Atomera Incorporated reported financial results for the first quarter ended March 31, 2022, with revenue of $375,000 and a net loss of $4.1 million, or $0.18 per basic and diluted share.
Revenue was $375,000, compared with $400,000 in the first quarter of 2021.
Net loss was ($4.1) million, or ($0.18) per basic and diluted share.
Adjusted EBITDA loss was ($3.3) million compared to an adjusted EBITDA loss of ($2.9) million in the first quarter of 2021.
Cash and cash equivalents were $24.5 million as of March 31, 2022.
Atomera continues to see broad industry recognition of the value of Atomera’s technology as a critical ingredient to address the challenges presented to the semiconductor industry in an environment of high future growth forecasts.
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