Atomera Incorporated has reported its financial results for the second quarter and first half of 2025, revealing a continued trend of limited revenue generation and ongoing operating losses. For the three months ended June 30, 2025, the company reported no revenue, a decrease from $72,000 in the same period of 2024. For the first half of 2025, revenue totaled $4,000, down from $90,000 in the prior year. The cost of revenue for both periods remained relatively stable at $62,000, indicating that the company continues to incur costs without corresponding revenue growth.
Operating expenses for Atomera increased to $5.2 million in the second quarter of 2025, compared to $4.6 million in the same quarter of 2024. This rise was primarily driven by higher research and development costs, which reached $3.0 million, up from $2.6 million year-over-year. The increase in R&D expenses was attributed to higher device fabrication costs and stock-based compensation. General and administrative expenses also rose to $2.0 million, reflecting increased stock-based compensation and legal fees. The company reported a net loss of $4.97 million for the second quarter of 2025, compared to a loss of $4.36 million in the same quarter of 2024.
In terms of strategic developments, Atomera has entered into a new Equity Distribution Agreement with Craig-Hallum Capital Group, allowing the company to raise up to $50 million through an at-the-market offering. During the second quarter, Atomera sold approximately 185,000 shares under this agreement, generating net proceeds of about $792,000. The company has also been focusing on its proprietary Mears Silicon Technology (MST), which it aims to commercialize through licensing agreements with semiconductor manufacturers.
Operationally, Atomera's cash and cash equivalents stood at approximately $22.0 million as of June 30, 2025, down from $25.8 million at the end of 2024. The company reported a working capital of approximately $20.0 million, indicating a stable liquidity position despite ongoing losses. Atomera's employee headcount has seen fluctuations, particularly in its sales and marketing department, which has been reduced, contributing to a decrease in related expenses.
Looking ahead, Atomera remains focused on advancing its technology and expanding its market presence. The company believes it has sufficient capital to fund its operations for at least the next 12 months, contingent on its ability to successfully commercialize its technology and secure additional collaborations. The management's outlook emphasizes the importance of achieving contractual milestones with existing partners to drive future revenue growth.
About Atomera Inc
Atomera Incorporated develops and licenses proprietary semiconductor performance enhancement technology, Mears Silicon Technology™ (MST), a thin silicon film that improves transistor speed, reliability, and power efficiency. Serving foundries, integrated device manufacturers, fabless companies, OEMs, and design automation firms, Atomera’s additive, low-cost MST integrates with existing manufacturing processes to enable advanced CMOS, power, RF, and memory devices, generating revenue through licensing fees and royalties.
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