Atomera (ATOM) AI Stock Analysis

• Market Cap: $191.90M
• Dividend Yield: N/A
• Average Volume (3M): 473.44K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.40
• Revenue Growth: -78.70%
• EPS Growth: 13.98%
• Country: US
• Employees: 20
• Sector: Technology
• Sector Strength: 79
• Industry: Semiconductors
• EPS (TTM): -0.17
• Shares Outstanding: 30,704,132
• 10 Day Avg. Volume: 329,801
• 30 Day Avg. Volume: 473,445
• PEG Ratio: -1.16
• Price to Book (P/B): 7.09
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -11.49
• Enterprise Value/Market Cap: 0.67
• Enterprise Value/Revenue: 81.98
• Enterprise Value/Gross Profit: -3.19K
• Enterprise Value/Ebitda: -1.80
• 1Y Price Target: $8.00
• Price Target Upside: 51.52% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 48 Neutral
• Price Target: $5.50 ▲(4.17%Upside)

Atomera's overall stock score is driven by significant financial challenges, including ongoing losses and cash flow concerns, which weigh heavily on its profile. While technical indicators and strategic initiatives provide some potential for improvement, the negative valuation metrics limit the stock's attractiveness in the current market environment.

Atomera Business Overview & Revenue Model

Company Description

Atomera Incorporated is a high-tech company operating in the semiconductor industry. The company focuses on enhancing the performance and efficiency of semiconductor devices through its proprietary technology, Mears Silicon Technology (MST). MST is designed to improve the electrical characteristics of semiconductor wafers, which can lead to better power efficiency and performance of electronic devices. Atomera works with semiconductor manufacturers and foundries to integrate MST into their production processes.

How the Company Makes Money

Atomera makes money primarily through licensing its Mears Silicon Technology (MST) to semiconductor manufacturers and foundries. The company enters into agreements with these manufacturers, allowing them to incorporate MST into their production processes in exchange for licensing fees. These fees can be structured in various ways, including upfront payments, ongoing royalties based on the volume of production using MST, or milestone payments as manufacturers achieve certain production or performance targets. Atomera may also engage in joint development agreements where they collaborate with manufacturers to optimize MST for specific applications, potentially leading to additional revenue streams. The company's revenue is significantly influenced by the adoption rate of MST in the semiconductor industry and its ability to establish and maintain partnerships with key players in the market.

Atomera Financial Statement Overview

Summary

Atomera is struggling financially, with continuous losses impacting profitability and cash flow. While its leverage is low, 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
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
121.00K	135.00K	550.00K	382.00K	400.00K	62.00K
	Gross Profit
-40.00K	12.00K	522.00K	301.00K	147.00K	49.00K
	EBIT
-19.77M	-19.34M	-20.68M	-17.53M	-15.53M	-14.92M
	EBITDA
-18.52M	-16.94M	-18.16M	-15.68M	-15.27M	-14.70M
	Net Income Common Stockholders
-18.82M	-18.43M	-19.79M	-17.36M	-15.71M	-14.66M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
24.12M	26.77M	19.53M	21.18M	28.70M	37.94M
	Total Assets
26.25M	29.12M	24.03M	26.73M	36.06M	39.40M
	Total Debt
1.61M	1.98M	3.64M	4.88M	6.54M	692.00K
	Net Debt
-22.51M	-23.79M	-8.95M	-16.31M	-22.16M	-37.25M
	Total Liabilities
2.97M	4.05M	5.86M	6.42M	7.68M	2.05M
	Stockholders Equity
23.28M	25.08M	18.17M	20.31M	28.38M	37.34M
Cash Flow		Free Cash Flow
-13.88M	-13.25M	-14.59M	-12.54M	-12.55M	-12.20M
	Operating Cash Flow
-13.87M	-13.24M	-14.56M	-12.50M	-12.44M	-12.07M
	Investing Cash Flow
4.56M	6.08M	-6.75M	-39.00K	-109.00K	-131.00K
	Financing Cash Flow
18.63M	20.34M	12.71M	5.02M	3.31M	35.27M

Atomera Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 5.28
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ATOM, the sentiment is Negative. The current price of 5.28 is below the 20-day moving average (MA) of 6.52, below the 50-day MA of 5.41, and below the 200-day MA of 5.88, indicating a neutral trend. The MACD of 0.06 indicates Positive momentum. The RSI at 44.37 is Neutral, neither overbought nor oversold. The STOCH value of 29.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ATOM.

Atomera Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INTT	67 Neutral	$90.95M	25.19	-0.10%	―	5.19%	-101.31%
MRAM	66 Neutral	$135.70M	176.22	-0.31%	―	-22.48%	-102.37%
Sector *	62 Neutral	$11.97B	10.08	-7.46%	2.96%	7.37%	-8.22%
ICG	59 Neutral	$118.51M	23.97	3.39%	―	236.05%	―
MX	54 Neutral	$141.73M	―	-14.88%	―	3.59%	-64.21%
QUIK	54 Neutral	$93.75M	―	-24.87%	―	-20.12%	-660.05%
ATOM	48 Neutral	$191.90M	―	-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.