Atomera Reports $158,000 Revenue in Q2 2026, Net Loss of $6.3 Million

Atomera Incorporated has reported its financial results for the second quarter of 2026, revealing a revenue of $158,000 for the three months ended June 30, 2026, compared to no revenue in the same period last year. For the first half of 2026, the company generated $169,000 in revenue, a significant increase from $4,000 in the first half of 2025. The cost of revenue for the second quarter was $26,000, leading to a gross profit of $132,000, a notable improvement from a gross loss of $62,000 in the prior year. Despite this revenue growth, Atomera reported a net loss of $6.3 million for the quarter, slightly higher than the $5.0 million loss recorded in the same period of 2025.

The company’s operating expenses increased to $6.9 million in the second quarter of 2026, up from $5.2 million in the same quarter of 2025. This rise was primarily driven by higher research and development costs, which totaled $3.3 million, reflecting a 9% increase year-over-year. General and administrative expenses also surged by 55% to $3.2 million, attributed to increased bonuses, stock-based compensation, and legal costs. Selling and marketing expenses saw a significant rise of 210%, reaching $437,000, largely due to increased headcount and related expenses.

In terms of strategic developments, Atomera completed a registered direct offering of 5 million shares at $5.00 per share in February 2026, generating approximately $23.6 million in net proceeds. Additionally, the company sold around 1.3 million shares under its 2025 at-the-market offering, yielding approximately $3.1 million in net proceeds. As of June 30, 2026, Atomera reported cash, cash equivalents, and short-term investments totaling approximately $38.4 million, with working capital of about $36.7 million, indicating a solid liquidity position to support ongoing operations.

Operationally, Atomera continues to focus on the development and commercialization of its proprietary Mears Silicon Technology (MST), which aims to enhance semiconductor manufacturing processes. The company has engaged with various customers, including foundries and integrated device manufacturers, to license its technology. The increase in customer engagement and revenue reflects a growing interest in MST, which is designed to improve the performance and efficiency of semiconductor devices.

Looking ahead, Atomera's management believes that the available working capital is sufficient to fund its operations for at least the next 12 months. However, the company acknowledges that its future capital requirements will depend on its ability to successfully commercialize its technology and generate revenue from licensing agreements. If revenue generation does not meet expectations, Atomera may need to seek additional funding through various financing sources or adjust its business strategy to ensure sustainability.