Atomera (ATOM) AI Stock Analysis

• Market Cap: $90.20M
• Dividend Yield: N/A
• Average Volume (3M): 464.54K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.52
• Revenue Growth: -92.34%
• EPS Growth: 8.99%
• Country: US
• Employees: 20
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): -0.17
• Shares Outstanding: 31,482,756
• 10 Day Avg. Volume: 463,975
• 30 Day Avg. Volume: 464,540
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.47
• Enterprise Value/Revenue: 2.70K
• Enterprise Value/Gross Profit: -373.09
• Enterprise Value/Ebitda: -7.24
• 1Y Price Target: $5.00
• Price Target Upside: 54.80% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 42 Neutral
• Price Target: $3.00 ▼(-7.12% Downside)

Atomera's overall stock score is primarily impacted by its weak financial performance and challenging valuation. While there are positive developments in customer engagement and strategic partnerships, these are overshadowed by immediate financial difficulties and bearish technical indicators. The company's potential for future growth is tempered by current operational inefficiencies and financial instability.

Atomera Business Overview & Revenue Model

Company Description

Atomera Incorporated develops, commercializes, and licenses proprietary materials, processes, and technologies for the semiconductor industry in North America and the Asia Pacific. The company's lead technology is the Mears Silicon Technology, a thin film of reengineered silicon that can be applied as a transistor channel enhancement to CMOS-type transistors. Its customers include foundries, integrated device manufacturers, fabless semiconductor manufacturers, original equipment manufacturers, and electronic design automation companies. The company was formerly known as Mears Technologies, Inc. and changed its name to Atomera Incorporated in January 2016. Atomera Incorporated was incorporated in 2001 and is headquartered in Los Gatos, California.

How the Company Makes Money

Atomera generates revenue through the licensing of its MST technology to semiconductor manufacturers, allowing them to integrate Atomera's advancements into their production processes. This revenue model includes upfront licensing fees, as well as ongoing royalties based on the volume of products sold that incorporate MST. Key partnerships with major players in the semiconductor industry further bolster Atomera's earnings potential, as these collaborations facilitate technology adoption and provide a pathway for scaling production. Additionally, Atomera may engage in research and development contracts that contribute to its revenue, particularly in developing customized solutions for clients.

Atomera Financial Statement Overview

Summary

Atomera is facing significant financial challenges, with continuous losses impacting profitability and cash flow. Despite a low debt-to-equity ratio, the company struggles with negative net income and free cash flow, raising concerns about its operational efficiency and long-term viability.

Income Statement

Atomera's income statement indicates significant challenges with profitability. The gross profit margin has dropped due to decreasing gross profit despite minor revenue growth. The company has consistently reported negative net income, resulting in a negative net profit margin over the years. Although there was a slight revenue increase from the previous year, it has not translated into profitability improvements. The negative EBIT and EBITDA margins further highlight operational inefficiencies and high costs.

Balance Sheet

The balance sheet reveals a relatively low debt-to-equity ratio, suggesting manageable leverage. However, the return on equity is negative due to consistent net losses, indicating poor returns to shareholders. The equity ratio remains high, reflecting a stronger reliance on equity financing. Despite this, ongoing losses and declining equity raise concerns about long-term sustainability.

Cash Flow

Atomera's cash flow statement shows persistent negative free cash flow, suggesting operational cash burn. Operating cash flow to net income and free cash flow to net income ratios indicate inefficiencies in converting revenue into cash. While there was a significant inflow from financing activities, it mainly covers operational deficits without contributing to growth investments.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	49.00K	135.00K	550.00K	382.00K	400.00K	62.00K
Gross Profit	-355.00K	12.00K	522.00K	301.00K	147.00K	49.00K
EBITDA	-18.29M	-16.94M	-18.16M	-15.68M	-15.27M	-14.70M
Net Income	-19.43M	-18.43M	-19.79M	-17.36M	-15.71M	-14.66M
Balance Sheet
Total Assets	24.08M	29.12M	24.03M	26.73M	36.06M	39.40M
Cash, Cash Equivalents and Short-Term Investments	22.03M	26.77M	19.53M	21.18M	28.70M	37.94M
Total Debt	1.27M	1.98M	3.64M	4.88M	6.54M	692.00K
Total Liabilities	2.79M	4.05M	5.86M	6.42M	7.68M	2.05M
Stockholders Equity	21.29M	25.08M	18.17M	20.31M	28.38M	37.34M
Cash Flow
Free Cash Flow	-14.22M	-13.25M	-14.59M	-12.54M	-12.55M	-12.20M
Operating Cash Flow	-14.21M	-13.24M	-14.56M	-12.50M	-12.44M	-12.07M
Investing Cash Flow	3.87M	6.08M	-6.75M	-39.00K	-109.00K	-131.00K
Financing Cash Flow	17.89M	20.34M	12.71M	5.02M	3.31M	35.27M

Atomera Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.23
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ATOM, the sentiment is Negative. The current price of 3.23 is below the 20-day moving average (MA) of 4.45, below the 50-day MA of 3.86, and below the 200-day MA of 5.46, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 37.40 is Neutral, neither overbought nor oversold. The STOCH value of 15.19 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ATOM.

Atomera Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MRAM	71 Outperform	$222.86M	135.79	2.76%	―	-11.27%	-9.20%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
AXTI	55 Neutral	$227.86M	-9.39	-12.56%	―	-2.63%	-78.66%
WKEY	52 Neutral	$94.03M	―	-24.81%	―	-42.77%	83.21%
SQNS	49 Neutral	$18.58M	―	416.14%	―	31.78%	―
ASYS	48 Neutral	$109.36M	―	-47.86%	―	-20.20%	-58.57%
ATOM	42 Neutral	$90.20M	-4.86	-100.22%	―	-92.34%	8.99%

Atomera Corporate Events

Atomera Enhances Transparency with New Disclosure Strategy

Atomera Incorporated has announced that it will use its corporate website and LinkedIn account to distribute material information about the company and its industry, in accordance with SEC’s Regulation FD. This move aims to ensure that shareholders and interested parties have access to timely updates and information, enhancing transparency and communication.

The most recent analyst rating on (ATOM) stock is a Hold with a $5.00 price target. To see the full list of analyst forecasts on Atomera stock, see the ATOM Stock Forecast page.

Atomera Inc’s Earnings Call: Progress Amid Challenges

Atomera Inc’s recent earnings call painted a picture of both progress and hurdles. The company is witnessing heightened interest and engagement in its MST technology, especially in RF applications, and has made notable advancements in innovation and strategic partnerships. However, Atomera is also grappling with delays from a key customer, STMicro, and continues to face financial losses alongside rising operating costs.

Atomera Inc.’s Risk Profile Remains Unchanged: What Stakeholders Need to Know

Atomera Inc. faces business risks that remain consistent with those detailed in their previous annual report, as filed with the SEC. This suggests that the company has not experienced significant changes in its risk landscape since the end of 2024. Stakeholders should consider these persistent risk factors when evaluating the company’s future performance and stability. Continued monitoring of these risks is essential for informed decision-making regarding Atomera Inc.’s business operations.

Atomera Reports Q2 2025 Financial Results and Strategic Advances

Atomera Incorporated is a semiconductor materials and technology licensing company known for its proprietary Mears Silicon Technology™ (MST), which enhances the performance and power efficiency of semiconductor transistors. The company operates within the semiconductor industry, focusing on integrating its technology into existing manufacturing processes.