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% | 9.4% |
| 2024 | $0M | $-17M | $-18M | $-13M | -73.5% | -75.5% | -6.8% |
| 2023 | $1M | $-18M | $-20M | $-15M | -108.9% | 44.0% | 13.5% |
| 2022 | $0M | $-16M | $-17M | $-13M | -85.9% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 0.38 | 0.55 | 0.14 | 0.06 |
| Operating Revenue | - | 0.38 | 0.55 | 0.14 | 0.06 |
| 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 |
| Research And Development | - | 10.04 | 12.52 | 11.03 | 12.30 |
| Selling General And Administration | - | 7.79 | 8.67 | 8.32 | 8.56 |
| Total Expenses | - | 17.91 | 21.23 | 19.47 | 21.19 |
| Operating Income | - | -17.53 | -20.68 | -19.34 | -21.12 |
| Total Operating Income As Reported | - | -17.53 | -20.68 | -19.34 | -21.12 |
| EBITDA | - | -15.68 | -18.16 | -16.94 | -18.88 |
| Normalized EBITDA | - | -15.68 | -18.44 | -17.12 | -18.88 |
| EBIT | - | -17.19 | -19.60 | -18.31 | -20.11 |
| Interest Income | - | 0.34 | 0.72 | 0.78 | 0.93 |
| Interest Expense | - | 0.26 | 0.19 | 0.13 | 0.06 |
| Net Interest Income | - | 0.08 | 0.53 | 0.65 | 0.87 |
| Other Non Operating Income Expenses | - | - | 0.08 | 0.07 | 0.07 |
| Other Income Expense | - | - | 0.36 | 0.25 | 0.08 |
| Interest Income Non Operating | - | 0.34 | 0.72 | 0.78 | 0.93 |
| Interest Expense Non Operating | - | 0.26 | 0.19 | 0.13 | 0.06 |
| Net Non Operating Interest Income Expense | - | 0.08 | 0.53 | 0.65 | 0.87 |
| Pretax Income | - | -17.44 | -19.79 | -18.43 | -20.17 |
| Tax Provision | 0.07 | 0 | - | - | - |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | -17.44 | -19.79 | -18.43 | -20.17 |
| Net Income From Continuing And Discontinued Operation | - | -17.44 | -19.79 | -18.43 | -20.17 |
| Net Income From Continuing Operation Net Minority Interest | - | -17.44 | -19.79 | -18.43 | -20.17 |
| Net Income | - | -17.44 | -19.79 | -18.43 | -20.17 |
| Net Income Common Stockholders | - | -17.44 | -19.79 | -18.43 | -20.17 |
| Net Income Including Noncontrolling Interests | - | -17.44 | -19.79 | -18.43 | -20.17 |
| Normalized Income | - | -17.44 | -20.07 | -18.61 | -20.18 |
| Diluted NI Availto Com Stockholders | - | -17.44 | -19.79 | -18.43 | -20.17 |
| Basic Average Shares | 22.49 | 23.16 | 24.76 | 27.22 | - |
| Diluted Average Shares | 22.49 | 23.16 | 24.76 | 27.22 | - |
| Reconciled Depreciation | - | 1.51 | 1.44 | 1.36 | 1.24 |
| Reconciled Cost Of Revenue | - | 0.08 | 0.03 | 0.12 | 0.32 |
| Total Unusual Items | - | - | 0.28 | 0.18 | 0.01 |
| Total Unusual Items Excluding Goodwill | - | - | 0.28 | 0.18 | 0.01 |
| Gain On Sale Of Security | - | - | 0.28 | 0.18 | 0.01 |
| General And Administrative Expense | - | 6.44 | 7.08 | 7.27 | 7.81 |
| Other Gand A | - | 6.44 | 7.08 | 7.27 | 7.81 |
| Selling And Marketing Expense | - | 1.35 | 1.60 | 1.05 | 0.76 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Atomera Incorporatedthis co. | ATOM | $350M | -17.37 | 19.06 | -109.8% | -17.61 |
| Palladyne AI Corp. | PDYN | $386M | 38.40 | 5.16 | 13.4% | -12.07 |
| Rimini Street, Inc. | RMNI | $384M | 10.35 | -14.21 | -137.3% | 5.02 |
| Xperi Inc. | XPER | $375M | -6.65 | 0.90 | -13.6% | 32.76 |
| Paysafe Limited | PSFE | $374M | -2.05 |
| - |
| - |
| - |
| - |
| - |
| 0.57 |
| -27.9% |
| 8.16 |
| Vuzix Corporation | VUZI | $352M | - | 10.14 | -93.3% | - |
| Telos Corporation | TLS | $334M | -9.15 | 3.49 | -38.1% | -11.48 |
| Repay Holdings Corporation | RPAY | $328M | -1.28 | 0.68 | -53.0% | -4.03 |
| Digimarc Corporation | DMRC | $321M | -9.93 | 7.99 | -80.4% | -12.81 |
| Peer Median | - | -2.05 | 2.20 | -45.5% | -4.03 | |