Atomera Incorporated announced its financial results for the third quarter ended September 30, 2024. The company reported GAAP revenue of $0.02 million, which missed analyst estimates by $0.08 million. This minimal revenue reflects Atomera's ongoing pre-commercialization stage.
The company posted a GAAP net loss per share of $(0.17), which was worse than analyst expectations of $(0.14) GAAP EPS. This wider-than-expected net loss indicates continued financial challenges as Atomera invests in research and development. The company's operational costs continue to outweigh its minimal revenue generation.
Despite the financial results, management highlighted recent progress with large customers, stating it has reinforced the attractiveness of MST to solve difficult problems faced by semiconductor companies. This progress is considered key to Atomera licensing customers and bringing its technology to production. The company continues to focus on strategic engagements to drive future growth.
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