Atomera (ATOM) AI Stock Analysis

• Market Cap: $203.26M
• Dividend Yield: N/A
• Average Volume (3M): 443.73K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.36
• Revenue Growth: -78.70%
• EPS Growth: 13.98%
• Country: US
• Employees: 20
• Sector: Technology
• Sector Strength: 75
• Industry: Semiconductors
• EPS (TTM): -0.17
• Shares Outstanding: 30,704,132
• 10 Day Avg. Volume: 591,578
• 30 Day Avg. Volume: 443,729
• PEG Ratio: -4.28
• Price to Book (P/B): 4.49
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -9.60
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $8.00
• Price Target Upside: 20.85% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 52 Neutral
• Price Target: $7.50 ▲( 13.29% Upside)

Atomera faces significant financial challenges, with continuous losses impacting profitability and cash flow. Positive technical momentum offers some optimism, but overbought conditions warrant caution. Recent strategic partnerships and technological advancements provide potential upside, yet financial losses and uncertain revenue guidance weigh heavily on the stock's outlook.

Atomera Business Overview & Revenue Model

Company Description

Atomera Incorporated (ATOM) is a semiconductor materials and intellectual property licensing company. It operates primarily in the technology sector, focusing on the development and commercialization of its proprietary technology called Mears Silicon Technology (MST). This technology aims to improve the performance and efficiency of semiconductor devices. Atomera collaborates with semiconductor manufacturers to integrate MST into their existing production processes, enhancing the semiconductor characteristics without substantial changes to their designs.

How the Company Makes Money

Atomera makes money primarily through the licensing of its Mears Silicon Technology (MST) to semiconductor manufacturers. The company enters into licensing agreements where it provides access to its patented technology, allowing manufacturers to incorporate MST into their semiconductor production processes. Revenue is generated from a combination of upfront licensing fees, milestone payments, and royalties based on the volume or value of semiconductor products sold that utilize MST. Key partnerships with leading semiconductor companies play a significant role in driving Atomera's revenue, as these collaborations facilitate the adoption and integration of MST across the industry.

Atomera Financial Statement Overview

Summary

Atomera is struggling financially, with continuous losses impacting profitability and cash flow. Despite low leverage, the inability to generate positive net income or free cash flow raises concerns about its operational efficiency and long-term viability.

Income Statement

Atomera's income statement indicates significant challenges with profitability. The gross profit margin has dropped due to decreasing gross profit despite minor revenue growth. The company has consistently reported negative net income, resulting in a negative net profit margin over the years. Although there was a slight revenue increase from the previous year, it has not translated into profitability improvements. The negative EBIT and EBITDA margins further highlight operational inefficiencies and high costs.

Balance Sheet

The balance sheet reveals a relatively low debt-to-equity ratio, suggesting manageable leverage. However, the return on equity is negative due to consistent net losses, indicating poor returns to shareholders. The equity ratio remains high, reflecting a stronger reliance on equity financing. Despite this, ongoing losses and declining equity raise concerns about long-term sustainability.

Cash Flow

Atomera's cash flow statement shows persistent negative free cash flow, suggesting operational cash burn. Operating cash flow to net income and free cash flow to net income ratios indicate inefficiencies in converting revenue into cash. While there was a significant inflow from financing activities, it mainly covers operational deficits without contributing to growth investments.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
135.00K	550.00K	382.00K	400.00K	62.00K
	Gross Profit
12.00K	522.00K	301.00K	147.00K	49.00K
	EBIT
-19.34M	-20.68M	-17.53M	-15.53M	-14.92M
	EBITDA
-16.94M	-18.16M	-15.68M	-15.27M	-14.70M
	Net Income Common Stockholders
-18.43M	-19.79M	-17.36M	-15.71M	-14.66M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
26.77M	19.53M	21.18M	28.70M	37.94M
	Total Assets
29.12M	24.03M	26.73M	36.06M	39.40M
	Total Debt
1.98M	3.64M	4.88M	6.54M	692.00K
	Net Debt
-23.79M	-8.95M	-16.31M	-22.16M	-37.25M
	Total Liabilities
4.05M	5.86M	6.42M	7.68M	2.05M
	Stockholders Equity
25.08M	18.17M	20.31M	28.38M	37.34M
Cash Flow		Free Cash Flow
-13.24M	-14.59M	-12.54M	-12.55M	-12.20M
	Operating Cash Flow
-13.24M	-14.56M	-12.50M	-12.44M	-12.07M
	Investing Cash Flow
6.08M	-6.75M	-39.00K	-109.00K	-131.00K
	Financing Cash Flow
20.34M	12.71M	5.02M	3.31M	35.27M

Atomera Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 6.62
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ATOM, the sentiment is Neutral. The current price of 6.62 is above the 20-day moving average (MA) of 5.97, above the 50-day MA of 5.12, and above the 200-day MA of 5.65, indicating a bullish trend. The MACD of 0.66 indicates Negative momentum. The RSI at 58.96 is Neutral, neither overbought nor oversold. The STOCH value of 38.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for ATOM.

Atomera Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INTT	70 Outperform	$72.96M	25.19	-0.10%	―	5.19%	-101.31%
MRAM	70 Outperform	$137.05M	176.22	-0.31%	―	-22.48%	-102.37%
Sector *	61 Neutral	$11.41B	10.19	-7.05%	2.95%	7.46%	-10.52%
ICG	59 Neutral	$141.62M	20.24	5.21%	―	236.05%	―
QUIK	54 Neutral	$81.56M	―	-24.87%	―	-20.12%	-660.05%
MX	52 Neutral	$141.01M	―	-14.88%	―	3.59%	-64.21%
ATOM	52 Neutral	$203.26M	―	-90.30%	―	-78.70%	13.98%

Atomera Corporate Events

Atomera Holds Annual Stockholders Meeting, Elects Directors

On May 15, 2025, Atomera Incorporated held its Annual Meeting of Stockholders, where key decisions were made regarding the company’s governance and strategic direction. The stockholders elected five directors to the board, ratified the appointment of CBIZ CPAs P.C. as the independent accounting firm, approved executive compensation, and endorsed an amendment to the company’s 2023 Stock Incentive Plan, indicating continued support for the company’s leadership and strategic initiatives.

The most recent analyst rating on (ATOM) stock is a Buy with a $7.00 price target. To see the full list of analyst forecasts on Atomera stock, see the ATOM Stock Forecast page.

Atomera Revises CEO Severance Agreement Terms

Atomera has amended its employment agreement with CEO Scott A. Bibaud, initially established in March 2025. The revised agreement, effective May 5, 2025, alters the conditions under which Mr. Bibaud would receive severance payments in the event of a Change of Control, shifting from a ‘single trigger’ to a ‘double trigger’ requirement.