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Dec 31, 2020
Cosmos Q4 2020 Earnings Report
Atomera's financial results for Q4 2020 were announced, revealing a decrease in revenue and an increased net loss compared to the same period in 2019.
Key Takeaways
Atomera Incorporated reported a decrease in revenue to $0 and a net loss of $3.9 million for the fourth quarter of 2020. The company's cash and cash equivalents increased significantly year-over-year, and they completed an equity offering in early 2021 to further strengthen their balance sheet.
Revenue was $0, compared to $138,000 in Q4 2019.
Net loss was $3.9 million, or $0.19 per share, compared to a net loss of $3.0 million, or $0.18 per share in Q4 2019.
Adjusted EBITDA loss was $3.0 million, compared to an adjusted EBITDA loss of $2.4 million in Q4 2019.
Cash and cash equivalents totaled $37.9 million as of December 31, 2020, compared to $14.9 million as of December 31, 2019.
Forward Guidance
Atomera is starting 2021 in the strongest position in its history, according to CEO Scott Bibaud. The JDA marks a major milestone for Atomera, including a manufacturing license which will enable our customer to deposit MST film on its wafers in its own fab positioning them for fast integration and transition to production. The release of MSTcad V1.0 simplifies customer evaluation of MST, which should extend our reach to new customers and technologies and shorten time to revenue.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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