Atomera Incorporated announced its financial results for the fourth quarter and fiscal year ended December 31, 2024. For the full fiscal year 2024, the company reported a net loss of US$18.4 million, which represents a narrowing of the loss by 6.8% compared to a US$0.80 loss per share in fiscal year 2023. This indicates ongoing investment in its technology development.
The company highlighted continued progress toward commercialization at STMicroelectronics, a key strategic partner. Atomera also noted expanded offerings for gate-all-around products, which are foundational technologies for advanced AI devices. These developments are crucial as the semiconductor industry moves towards more advanced nodes.
Management commentary from Scott Bibaud, President and CEO, emphasized newly initiated development efforts with two large customers. He stated that recent progress with these customers has reinforced the attractiveness of Mears Silicon Technology (MST) in solving difficult problems for semiconductor companies, which is essential for licensing and production. These engagements are vital for Atomera's long-term revenue generation strategy.
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