Atomera Inc. Sees Strong Customer Interest and Growth in Semiconductor Market
Friday, 26 April 2024, 06:00
Atomera Inc. Q1 2024 Earnings Call Transcript
Atomera reports significant progress in customer engagements, particularly with STMicroelectronics, aiming for production releases. The company sees ongoing discussions with multiple customers for licensing and Joint Development Agreements.
Customer Activity and Market Overview
- The semiconductor industry modestly growing, led by companies focusing on AI technologies.
- Storage Memory segment showing growth post contraction in 2023.
Opportunities and Strategies
- Initial Customer progress with STMicroelectronics showing promise for revenue and growth.
- Focus on developing licenses and Joint Development Agreements to expand customer base.
Financial Outlook: Atomera reports reduced GAAP net loss and improving revenues. Our expanded efforts in research and partnerships position us for significant growth.
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