Q2 2024 Atomera Inc Earnings Call Transcript
Key Points
- Atomera Inc (ATOM) is making solid progress with ST Microelectronics on next-generation smart power products, which could result in significant royalty revenue.
- The company has seen strong customer interest and engagement, particularly in the power chip and RF-SOI markets.
- Atomera Inc (ATOM) has successfully recruited new team members, including a new Head of Business Development and Marketing, to enhance its sales and marketing efforts.
- The company has submitted its first proposal under the CHIPS Act, indicating potential for future funding and support.
- Atomera Inc (ATOM) reported a decrease in GAAP net loss and operating expenses compared to the previous year, reflecting improved financial management.
- Revenue for Q2 2024 was only $72,000, indicating limited immediate financial impact from current customer engagements.
- The company has not yet achieved definitive production programs with some of its key customers, such as JDA1.
- Progress in converting customer engagements to licenses has not met expectations, highlighting challenges in closing deals.
- The timing for recognizing significant license revenue from ST Microelectronics remains uncertain and largely dependent on ST's development schedule.
- Atomera Inc (ATOM) is still in the early stages of development for its GaN technology, with potential revenues not expected to be significant in the near term.
Hello, everyone, and welcome to Atomera's second quarter fiscal year 2024 update call. I would like to remind everyone that this call and webinar are being recorded and a replay will be available on Atomera's IR website for one year. I'm Mike Bishop with the company's investor relations.
As in prior quarters, where using Zoom and we will follow a similar presentation format with participants in a listen-only mode. We will open with prepared remarks from Scott Bibaud, Atomeraâs President and CEO, and Frank Laurencio, Atomeraâs CFO. Then we will open the call to questions.
If you are joining by telephone, you may follow a slide presentation to accompany our remarks on the Events and Presentations section of our Investor Relations page on our website.
Before we begin, I would like to remind everyone that during today's call, we will make forward-looking statements. These forward-looking statements, whether in prepared remarks or during the Q&A session are subject to inherent risks and uncertainties. These risks and uncertainties
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
