Atomera (NASDAQ:ATOM) Releases Earnings Results, Misses Estimates By $0.03 EPS

Key Points

• Atomera reported a quarterly loss of $0.15 per share, missing analysts’ consensus estimate of a $0.12 loss by $0.03. The company also posted deeply negative profitability metrics, including a 9,742.17% negative net margin.
• Atomera shares rose $0.30 to $3.31 in mid-day trading, but remain well below their 52-week high of $12.36. The stock has a market capitalization of approximately $129 million.
• Analyst sentiment remains negative: MarketBeat reports an average “Sell” rating, with one analyst rating the stock Sell and another recently downgrading it from Hold to Sell.

Atomera (NASDAQ:ATOM - Get Free Report) posted its quarterly earnings data on Thursday. The technology company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.03), Zacks reports. Atomera had a negative net margin of 9,742.17% and a negative return on equity of 77.91%.

Atomera Price Performance

NASDAQ:ATOM traded up $0.30 during mid-day trading on Thursday, reaching $3.31. The stock had a trading volume of 883,355 shares, compared to its average volume of 1,568,814. Atomera has a 1-year low of $1.89 and a 1-year high of $12.36. The company has a market capitalization of $129.16 million, a price-to-earnings ratio of -5.09 and a beta of 2.03. The stock's 50 day simple moving average is $4.00 and its two-hundred day simple moving average is $5.40.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ATOM shares. Weiss Ratings upgraded shares of Atomera from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Friday, October 23rd. Wall Street Zen lowered Atomera from a "hold" rating to a "sell" rating in a research note on Monday, August 17th. One analyst has rated the stock with a Sell rating. According to MarketBeat, the company currently has an average rating of "Sell".

About Atomera

Atomera Incorporated is a semiconductor materials and technology company that develops solutions intended to improve the performance and energy efficiency of integrated circuits. Its core technology, Mears Silicon Technology (MST), is a proprietary semiconductor-materials innovation designed to enhance the characteristics of silicon-based transistors.

MST is engineered as a thin layer within the semiconductor manufacturing process. Atomera states that the technology can help chip manufacturers improve transistor performance, reduce power consumption, and potentially extend the capabilities of existing process technologies without requiring a complete redesign of the underlying manufacturing platform.

The company primarily operates through a licensing and technology-transfer model, working with semiconductor manufacturers and other industry participants to evaluate and integrate MST into their processes and products.

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