Loading...
•
Jun 30, 2024
Cosmos Q2 2024 Earnings Report
Atomera reported financial results for the second quarter of 2024, showing a reduced net loss compared to the previous year.
Key Takeaways
Atomera reported a net loss of $4.4 million for Q2 2024, an improvement from the $5.2 million loss in Q2 2023. The company's cash, cash equivalents, and short-term investments totaled $18.3 million as of June 30, 2024.
Atomera continues to advance technology development and commercial proposals across targeted market segments.
The company's lead customer is progressing towards production.
New leadership in business development is expected to convert opportunities into license revenue.
Net loss decreased to $4.4 million, or $0.16 per share, compared to $5.2 million, or $0.21 per share, in Q2 2023.
Forward Guidance
Atomera continues to make good progress in technology development and commercial proposals across our targeted market segments, and with our lead customer on the path to production.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...