Atomera Incorporated reported its financial results for the third quarter of 2025, revealing a significant decline in revenue and an increase in operating losses compared to the same period in the previous year. The company generated revenue of $11,000 for the three months ended September 30, 2025, down from $22,000 in the same quarter of 2024. For the nine months ended September 30, 2025, revenue totaled $15,000, a decrease from $112,000 in the prior year. The gross loss margin for the third quarter was $(117,000), compared to a gross profit of $19,000 in the same quarter of 2024.
Operating expenses for Atomera increased to $5.7 million in the third quarter of 2025, up from $4.8 million in the same quarter of 2024. This rise was primarily driven by higher research and development costs, which reached $3.3 million, reflecting a 20% increase year-over-year. The company reported a net loss of $5.6 million for the third quarter, compared to a net loss of $4.6 million in the same period last year. For the nine-month period, the net loss was $15.7 million, up from $13.8 million in 2024.
In terms of strategic developments, Atomera has continued to focus on its proprietary Mears Silicon Technology™ (MST) and related software, MSTcad. The company has entered into an Equity Distribution Agreement with Craig-Hallum, allowing it to raise up to $50 million through at-the-market offerings. During the third quarter, Atomera sold approximately 393,000 shares at an average price of $5.23, generating approximately $2 million in net proceeds. The company has also seen an increase in its employee headcount, with a total of 31,510 shares of common stock outstanding as of September 30, 2025.
Despite the challenges in revenue generation, Atomera maintains a positive outlook regarding its liquidity. As of September 30, 2025, the company had cash and cash equivalents of approximately $20.3 million, which it believes 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 the competitive landscape of the semiconductor industry. Atomera's management is actively exploring various financing options to support its ongoing research and development initiatives.
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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