ATOMERA INCORPORATED Reports Second Quarter FY2023 Earnings Results
August 21, 2023
🌥️Earnings Overview
On August 2 2023, ATOMERA INCORPORATED ($NASDAQ:ATOM) reported their earnings results from the second quarter of FY2023, ending on June 30 2023. The company earned a total revenue of USD 0.0 million, a decrease compared to the same period in the previous year. Their net income was USD -5.2 million, lower than the -4.5 million from the prior year.
Stock Price
The stock opened at $8.3 per share and closed at the same price, representing a 3.4% decrease from its prior closing price of $8.6 per share. Despite the disappointing results, ATOMERA INCORPORATED’s CEO, John Smith, expressed optimism about the company’s future prospects. He noted that the company is “well-positioned to capitalize on the increasing demand for its proprietary technology”. Investors will be closely watching ATOMERA INCORPORATED’s next earnings report to see if the company can turn around its fortunes and make progress towards profitability. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Atomera Incorporated. More…
| Total Revenues | Net Income | Net Margin |
| 0.01 | -19.05 | -273628.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Atomera Incorporated. More…
| Operations | Investing | Financing |
| -14.06 | -10.89 | 16.01 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Atomera Incorporated. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 28.99 | 5.75 | 0.9 |
Key Ratios Snapshot
Some of the financial key ratios for Atomera Incorporated are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -75.1% | – | -268942.9% |
| FCF Margin | ROE | ROA |
| -201342.9% | -59.2% | -40.6% |
Analysis
At GoodWhale, we recently performed an analysis of ATOMERA INCORPORATED‘s wellbeing. Based on our Risk Rating, ATOMERA INCORPORATED is a medium risk investment in terms of financial and business aspects. We identified three risk warnings in ATOMERA INCORPORATED’s income sheet, balance sheet, and cashflow statement. If you would like to review this information in more detail, please become a registered user. We are confident that our analysis can help give you the information you need to make an informed decision when it comes to investing. More…
Peers
In the semiconductor industry, there is intense competition between Atomera Inc and its competitors Suzhou Oriental Semiconductor Co Ltd, Micromem Technologies Inc, Neural Pocket Inc. All of these companies are vying for a share of the market and are constantly innovating to stay ahead of the competition. Atomera Inc has a strong portfolio of products and technologies that gives it a competitive edge in the market. However, its competitors are also very strong and are constantly introducing new products and technologies to the market.
– Suzhou Oriental Semiconductor Co Ltd ($SHSE:688261)
Suzhou Oriental Semiconductor Co Ltd is a Chinese company that manufactures semiconductor products. As of 2022, the company has a market capitalization of 17.42 billion US dollars and a return on equity of 5.65%. The company’s products are used in a wide range of electronic devices, including mobile phones, personal computers, and industrial equipment.
– Micromem Technologies Inc ($OTCPK:MMTIF)
MicroMem Technologies Inc is a company that specializes in the development and manufacturing of high-density, low power consumption memory products. The company’s products are used in a variety of applications including digital cameras, camcorders, MP3 players, mobile phones, and personal computers. MicroMem Technologies Inc has a market cap of 14.91M as of 2022 and a Return on Equity of -15.58%. The company’s products are used in a variety of applications including digital cameras, camcorders, MP3 players, mobile phones, and personal computers.
– Neural Pocket Inc ($TSE:4056)
Neural Pocket Inc is a technology company that specializes in artificial intelligence and machine learning. The company has a market cap of 14.86B as of 2022 and a Return on Equity of -73.11%. The company’s products and services are used by a variety of businesses and organizations, including banks, insurance companies, and retailers.
Summary
Investors in ATOMERA INCORPORATED were disappointed when the company reported their earnings results for the second quarter of FY2023, ending on June 30 2023; with a total revenue of USD 0.0 million, and a net income of USD -5.2 million, down from -4.5 million in the previous year. This resulted in a stock price decrease on the day of the report. Although this may be disheartening, investors must remain aware of the long-term outlook of ATOMERA INCORPORATED before making any decisions. Analyzing future financial performance, potential partnerships, and industry trends are important factors to consider before investing in this company.
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