Atomera Inc. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>Atomera Inc. has filed its Q1 2024 10-Q report, detailing financial performance and business operations.</b>

AI Summary

Atomera Inc (ATOM) filed a Quarterly Report (10-Q) with the SEC on April 30, 2024. Atomera Inc. filed its quarterly report (10-Q) for the period ending March 31, 2024. The filing covers the first quarter of fiscal year 2024. The company's fiscal year ends on December 31st. Atomera Inc. is incorporated in Delaware. The company's business address is in Los Gatos, California.

Why It Matters

For investors and stakeholders tracking Atomera Inc, this filing contains several important signals. This filing provides investors with the latest financial data and operational updates for Atomera Inc. for the first quarter of 2024. Understanding the details within this 10-Q is crucial for assessing the company's current financial health and future prospects in the semiconductor industry.

Risk Assessment

Risk Level: low — Atomera Inc shows low risk based on this filing. The filing is a standard 10-Q report with no immediate red flags, indicating routine financial disclosure.

Analyst Insight

Review the detailed financial statements and management discussion within the 10-Q to understand Atomera Inc.'s performance and outlook.

Key Numbers

• 2024-03-31 — Period End Date (Conformed period of report)
• 2024-04-30 — Filing Date (Filed as of date)
• 1231 — Fiscal Year End (Fiscal year end)

Key Players & Entities

• Atomera Inc. (company) — Filer name
• ATOM (company) — Ticker symbol
• 2024-03-31 (date) — Period of report
• 2024-04-30 (date) — Filed as of date
• DE (jurisdiction) — State of incorporation
• Los Gatos, CA (location) — Business address city and state

FAQ

Industry Context

Atomera Inc. operates in the Semiconductors & Related Devices industry.

Regulatory Implications

The filing is a standard 10-Q, adhering to SEC regulations for quarterly reporting by public companies.

What Investors Should Do

1. Analyze the financial statements for revenue, expenses, and cash flow.
2. Review the Management's Discussion and Analysis for strategic insights and forward-looking statements.
3. Compare Q1 2024 results with previous periods to identify trends.

Year-Over-Year Comparison

This is the initial 10-Q filing for the period ending March 31, 2024, and a comparison to the prior period's 10-Q would be necessary for detailed trend analysis.

Key Financial Figures

• $0.001 — ch registered Common stock: Par value $0.001 ATOM Nasdaq Capital Market Indicate
• $50.0 million — ng aggregate offering proceeds of up to $50.0 million (the "ATM Facility"). During the three-
• $150,000 — established a monthly lease payment of $150,000 per month. The lease contains a provisi
• $137,650 — payments for this tool were adjusted to $137,650 per month for the period August 1, 2023
• $1,277 — The monthly rent payment increased from $1,277 per month to $2,365 per month and the i
• $2,365 — ment increased from $1,277 per month to $2,365 per month and the increased rent under
• $87,000 — months beginning on January 1, 2024 for $87,000 per month. Since the lease term is not
• $2,942 — rch 31, 2023. The cost of the lease was $2,942 per month. The components of lease co

Filing Documents

• atomera_i10q-033124.htm (10-Q) — 473KB
• atomera_ex3101.htm (EX-31.1) — 10KB
• atomera_ex3102.htm (EX-31.2) — 10KB
• atomera_ex3201.htm (EX-32.1) — 5KB
• 0001683168-24-002847.txt (&nbsp;) — 3295KB
• atom-20240331.xsd (EX-101.SCH) — 23KB
• atom-20240331_cal.xml (EX-101.CAL) — 43KB
• atom-20240331_def.xml (EX-101.DEF) — 103KB
• atom-20240331_lab.xml (EX-101.LAB) — 280KB
• atom-20240331_pre.xml (EX-101.PRE) — 221KB
• atomera_i10q-033124_htm.xml (XML) — 379KB

Financial Information

PART I. Financial Information Item 1.

Financial Statements

Financial Statements 3 Condensed Balance Sheets – March 31, 2024 (Unaudited) and December 31, 2023 3 Unaudited Condensed Statements of Operations – For the Three Months Ended March 31, 2024 and 2023 4 Unaudited Condensed Statements of Comprehensive Loss – For the Three Months Ended March 31, 2024 and 2023 5 Unaudited Condensed Statements of Stockholders' Equity – For the Three Months Ended March 31, 2024 and 2023 6 Unaudited Condensed Statements of Cash Flows – For the Three Months Ended March 31, 2024 and 2023 7 Notes to the Unaudited Condensed Financial Statements 8 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 15 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 18 Item 4.

Controls and Procedures

Controls and Procedures 19

Other Information

PART II. Other Information Item 1A.

Risk Factors

Risk Factors 20 Item 5. Other Information 20 Item 6. Exhibits 20

Financial Information

PART I. Financial Information

Financial Statements

Item 1. Financial Statements Atomera Incorporated Condensed Balance Sheets (in thousands, except per share data) March 31, December 31, 2024 2023 (Unaudited) ASSETS Current assets: Cash and cash equivalents $ 14,806 $ 12,591 Short-term investments 4,458 6,940 Unbilled contracts receivable – 550 Interest receivable 73 79 Prepaid expenses and other current assets 328 244 Total current assets 19,665 20,404 Property and equipment, net 83 100 Long-term prepaid maintenance and supplies 91 91 Security deposit 14 14 Operating lease right-of-use asset 459 517 Financing lease right-of-use-asset 2,622 2,903 Total assets $ 22,934 $ 24,029 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 601 $ 618 Accrued expenses 210 222 Accrued payroll related expenses 454 1,382 Current operating lease liability 263 264 Current financing lease liability 1,357 1,328 Deferred Revenue 17 – Total current liabilities 2,902 3,814 Long-term operating lease liability 194 295 Long-term financing lease liability 1,431 1,750 Total liabilities 4,527 5,859 Commitments and contingencies (see Note 9) – – Stockholders' equity: Preferred stock $ 0.001 par value, authorized 2,500 shares; none issued and outstanding as of March 31 2024 and December 31, 2023 – – Common stock: $ 0.001 par value, authorized 47,500 shares; 26,905 shares issued and 26,885 outstanding as of March 31, 2024; and 26,107 shares issued and outstanding as of December 31, 2023 27 26 Additional paid in capital 226,288 221,229 Other comprehensive income (loss) ( 1 ) – Accumulated deficit ( 207,907 ) ( 203,085 ) Total stockholders' equity 18,407 18,170 Total liabilities and stockholders' equity $ 22,934 $ 24,029 The accompanying notes are an integral part of these condensed financial statements. 3 Atomera Incorporated Condensed Statements of Operations (Unaudited)

View Full Filing

View this 10-Q filing on SEC EDGAR