Atomera Inc ((ATOM)) has held its Q2 earnings call. Read on for the main highlights of the call.
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Atomera Inc’s recent earnings call painted a picture of both progress and hurdles. The company is witnessing heightened interest and engagement in its MST technology, especially in RF applications, and has made notable advancements in innovation and strategic partnerships. However, Atomera is also grappling with delays from a key customer, STMicro, and continues to face financial losses alongside rising operating costs.
Increased Wafer Activity
Atomera reported a significant uptick in wafer activity, both within the company and among its customers. This surge indicates strong engagement and interest in MST applications, showcasing the growing demand for Atomera’s technology.
Strategic Collaboration with Incize
The company announced a new collaboration with Incize to characterize GaN technology for RF applications. This partnership is set to expand Atomera’s focus and potential market reach, marking a strategic move to strengthen its position in the industry.
Expansion into RF-SOI Low-Noise Amplifiers
Atomera has broadened its RF-SOI offerings to include low-noise amplifiers (LNAs), which are designed to enhance performance by reducing power consumption. This expansion has generated significant interest, highlighting Atomera’s commitment to innovation.
Patent Milestone
The company reached a significant milestone with its tally of issued and pending patents exceeding 400. This achievement underscores Atomera’s ongoing innovation and the strength of its intellectual property portfolio.
National Semiconductor Technology Center Membership
Atomera has joined the National Semiconductor Technology Center (NSTC), aiming to contribute to and benefit from the ecosystem focused on advancing semiconductor technology. This membership is expected to foster collaboration and innovation.
STMicro Delay
STMicro’s decision to transition directly to 300-millimeter wafers has delayed the rollout of BCD 110 with MST, pushing process qualification beyond 2025. This delay poses challenges but also opens up opportunities for increased capacity in the future.
Financial Losses
Atomera reported a GAAP net loss of $5 million for the second quarter of 2025, an increase from the $4.4 million loss in the same period of 2024. This financial setback highlights the challenges the company faces in achieving profitability.
Increased Operating Expenses
The company’s GAAP operating expenses rose to $5.2 million in Q2 2025 from $4.6 million in Q2 2024. The increase is attributed to higher R&D and payroll costs, reflecting Atomera’s investment in its growth and development.
Forward-Looking Guidance
Atomera’s guidance emphasized its strategic initiatives and financial outlook. The company highlighted increased wafer activity and the delayed rollout of BCD 110 with MST at STMicro, which is expected to bring significant revenue potential due to increased capacity. Atomera is experiencing high levels of customer engagement, with transformative projects involving multiple wafer runs and business unit collaborations. Despite financial losses, Atomera anticipates recognizing some NRE revenue in the third quarter and maintains its guidance for 2025 non-GAAP operating expenses.
In conclusion, Atomera Inc’s earnings call reflects a company at a crossroads, with promising advancements in technology and strategic partnerships tempered by financial challenges and delays. The overall sentiment is one of cautious optimism, as Atomera navigates its path forward in the semiconductor industry.