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Atomera Incorporated

ATOMTechnologyNASDAQ

Semiconductor Equipment & Materials

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Financials · Annual
Revenue
$65,000
-51.9% YoY
Net Income
-$20.2M
-9.4% YoY
EBITDA
-$18.9M
-11.4% YoY
Free Cash Flow
-$7.4M

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About Atomera Incorporated

Atomera Incorporated engages in the developing, commercializing, and licensing proprietary processes and technologies for the semiconductor industry in North America and Europe. At a $386.4M market cap, Atomera Incorporated ranks as a small-cap company within technology. The company's lead technology is the Mears Silicon Technology, a thin film of reengineered silicon that can be applied as a transistor channel enhancement to CMOS-type transistors.

Key stats
Market Cap$386.4M
Fwd P/E-18.83
EPS$-0.65
Beta2.01
52W Change+63.9%
ROE-65.9%
Analysis

With $41.1M in cash and $1.3M in debt, ATOM maintains more liquidity than leverage. This favorable balance sheet position can be an asset when capital markets become less accommodating. Free cash flow is running at -$7.4M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. ROE of -65.9% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has pulled back from $382K (2022) to $65K (2025), a 83% decline worth watching.

With a beta above 1.5, ATOM tends to amplify broader market moves — both up and down. This higher volatility means larger price swings are common. The strong cash position relative to debt provides a financial cushion that reduces balance sheet risk. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Atomera Incorporated and its sector.

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