Atomera Incorporated: Atomera Provides Second Quarter 2026 Results

LOS GATOS, Calif., Aug. 4, 2026 /PRNewswire/ -- Atomera Incorporated (NASDAQ: ATOM), a semiconductor materials and technology licensing company, today provided a corporate update and announced financial results for the second quarter ended June 30, 2026.

Recent Company Highlights

• Announced a new approach to GaN-on-Silicon that addresses a key performance barrier for RF applications
• Continued strong progress with GAA customers
• Growing interest from DRAM and flash memory providers

Management Commentary

"This quarter Atomera made excellent progress with customer engagements across our key target markets, in particular the advanced logic and memory segments where AI is creating the need for further performance improvements," said Scott Bibaud, president and CEO of Atomera. "In the past, RF designers have avoided using GaN for high volume applications because of the high cost and complexity of working with GaN on Silicon Carbide. Our breakthrough results with RF GaN on silicon have the potential to enable an entirely new class of RF devices which can now take advantage of the performance improvements GaN provides with the low cost of silicon substrates."

Financial Results

The Company incurred a net loss of ($6.3) million, or ($0.17) per basic and diluted share in the second quarter of 2026, compared to a net loss of ($5.0) million, or ($0.17) per basic and diluted share, for the second quarter of 2025. Adjusted EBITDA (a non-GAAP financial measure) in the second quarter of 2026 was a loss of ($5.0) million compared to an adjusted EBITDA loss of ($4.0) million in the second quarter of 2025.

The Company had $38.4 million in cash, cash equivalents, and short-term investment as of June 30, 2026 compared to $19.2 million of cash and cash equivalents as of December 31, 2025.

The total number of shares outstanding was 39.0 million as of June 30, 2026.

Second Quarter 2026 Results Webinar

Atomera will host a live video webinar today to discuss its financial results and recent progress.
Date: Tuesday, Aug. 4, 2026
Time: 2:00 p.m. PT (5:00 p.m. ET)
Webcast: Accessible at https://ir.atomera.com

Note about Non-GAAP Financial Measures
In addition to the unaudited results presented in accordance with generally accepted accounting principles, or GAAP, in this press release, Atomera presents adjusted EBITDA, which is a non-GAAP financial measure. Adjusted EBITDA is determined by taking net loss and eliminating the impacts of interest, depreciation, amortization and stock-based compensation. Our definition of adjusted EBITDA may not be comparable to the definitions of similarly-titled measures used by other companies. We believe that this non-GAAP financial measure, viewed in addition to and not in lieu of our reported GAAP results, provides useful information to investors by providing a more focused measure of operating results. This metric is used as part of the Company's internal reporting to evaluate its operations and the performance of senior management. A table reconciling this measure to the comparable GAAP measure is available in the accompanying financial tables below.

About Atomera Incorporated
Atomera Incorporated is a semiconductor materials and technology licensing company focused on deploying its proprietary, silicon-proven technology into the semiconductor industry. Atomera has developed Mears Silicon Technology (MST^®), which increases performance and power efficiency in semiconductor transistors. MST can be implemented using equipment already deployed in semiconductor manufacturing facilities and is complementary to other nano-scaling technologies already in the semiconductor industry roadmap. More information can be found at www.atomera.com.

Safe Harbor
This press release contains forward-looking statements concerning Atomera Incorporated, including statements regarding the prospects for the semiconductor industry generally and the ability of our MST technology to significantly improve semiconductor performance. Those forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results to differ materially. Among those factors are: (1) the fact that, to date, we have only recognized minimal engineering services and licensing revenues thus subjecting us to all the risks inherent in an early-stage enterprise; (2) the risk that licensees or JDA customers do not advance to royalty-based manufacturing and distribution licenses; (3) our ability to add other licensees and/or JDA customers; (4) risks related to our ability to raise sufficient capital, as and when needed, to pursue the further development, licensing and commercialization of our MST technology; (5) our ability to protect our proprietary technology, trade secrets and know-how and (6) those other risks disclosed in the section "Risk Factors" included in our Annual Report on Form 10-K filed with the SEC on February 24, 2026. We caution readers not to place undue reliance on any forward-looking statements. We do not undertake, and specifically disclaim any obligation, to update or revise such statements to reflect new circumstances or unanticipated events as they occur.

-- Financial Tables Follow -

Atomera Incorporated Condensed Balance Sheets (in thousands, except per share data)
		June 30,				December 31,
		2026				2025
			(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents		$	15,146			$	19,210
Short-term investments			23,206				-
Interest receivable			58				54
Prepaid expenses and other current assets			542				338
Total current assets			38,952				19,602
Property and equipment, net			59				60
Security deposit			14				14
Operating lease right-of-use asset			1,128				884
Financing lease right-of-use-asset			70				533
Total assets		$	40,223			$	21,093
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable		$	569			$	608
Accrued expenses			297				168
Accrued payroll related expenses			1,118				650
Current operating lease liability			304				147
Current financing lease liability			-				420
Deferred Revenue			-				7
Total current liabilities			2,288				2,000
Long-term operating lease liability			860				712
Total liabilities			3,148				2,712
Commitments and contingencies			-				-
Stockholders' equity:			-				-
Preferred stock $0.001 par value, authorized 2,500 shares; none issued and outstanding as of June 30, 2026 and December 31, 2025
Common stock: $0.001 par value, authorized 47,500 shares; 39,024 shares issued and outstanding as of June 30, 2026; and 32,354 shares issued and outstanding as of December 31, 2025			39				32
Additional paid in capital			291,157				260,043
Other comprehensive income (loss)			(18)				-
Accumulated deficit			(254,103)				(241,694)
Total stockholders' equity			37,075				18,381
Total liabilities and stockholders' equity		$	40,223			$	21,093

Atomera Incorporated Condensed Statements of Operations (Unaudited) (in thousands, except per share data)
	Three Months Ended																										Six Months Ended
		June 30,							March 31,								June 30,										June 30,
		2026							2026								2025										2026							2025
Revenue		$	158						$		11						$	-									$	169							$		4
Cost of revenue			(26)								(126)							(62)										(152)									(62)
Gross margin			132								(115)							(62)										17									(58)
Operating expenses
Research and development			3,287								3,457							3,004										6,744									6,259
General and administrative			3,167								2,333							2,048										5,500									4,136
Selling and marketing			437								419							141										856									265
Total operating expenses			6,891								6,209							5,193										13,100									10,660
Loss from operations			(6,759)								(6,324)							(5,255)										(13,083)									(10,718)
Other income (expense)
Interest income			172								197							234										369									504
Accretion income			178								57							-										235									6
Interest expense			(1)								(4)							(18)										(5)									(39)
Other income, net			74								1							72										75									71
Total other income (expense), net			423								251							288										674									542
Net loss		$	(6,336)						$		(6,073)						$	(4,967)									$	(12,409)							$		(10,176)
Net loss per common share, basic and diluted		$	(0.17)						$		(0.17)						$	(0.17)									$	(0.34)							$		(0.34)
Weighted average number of common shares outstanding, basic and diluted			38,647								35,256							30,397										36,961									30,321

Atomera Incorporated Reconciliation to Non-GAAP EBITDA (Unaudited)
	Three Months Ended																								Six Months Ended
		June 30,							March 31,									June 30,							June 30,
		2026							2026									2025							2026								2025
Net loss (GAAP)		$	(6,336)						$				(6,073)					$	(4,967)						$	(12,409)						$			(10,176)
Depreciation and amortization			6										9						12							15									24
Stock-based compensation			1,741										1,406						1,278							3,147									2,287
Interest income			(172)										(197)						(234)							(369)									(504)
Accretion income			(178)										(57)						-							(235)									(6)
Interest expense			1										4						18							5									39
Other income, net			(74)										(1)						(72)							(75)									(71)
Net loss non-GAAP EBITDA		$	(5,012)						$				(4,909)					$	(3,965)						$	(9,921)						$			(8,407)

SOURCE Atomera Incorporated