10-K · February 24, 2026
Atomera positions itself as a licensing/IP business commercializing its Mears Silicon Technology (MST) for the $700+ billion semiconductor industry, targeting power, RF/SOI and advanced CMOS applications and licensing…
Earnings analysis · 10-Q
ATOM earnings analysis
Filed May 5, 2026 · Our reading of the company's report
The latest report
Atomera reported disappointing Q1 2026 results with a total revenue of $11,000, significantly missing estimates of $80,000. The diluted EPS of -$0.17 also fell short of the expected -$0.14, reflecting continued…
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Atomera reported disappointing Q1 2026 results with a total revenue of $11,000, significantly missing estimates of $80,000. The diluted EPS of -$0.17 also fell short of the expected -$0.14, reflecting continued challenges in generating revenue despite a stable cash position from recent capital raises.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.17
What stood out
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Significant Revenue Miss
Revenue for Q1 2026 was only $11,000, missing estimates of $80,000 by an 86.3% margin.
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Increased Operating Expenses
Operating expenses increased to approximately $6.2 million from $5.5 million in Q1 2025, a rise of about 12.7%.
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Liquidity Improvement
Net proceeds from equity raises were approximately $26.6 million, bolstering cash reserves to $41.1 million as of March 31, 2026.
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Deteriorating Gross Margin
Gross margin declined, reflecting revenue generation challenges, as revenue was $11,000 with $126,000 in costs incurred.
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R&D Investment Growth
R&D expenses increased by 6%, reaching $3.5 million, driven primarily by rising payroll and benefits costs.
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Lower Interest Expense
Interest expense decreased to approximately $4,000 from $21,000 in Q1 2025, indicating improved financing conditions.
What to watch
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Continued Operating Losses
The company reported a net loss of $6.1 million, reflecting ongoing financial instability.
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Poor Revenue Trajectory
Revenue for Q1 2026 was significantly lower than the previous year, indicating troubling trends in customer demand.
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Market Acceptance Risks
The ongoing commercialization of Mears Silicon Technology faces uncertainty regarding its acceptance in the industry.
Management's outlook
Outlook deferred to earnings press release / call.
Earlier filings 4
10-Q · May 8, 2025
Atomera reported Q1 2025 revenue of $4,000 and GAAP net loss of $5.209 million (loss per share $0.17), with revenue down sharply vs. Q1 2024 ($18,000). Operating loss widened to $5.463 million and operating cash flow…
10-Q · July 30, 2024
Atomera recognized its first meaningful revenue in the quarter: $72,000 (reported as $72 in thousands) and reduced operating losses versus the prior year quarter. Net loss for Q2 was $4,361,000 (reported as $4,361 in…
10-Q · April 30, 2024
Atomera reported Q1 revenue of $18,000 and a net loss of $4,822,000 (diluted EPS $(0.19)), compared with revenue $0 and net loss $5,019,000 (EPS $(0.21)) in Q1 2023. Gross margin was a loss of $15,000 (‑83.3%) and loss…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.