The following is a summary of the Atomera, Inc. (ATOM) Q4 2023 Earnings Call Transcript:

Financial Performance:

• Atomera reported full-year revenue in 2023 of $550,000 and a GAAP net loss of $19.8 million or $0.80 per share.

• GAAP operating expenses increased to $21.2 million in 2023, primarily due to a $2.5 million increase in R&D expenses.

• Higher interest rates on cash and short-term investments resulted in an increase in other income by $802,000 from 2022.

• Cash, cash equivalents and short-term investments balance at the end of 2023 amounted to $19.5 million.

Business Progress:

• Atomera achieved the first two milestones under the ST license agreement, bringing in revenue of $550,000.

• Despite needing to switch from TSI semiconductor to a new foundry, progress is being made in talks with replacement providers.

• Atomera's MST technology was installed at STMicro's facility, marking a key milestone.

• A commercial license agreement with STMicroelectronics has been established, validating their business model.

• Atomera is working closely with advanced node customers through R&D to develop films compatible with tiny process geometries and is actively seeking partnerships for a faster revenue integration process.

More details: Atomera IR

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