,931 - Interest receivable 56 50 - Prepaid expenses and other current assets 392 650 418 Total current assets 20,837 24,535 21,602 Property and equipment, net 129 135 158 Long-term prepaid maintenance and supplies 91 91 91 Security deposit 14 14 14 Operating lease right-of-use asset 574 631 700 Financing lease right-of-use-asset 3,184 3,583 4,164 Total assets $ 24,829 $ 28,989 $ 26,729 LIABILITIES AND STOCKHOLDERS??? EQUITY Current liabilities: Accounts payable $ 462 $ 562 $ 397 Accrued expenses 230 218 173 Accrued payroll related expenses 698 578 967 Current operating lease liability 262 259 245 Current financing lease liability 1,299 1,357 1,126 Total current liabilities 2,951 2,974 2,908 Long-term operating lease liability 348 400 521 Long-term financing lease liability 2,066 2,376 2,986 Total liabilities 5,365 5,750 6,415 Commitments and contingencies - - - Stockholders' equity: Preferred stock $0.001 par value, authorized 2,500 shares; none issued and outstanding as of September 30, 2023, June 30, 2023 and December 31, 2022 - - - Common stock: $0.001 par value, authorized 47,500 shares; 25,804 shares issued and 25,784 outstanding as of September 30, 2023; 25,770 shares issued and outstanding as of June 30, 2023; 23,973 shares issued and outstanding as of December 31, 2022 26 26 24 Additional paid-in capital 217,946 216,681 203,585 Other comprehensive income(loss) (3 ) (2 ) - Accumulated deficit (198,505 ) (193,466 ) (183,295 ) Total stockholders' equity 19,464 23,239 20,314 Total liabilities and stockholders' equity $ 24,829 $ 28,989 $ 26,729 Atomera IncorporatedCondensed Statements of Operations(Unaudited)(in thousands, except per share data) Three Months Ended Nine Months Ended September 30, June 30, September 30, September 30, 2023 2023 2022 2023 2022 Revenue $ - $ - $ 2 $ - $ 377 Cost of revenue - - - - (81 ) Gross margin - - 2 - 296 Operating expenses Research and development 3,305 3,192 2,743 9,533 7,515 General and administrative 1,683 1,775 1,567 5,200 4,882 Selling and marketing 365 393 347 1,147 1,019 Total operating expenses 5,353 5,360 4,657 15,880 13,416 Loss from operations (5,353 ) (5,360 ) (4,655 ) (15,880 ) (13,120 ) Other income (expense) Interest income 177 152 113 528 151 Accretion income 112 107 - 221 - Interest expense (47 ) (51 ) (60 ) (151 ) (200 ) Other income (expense), net 72 - 72 - Total other income (expense), net 314 208 53 670 (49 ) Net loss $ (5,039 ) $ (5,152 ) $ (4,602 ) $ (15,210 ) $ (13,169 ) Net loss per common share, basic and diluted $ (0.20 ) $ (0.21 ) $ (0.20 ) $ (0.62 ) $ (0.57 ) Weighted average number of common shares outstanding, basic and diluted 25,255 24,677 23,294 24,536 23,029 Atomera IncorporatedReconciliation to Non-GAAP EBITDA(Unaudited) Three Months Ended Nine Months Ended September30, June 30, September30, September 30, 2023 2023 2022 2023 2022 Net loss (GAAP) $ (5,039 ) $ (5,152 ) $ (4,602 ) $ (15,210 ) $ (13,169 ) Depreciation and amortization 20 20 19 60 58 Stock-based compensation 1,041 1,030 889 2,998 2,474 Interest income (177 ) (152 ) (113 ) (528 ) (151 ) Accretion income (112 ) (107 ) - (221 ) - Interest expense 47 51 60 151 200 Other (income) expense, net (72 ) - - (72 ) - Net loss non-GAAP EBITDA $ (4,292 ) $ (4,310 ) $ (3,747 ) $ (12,822 ) $ (10,588 ) Investor Contact:Bishop IRMike Bishop(415) 894-9633investor@atomera.com SOURCE: Atomera, Inc View source version on accesswire.com: https://www.accesswire.com/798285/atomera-provides-third-quarter-2023-results