Atomera Incorporated announced its financial results for the second quarter ended June 30, 2025. The company reported $0 in revenue for the quarter, matching estimates but down from $72,000 in the prior year. For the first six months of 2025, revenue was a mere $4,000, primarily from MSTcad licensing and consulting services.
The company posted a GAAP net loss of $(0.17) per share, which was worse than analyst expectations of $(0.14) GAAP EPS. The net loss for Q2 2025 was $4.97 million, contributing to a $10.18 million net loss for the first half of 2025. Operating expenses increased to $5.2 million from $4.6 million in the prior year, driven by higher R&D and general and administrative costs.
A significant development was the delay of the next major revenue milestone from the STMicroelectronics agreement, now anticipated in 2026. This delay stems from STMicro's decision to transition directly to 300-millimeter wafers for their BCD 110 process. Atomera ended the quarter with $22.0 million in cash and cash equivalents, having used $8.29 million in operating activities during the first half of 2025. The company maintained its full-year 2025 non-GAAP operating expense guidance at $17.25 million to $17.75 million.
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