Atomera Incorporated engages in the developing, commercializing, and licensing proprietary processes and technologies for the semiconductor industry in North America and Europe. The company's lead technology is the Mears Silicon Technology, a thin film of reengineered silicon that can be applied as a transistor channel enhancement to CMOS-type transistors. Its customers include foundries, integrated device manufacturers, fabless semiconductor manufacturers, original equipment manufacturers, wafer manufacturers, and electronic design automation companies. Atomera Incorporated was formerly known as Mears Technologies, Inc. and changed its name to Atomera Incorporated in January 2016. The company was incorporated in 2001 and is headquartered in Los Gatos, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $0M | $-19M | $-20M | $-15M | -109.8% | -51.9% | - |
| 2024 | $0M | $-17M | $-18M | $-13M | -73.5% | -75.5% | - |
| 2023 | $1M | $-18M | $-20M | $-15M | -108.9% | 44.0% | - |
| 2022 | $0M | $-16M | $-17M | $-13M | -85.9% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 0.38 | 0.55 | 0.14 | 0.07 |
| Cost Of Revenue | 0.08 | 0.03 | 0.12 | 0.32 |
| Gross Profit | 0.30 | 0.52 | 0.01 | -0.26 |
| Operating Expense | 17.83 | 21.20 | 19.35 | 20.87 |
| Operating Income | -17.53 | -20.68 | -19.34 | -21.12 |
| EBITDA | -15.68 | -18.16 | -16.94 | -18.88 |
| EBIT | -17.19 | -19.60 | -18.31 | -20.11 |
| Pretax Income | -17.44 | -19.79 | -18.43 | -20.17 |
| Tax Provision | 0 | 0 | 0 | 0 |
| Net Income | -17.44 | -19.79 | -18.43 | -20.17 |
| Net Income Common Stockholders | -17.44 | -19.79 | -18.43 | -20.17 |
| Total Expenses | 17.91 | 21.23 | 19.47 | 21.19 |
| Interest Expense | 0.26 | 0.19 | 0.13 | 0.06 |
| Interest Income | 0.34 | 0.72 | 0.78 | 0.93 |
| Research And Development | 10.04 | 12.53 | 11.03 | 12.30 |
| Selling General And Administration | 7.79 | 8.67 | 8.32 | 8.56 |
| Normalized EBITDA | -15.68 | -18.44 | -17.12 | -18.88 |
| Normalized Income | -17.44 | -20.07 | -18.61 | -20.18 |
| Basic EPS | -0.75 | -0.80 | -0.68 | 0 |
| Diluted EPS | -0.75 | -0.80 | -0.68 | 0 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0 | 0 | 0 | 0 |
| Total Unusual Items | 0 | 0.28 | 0.18 | 0.01 |
| Total Unusual Items Excluding Goodwill | 0 | 0.28 | 0.18 | 0.01 |
| Net Income From Continuing Operation Net Minority Interest | -17.44 | -19.79 | -18.43 | -20.17 |
| Reconciled Depreciation | 1.51 | 1.44 | 1.36 | 1.24 |
| Reconciled Cost Of Revenue | 0.08 | 0.03 | 0.12 | 0.32 |
| Net Interest Income | 0.09 | 0.53 | 0.65 | 0.87 |
| Net Income From Continuing And Discontinued Operation | -17.44 | -19.79 | -18.43 | -20.17 |
| Total Operating Income As Reported | -17.53 | -20.68 | -19.34 | -21.12 |
| Diluted Average Shares | 23.16 | 24.75 | 27.22 | 0 |
| Basic Average Shares | 23.16 | 24.75 | 27.22 | 0 |
| Diluted NI Availto Com Stockholders | -17.44 | -19.79 | -18.43 | -20.17 |
| Net Income Including Noncontrolling Interests | -17.44 | -19.79 | -18.43 | -20.17 |
| Net Income Continuous Operations | -17.44 | -19.79 | -18.43 | -20.17 |
| Other Income Expense | 0 | 0.36 | 0.25 | 0.08 |
| Other Non Operating Income Expenses | 0 | 0.07 | 0.07 | 0.07 |
| Gain On Sale Of Security | 0 | 0.28 | 0.18 | 0.01 |
| Net Non Operating Interest Income Expense | 0.09 | 0.53 | 0.65 | 0.87 |
| Interest Expense Non Operating | 0.26 | 0.19 | 0.13 | 0.06 |
| Interest Income Non Operating | 0.34 | 0.72 | 0.78 | 0.93 |
| Selling And Marketing Expense | 1.35 | 1.60 | 1.05 | 0.76 |
| General And Administrative Expense | 6.44 | 7.08 | 7.27 | 7.81 |
| Other Gand A | 6.44 | 7.08 | 7.27 | 7.81 |
| Operating Revenue | 0.38 | 0.55 | 0.14 | 0.07 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Atomera Incorporatedthis co. | ATOM | $281M | - | 12.76 | -109.8% | -13.04 |
| Xperi Inc. | XPER | $310M | - | 0.75 | -13.6% | 25.40 |
| CS Disco, Inc. | LAW | $285M | - | 2.22 | -34.6% | -4.74 |
| Palladyne AI Corp. | PDYN | $274M | 24.21 | 3.59 | 13.4% | -7.50 |
| Methode Electronics, Inc. | MEI | $271M | - | 0.40 |
| -9.0% |
| 12.89 |
| Conduent Incorporated | CNDT | $265M | - | 0.39 | -24.8% | 18.79 |
| Asure Software, Inc. | ASUR | $264M | - | 1.31 | -6.6% | 17.27 |
| 8x8, Inc. | EGHT | $254M | - | 1.77 | -22.3% | 14.50 |
| Backblaze, Inc. | BLZE | $251M | - | 2.95 | -30.8% | -48.22 |
| Peer Median | - | 24.21 | 1.54 | -17.9% | 13.70 | |