Q3 2024 Atomera Inc Earnings Call Transcript
Key Points
- Atomera Inc (ATOM) is experiencing significant progress in its development efforts, customer activity, partnerships, and technology advancement.
- The company is actively working with STMicroelectronics on next-generation smart power products, with promising development and manufacturability progress.
- Atomera Inc (ATOM) has finalized a 48-volt version of its SPX technology, showing dramatic performance improvements for data centers.
- The company is engaged with multiple customers in advanced node and memory segments, which are critical areas for semiconductor industry growth.
- Atomera Inc (ATOM) has entered into an agreement with Sandia National Labs to advance its GaN on silicon technology, potentially accelerating time to market.
- Atomera Inc (ATOM) reported a GAAP net loss of $4.6 million for Q3 2024, with revenues of only $22,000, indicating financial challenges.
- The timeline for revenue generation from STMicroelectronics is uncertain and entirely under ST's control, creating potential delays.
- The company faces slower progress in legacy technology segments, which take longer to transition to production.
- Atomera Inc (ATOM) has a lower cash balance compared to the previous quarter, raising concerns about funding and cash needs.
- The company has not yet secured Chips Act funding, and the timeline for decisions on their proposals remains unclear.
Hello, everyone and welcome to Adam Era's third quarter, fiscal year 2024 update call. I'd like to remind everyone that this call and webinar are being recorded and a replay will be available on Adam Era's IR website for one year. I'm Mike Bishop with the company's investor relations. As in prior quarters, we are 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, Aam's President and CEO and Frank Laurencio Aam's 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 presentation section of our investor relations page on our website.
Before we begin. I'd 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 are detailed in the risk
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