Investment Thesis
Atomera is a development-stage semiconductor company with minimal revenue (11K) declining 51.9% YoY and severe operating losses of 6.3M annually, indicating failed commercialization. While the strong balance sheet (40.5M equity, minimal debt) provides near-term liquidity, the deteriorating top-line and substantial cash burn (4.6M annually) signal fundamental business challenges with no visible path to profitability.
Strengths
- Strong balance sheet with 40.5M stockholders equity and zero long-term debt
- Adequate cash reserves of 14.2M providing 2-3 years of operational runway
- Minimal financial leverage with 0.00x debt-to-equity ratio
Risks
- Minimal and declining revenue (11K with 51.9% YoY contraction) indicates failed product commercialization or market acceptance
- Severe operating cash burn of 4.6M annually with limited runway before dilutive capital raises required
- Catastrophic profitability metrics (-55K gross profit, -6.3M operating loss) with no evidence of near-term path to breakeven
Key Metrics to Watch
- Quarterly revenue growth rate and absolute revenue levels (need material positive inflection)
- Operating cash flow burn rate (must stabilize and trend toward positive)
- Gross margin progression (must turn positive, currently -1045.5%)
Financial Metrics
Revenue
11.0K
Net Income
-6.1M
EPS (Diluted)
$-0.17
Free Cash Flow
-4.6M
Total Assets
43.6M
Cash
14.2M
Profitability Ratios
Gross Margin
-1,045.5%
Operating Margin
-57,490.9%
Net Margin
-55,209.1%
ROE
-15.0%
ROA
-13.9%
FCF Margin
-41,881.8%
Balance Sheet & Liquidity
Current Ratio
19.34x
Quick Ratio
19.34x
Debt/Equity
0.00x
Debt/Assets
7.0%
Interest Coverage
-162.15x
Long-term Debt
N/A
Disclaimer: This analysis is generated by AI based on publicly available SEC EDGAR filings.
It does not include stock price data and should not be considered financial advice.
All fundamental data is sourced from SEC public domain filings.
Always conduct your own research before making investment decisions.
Data Source: SEC EDGAR |
Analysis Date: 2026-05-07T08:04:35.413163 |
Data as of: 2026-03-31 |
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