Cosmos

Apr 30, 2020

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Mar 31, 2020

Cosmos Q1 2020 Earnings Report

Atomera's financial results for Q1 2020 were announced, with a slight decrease in revenue compared to the previous year, but optimism remains for future progress.

Key Takeaways

Atomera Incorporated reported first quarter 2020 financial results, including revenue of $62,000 and a net loss of $3.6 million, or ($0.22) per share. The company's pipeline grew to a record level of 26 engagements with 19 customers. They had $11.4 million in cash and cash equivalents as of March 31, 2020.

Revenue was $62,000, compared to $71,000 in Q1 2019.

Net loss was $3.6 million, or ($0.22) per share, compared to a net loss of $3.5 million, or ($0.24) per share in Q1 2019.

Adjusted EBITDA loss was $2.9 million, consistent with Q1 2019.

Cash and cash equivalents totaled $11.4 million as of March 31, 2020.

Previous year: -$0.24

-8.3%