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 Fourth Quarter and Fiscal 2023 Results By: ACCESSWIRE February 13, 2024 at 11:01 AM EST Revenue in the Fourth Quarter Resulting from MST Installation at Licensee LOS GATOS, CA / ACCESSWIRE / February 13, 2024 / Atomera Incorporated (NASDAQ:ATOM), a semiconductor materials and technology licensing company, today provided a corporate update and announced financial results for the fourth quarter and fiscal year ended December 31, 2023. Recent Company Highlights Achieved revenue from commercial licensee for two milestones Second customer completed installation of MST technology Executed an MSTcad license with a large semiconductor manufacturer Management Commentary "There is clear evidence the company is executing on its strategy to commercialize MST. With our technology now installed at two customer fabs, we're focusing on moving additional customers along the engagement pipeline toward the royalty phase," said Scott Bibaud, President and CEO. "The semiconductor industry is currently in an ideal state to adopt new technology and the performance improvements enabled by MST are compelling to fabs and foundries seeking to gain cost-effective advantages in highly competitive markets." Financial Results Revenue for the fourth quarter of 2023 was $550,000. The Company incurred a net loss of ($4.6) million, or ($0.18) per basic and diluted share in the fourth quarter of 2023, compared to a net loss of ($4.3) million, or ($0.18) per basic and diluted share, for the fourth quarter of 2022. Adjusted EBITDA (a non-GAAP financial measure) in the fourth quarter of 2023 was a loss of ($3.8) million compared to an adjusted EBITDA loss of ($3.5) million in the fourth quarter of 2022. For fiscal year 2023, revenue was $550,000, compared with $382,000 in fiscal 2022. Net loss was ($19.8) million, or ($0.80) per basic and diluted share for fiscal 2023, compared to ($17.4) million, or ($0.75) per basic and diluted share in fiscal 2022. Adjusted EBITDA for fiscal 2023 was a loss of ($16.6) million compared to an adjusted EBITDA loss of ($14.1) million in fiscal 2022. The Company had $19.5 million in cash, cash equivalents and short-term investments as of December 31, 2023, compared to $21.2 million as of December 31, 2022. The total number of shares outstanding was 26.1 million as of December 31, 2023. Fourth Quarter and Fiscal Year 2023 Results Webinar Atomera will host a live video webinar today to discuss its financial results and recent progress.Date: Tuesday, Feb. 13, 2024Time: 2:00 p.m. PT (5:00 p.m. ET)Webcast: Accessible at https://ir.atomera.com Note about Non-GAAP Financial MeasuresIn 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 IncorporatedAtomera 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 TechnologyTM (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 HarborThis 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 thus subjecting us to all of the risks inherent in an early-stage enterprise; (2) the risk that licensees or JDA customers do not advance to royalty-based manufacturing and distribution licenses; (3) our ability to add other licensees and/or JDA customers; (4) 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; (5) our ability to protect our proprietary technology, trade secrets and know-how and (6) 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 with the SEC on November 1, 2023. 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 IncorporatedBalance Sheets(in thousands, except per share data) December 31, December 31, 2023 2022 (Unaudited) ASSETS Current assets: Cash and cash equivalents $ 12,591 $ 21,184 Short-term investments 6,940 - Unbilled contracts receivable 550 - Interest receivable 79 - Prepaid expenses and other current assets 244 418 Total current assets 20,404 21,602 Property and equipment, net 100 158 Long-term prepaid maintenance and supplies 91 91 Security deposit 14 14 Operating lease right-of-use asset 517 700 Financing lease right-of-use-asset 2,903 4,164 Total assets $ 24,029 $ 26,729 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 618 $ 397 Accrued expenses 222 173 Accrued payroll related expenses 1,382 967 Current operating lease liability 264 245 Current financing lease liability 1,328 1,126 Total current liabilities 3,814 2,908 Long-term operating lease liability 295 521 Long-term financing lease liability 1,750 2,986 Total liabilities 5,859 6,415 Commitments and contingencies - - Stockholders' equity: Preferred stock $0.001 par value, authorized 2,500 shares; none issued and outstanding at December 31, 2023 and December 31, 2022 - - Common stock: $0.001 par value, authorized 47,500 shares; 26,107 and 23,973 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively; 26 24 Additional paid-in capital 221,229 203,585 Accumulated deficit (203,085 ) (183,295 ) Total stockholders' equity 18,170 20,314 Total liabilities and stockholders' equity $ 24,029 $ 26,729 Atomera IncorporatedStatements of Operations(in thousands, except per share data) Three Months Ended Year Ended December 31, September 30, December 31, December 31, 2023 2023 2022 2023 2022 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Revenue $ 550 $ - $ 5 $ 550 $ 382 Cost of revenue (28) - - (28) (81) Gross margin 522 - 5 522 301 Operating expenses Research and development 2,992 3,305 2,523 12,525 10,038 General and administrative 1,875 1,683 1,559 7,075 6,441 Selling and marketing 452 365 329 1,599 1,348 Total operating expenses 5,319 5,353 4,411 21,199 17,827 Loss from operations (4,797) (5,353) (4,406) (20,677) (17,526) Other income (expense) Interest income 195 177 189 723 340 Accretion income 62 112 - 283 - Other income (expense), net 3 72 - 75 - Interest expense (43) (47) (55) (194) (255) Total other income (expense), net 217 314 134 887 85 Net loss $ (4,580) $ (5,039) $ (4,272) $ (19,790) $ (17,441) Net loss per common share, basic and diluted $ (0.18) $ (0.20) $ (0.18) $ (0.80) $ (0.75) Weighted average number of common shares outstanding, basic and diluted 25,404 25,255 23,538 24,755 23,157 Atomera IncorporatedReconciliation to Non-GAAP EBITDA(Unaudited) Three Months Ended Year Ended December 31, September 30, December 31, December 31, 2023 2023 2022 2023 2022 Net loss (GAAP) $ (4,580 ) $ (5,039 ) $ (4,272 ) $ (19,790 ) $ (17,441 ) Depreciation and amortization 17 20 19 77 77 Stock-based compensation 1,015 1,041 893 4,013 3,367 Interest income (195 ) (177 ) (189 ) (723 ) (340 ) Accretion income (62 ) (112 ) - (283 ) - Other income, net (3 ) (72 ) - (75 ) - Interest expense 43 47 55 194 255 Net loss non-GAAP EBITDA $ (3,765 ) $ (4,292 ) $ (3,494 ) $ (16,587 ) $ (14,082 ) Investor Contact:Bishop IRMike Bishop(415) 894-9633investor@atomera.com SOURCE: Atomera, Inc View the original press release on accesswire.com Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Atomera Provides Fourth Quarter and Fiscal 2023 Results By: ACCESSWIRE February 13, 2024 at 11:01 AM EST Revenue in the Fourth Quarter Resulting from MST Installation at Licensee LOS GATOS, CA / ACCESSWIRE / February 13, 2024 / Atomera Incorporated (NASDAQ:ATOM), a semiconductor materials and technology licensing company, today provided a corporate update and announced financial results for the fourth quarter and fiscal year ended December 31, 2023. Recent Company Highlights Achieved revenue from commercial licensee for two milestones Second customer completed installation of MST technology Executed an MSTcad license with a large semiconductor manufacturer Management Commentary "There is clear evidence the company is executing on its strategy to commercialize MST. With our technology now installed at two customer fabs, we're focusing on moving additional customers along the engagement pipeline toward the royalty phase," said Scott Bibaud, President and CEO. "The semiconductor industry is currently in an ideal state to adopt new technology and the performance improvements enabled by MST are compelling to fabs and foundries seeking to gain cost-effective advantages in highly competitive markets." Financial Results Revenue for the fourth quarter of 2023 was $550,000. The Company incurred a net loss of ($4.6) million, or ($0.18) per basic and diluted share in the fourth quarter of 2023, compared to a net loss of ($4.3) million, or ($0.18) per basic and diluted share, for the fourth quarter of 2022. Adjusted EBITDA (a non-GAAP financial measure) in the fourth quarter of 2023 was a loss of ($3.8) million compared to an adjusted EBITDA loss of ($3.5) million in the fourth quarter of 2022. For fiscal year 2023, revenue was $550,000, compared with $382,000 in fiscal 2022. Net loss was ($19.8) million, or ($0.80) per basic and diluted share for fiscal 2023, compared to ($17.4) million, or ($0.75) per basic and diluted share in fiscal 2022. Adjusted EBITDA for fiscal 2023 was a loss of ($16.6) million compared to an adjusted EBITDA loss of ($14.1) million in fiscal 2022. The Company had $19.5 million in cash, cash equivalents and short-term investments as of December 31, 2023, compared to $21.2 million as of December 31, 2022. The total number of shares outstanding was 26.1 million as of December 31, 2023. Fourth Quarter and Fiscal Year 2023 Results Webinar Atomera will host a live video webinar today to discuss its financial results and recent progress.Date: Tuesday, Feb. 13, 2024Time: 2:00 p.m. PT (5:00 p.m. ET)Webcast: Accessible at https://ir.atomera.com Note about Non-GAAP Financial MeasuresIn 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 IncorporatedAtomera 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 TechnologyTM (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 HarborThis 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 thus subjecting us to all of the risks inherent in an early-stage enterprise; (2) the risk that licensees or JDA customers do not advance to royalty-based manufacturing and distribution licenses; (3) our ability to add other licensees and/or JDA customers; (4) 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; (5) our ability to protect our proprietary technology, trade secrets and know-how and (6) 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 with the SEC on November 1, 2023. 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 IncorporatedBalance Sheets(in thousands, except per share data) December 31, December 31, 2023 2022 (Unaudited) ASSETS Current assets: Cash and cash equivalents $ 12,591 $ 21,184 Short-term investments 6,940 - Unbilled contracts receivable 550 - Interest receivable 79 - Prepaid expenses and other current assets 244 418 Total current assets 20,404 21,602 Property and equipment, net 100 158 Long-term prepaid maintenance and supplies 91 91 Security deposit 14 14 Operating lease right-of-use asset 517 700 Financing lease right-of-use-asset 2,903 4,164 Total assets $ 24,029 $ 26,729 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 618 $ 397 Accrued expenses 222 173 Accrued payroll related expenses 1,382 967 Current operating lease liability 264 245 Current financing lease liability 1,328 1,126 Total current liabilities 3,814 2,908 Long-term operating lease liability 295 521 Long-term financing lease liability 1,750 2,986 Total liabilities 5,859 6,415 Commitments and contingencies - - Stockholders' equity: Preferred stock $0.001 par value, authorized 2,500 shares; none issued and outstanding at December 31, 2023 and December 31, 2022 - - Common stock: $0.001 par value, authorized 47,500 shares; 26,107 and 23,973 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively; 26 24 Additional paid-in capital 221,229 203,585 Accumulated deficit (203,085 ) (183,295 ) Total stockholders' equity 18,170 20,314 Total liabilities and stockholders' equity $ 24,029 $ 26,729 Atomera IncorporatedStatements of Operations(in thousands, except per share data) Three Months Ended Year Ended December 31, September 30, December 31, December 31, 2023 2023 2022 2023 2022 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Revenue $ 550 $ - $ 5 $ 550 $ 382 Cost of revenue (28) - - (28) (81) Gross margin 522 - 5 522 301 Operating expenses Research and development 2,992 3,305 2,523 12,525 10,038 General and administrative 1,875 1,683 1,559 7,075 6,441 Selling and marketing 452 365 329 1,599 1,348 Total operating expenses 5,319 5,353 4,411 21,199 17,827 Loss from operations (4,797) (5,353) (4,406) (20,677) (17,526) Other income (expense) Interest income 195 177 189 723 340 Accretion income 62 112 - 283 - Other income (expense), net 3 72 - 75 - Interest expense (43) (47) (55) (194) (255) Total other income (expense), net 217 314 134 887 85 Net loss $ (4,580) $ (5,039) $ (4,272) $ (19,790) $ (17,441) Net loss per common share, basic and diluted $ (0.18) $ (0.20) $ (0.18) $ (0.80) $ (0.75) Weighted average number of common shares outstanding, basic and diluted 25,404 25,255 23,538 24,755 23,157 Atomera IncorporatedReconciliation to Non-GAAP EBITDA(Unaudited) Three Months Ended Year Ended December 31, September 30, December 31, December 31, 2023 2023 2022 2023 2022 Net loss (GAAP) $ (4,580 ) $ (5,039 ) $ (4,272 ) $ (19,790 ) $ (17,441 ) Depreciation and amortization 17 20 19 77 77 Stock-based compensation 1,015 1,041 893 4,013 3,367 Interest income (195 ) (177 ) (189 ) (723 ) (340 ) Accretion income (62 ) (112 ) - (283 ) - Other income, net (3 ) (72 ) - (75 ) - Interest expense 43 47 55 194 255 Net loss non-GAAP EBITDA $ (3,765 ) $ (4,292 ) $ (3,494 ) $ (16,587 ) $ (14,082 ) Investor Contact:Bishop IRMike Bishop(415) 894-9633investor@atomera.com SOURCE: Atomera, Inc View the original press release on accesswire.com
Revenue in the Fourth Quarter Resulting from MST Installation at Licensee LOS GATOS, CA / ACCESSWIRE / February 13, 2024 / Atomera Incorporated (NASDAQ:ATOM), a semiconductor materials and technology licensing company, today provided a corporate update and announced financial results for the fourth quarter and fiscal year ended December 31, 2023. Recent Company Highlights Achieved revenue from commercial licensee for two milestones Second customer completed installation of MST technology Executed an MSTcad license with a large semiconductor manufacturer Management Commentary "There is clear evidence the company is executing on its strategy to commercialize MST. With our technology now installed at two customer fabs, we're focusing on moving additional customers along the engagement pipeline toward the royalty phase," said Scott Bibaud, President and CEO. "The semiconductor industry is currently in an ideal state to adopt new technology and the performance improvements enabled by MST are compelling to fabs and foundries seeking to gain cost-effective advantages in highly competitive markets." Financial Results Revenue for the fourth quarter of 2023 was $550,000. The Company incurred a net loss of ($4.6) million, or ($0.18) per basic and diluted share in the fourth quarter of 2023, compared to a net loss of ($4.3) million, or ($0.18) per basic and diluted share, for the fourth quarter of 2022. Adjusted EBITDA (a non-GAAP financial measure) in the fourth quarter of 2023 was a loss of ($3.8) million compared to an adjusted EBITDA loss of ($3.5) million in the fourth quarter of 2022. For fiscal year 2023, revenue was $550,000, compared with $382,000 in fiscal 2022. Net loss was ($19.8) million, or ($0.80) per basic and diluted share for fiscal 2023, compared to ($17.4) million, or ($0.75) per basic and diluted share in fiscal 2022. Adjusted EBITDA for fiscal 2023 was a loss of ($16.6) million compared to an adjusted EBITDA loss of ($14.1) million in fiscal 2022. The Company had $19.5 million in cash, cash equivalents and short-term investments as of December 31, 2023, compared to $21.2 million as of December 31, 2022. The total number of shares outstanding was 26.1 million as of December 31, 2023. Fourth Quarter and Fiscal Year 2023 Results Webinar Atomera will host a live video webinar today to discuss its financial results and recent progress.Date: Tuesday, Feb. 13, 2024Time: 2:00 p.m. PT (5:00 p.m. ET)Webcast: Accessible at https://ir.atomera.com Note about Non-GAAP Financial MeasuresIn 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 IncorporatedAtomera 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 TechnologyTM (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 HarborThis 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 thus subjecting us to all of the risks inherent in an early-stage enterprise; (2) the risk that licensees or JDA customers do not advance to royalty-based manufacturing and distribution licenses; (3) our ability to add other licensees and/or JDA customers; (4) 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; (5) our ability to protect our proprietary technology, trade secrets and know-how and (6) 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 with the SEC on November 1, 2023. 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 IncorporatedBalance Sheets(in thousands, except per share data) December 31, December 31, 2023 2022 (Unaudited) ASSETS Current assets: Cash and cash equivalents $ 12,591 $ 21,184 Short-term investments 6,940 - Unbilled contracts receivable 550 - Interest receivable 79 - Prepaid expenses and other current assets 244 418 Total current assets 20,404 21,602 Property and equipment, net 100 158 Long-term prepaid maintenance and supplies 91 91 Security deposit 14 14 Operating lease right-of-use asset 517 700 Financing lease right-of-use-asset 2,903 4,164 Total assets $ 24,029 $ 26,729 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 618 $ 397 Accrued expenses 222 173 Accrued payroll related expenses 1,382 967 Current operating lease liability 264 245 Current financing lease liability 1,328 1,126 Total current liabilities 3,814 2,908 Long-term operating lease liability 295 521 Long-term financing lease liability 1,750 2,986 Total liabilities 5,859 6,415 Commitments and contingencies - - Stockholders' equity: Preferred stock $0.001 par value, authorized 2,500 shares; none issued and outstanding at December 31, 2023 and December 31, 2022 - - Common stock: $0.001 par value, authorized 47,500 shares; 26,107 and 23,973 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively; 26 24 Additional paid-in capital 221,229 203,585 Accumulated deficit (203,085 ) (183,295 ) Total stockholders' equity 18,170 20,314 Total liabilities and stockholders' equity $ 24,029 $ 26,729 Atomera IncorporatedStatements of Operations(in thousands, except per share data) Three Months Ended Year Ended December 31, September 30, December 31, December 31, 2023 2023 2022 2023 2022 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Revenue $ 550 $ - $ 5 $ 550 $ 382 Cost of revenue (28) - - (28) (81) Gross margin 522 - 5 522 301 Operating expenses Research and development 2,992 3,305 2,523 12,525 10,038 General and administrative 1,875 1,683 1,559 7,075 6,441 Selling and marketing 452 365 329 1,599 1,348 Total operating expenses 5,319 5,353 4,411 21,199 17,827 Loss from operations (4,797) (5,353) (4,406) (20,677) (17,526) Other income (expense) Interest income 195 177 189 723 340 Accretion income 62 112 - 283 - Other income (expense), net 3 72 - 75 - Interest expense (43) (47) (55) (194) (255) Total other income (expense), net 217 314 134 887 85 Net loss $ (4,580) $ (5,039) $ (4,272) $ (19,790) $ (17,441) Net loss per common share, basic and diluted $ (0.18) $ (0.20) $ (0.18) $ (0.80) $ (0.75) Weighted average number of common shares outstanding, basic and diluted 25,404 25,255 23,538 24,755 23,157 Atomera IncorporatedReconciliation to Non-GAAP EBITDA(Unaudited) Three Months Ended Year Ended December 31, September 30, December 31, December 31, 2023 2023 2022 2023 2022 Net loss (GAAP) $ (4,580 ) $ (5,039 ) $ (4,272 ) $ (19,790 ) $ (17,441 ) Depreciation and amortization 17 20 19 77 77 Stock-based compensation 1,015 1,041 893 4,013 3,367 Interest income (195 ) (177 ) (189 ) (723 ) (340 ) Accretion income (62 ) (112 ) - (283 ) - Other income, net (3 ) (72 ) - (75 ) - Interest expense 43 47 55 194 255 Net loss non-GAAP EBITDA $ (3,765 ) $ (4,292 ) $ (3,494 ) $ (16,587 ) $ (14,082 ) Investor Contact:Bishop IRMike Bishop(415) 894-9633investor@atomera.com SOURCE: Atomera, Inc View the original press release on accesswire.com