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Atomera Provides Fourth Quarter and Fiscal 2022 Results
LOS GATOS, CA / ACCESSWIRE / February / 15, 2023 / Atomera Incorporated (NASDAQ:ATOM), a semiconductor materials and technology licensing company, today
About this update from Atomera Incorporated
[{"type":"text","content":"LOS GATOS, CA / ACCESSWIRE / February / 15, 2023 / Atomera Incorporated (NASDAQ:ATOM), a semiconductor materials and technology licensing company, today provided a corporate update and announced financial results for the fourth quarter and fiscal year ended December 31, 2022.Recent Company HighlightsReleased a Whitepaper detailing Atomera's contribution to advanced node technologiesOne customer advanced into the integration phase (Phase Three)Announced collaboration with Arizona State University to enable R&D aimed at advancing semiconductor materialsManagement Commentary\"This point in the semiconductor industry cycle is ripe for Atomera to engage with customers on enhancing their process technologies and we are seeing a corresponding increase in customer interest,\" said Scott Bibaud, President and CEO. \"Recent efforts focused on technologies for the most advanced nodes have been garnering particularly strong interest from the industry.\"Financial ResultsThe Company incurred a net loss of ($4.3) million, or ($0.18) per basic and diluted share in the fourth quarter of 2022, compared to a net loss of ($4.2) million, or ($0.18) per basic and diluted share, for the fourth quarter of 2021. Adjusted EBITDA (a non-GAAP financial measure) in the fourth quarter of 2022 was a loss of ($3.5) million compared to an adjusted EBITDA loss of ($3.4) million in the fourth quarter of 2021.For fiscal year 2022, revenue was $382,000, compared with $400,000 in fiscal 2021. Net loss was ($17.4) million, or ($0.75) per basic and diluted share for fiscal 2022, compared to ($15.7) million, or ($0.70) per basic and diluted share in fiscal 2021. Adjusted EBITDA for fiscal 2022 was a loss of ($14.1) million compared to an adjusted EBITDA loss of ($12.5) million in fiscal 2021.The Company had $21.2 million in cash and cash equivalents as of December 31, 2022, compared to $28.7 million as of December 31, 2021.The total number of shares outstanding was 24.0 million as of December 31, 2022.Fourth Quarter and Fiscal Year 2022 Results WebinarAtomera will host a live video webinar today to discuss its financial results and recent progress. Date: Wednesday, Feb. 15, 2023Time: 2:00 p.m. PT (5:00 p.m. ET)Webcast: Accessible at https://ir.atomera.comNote about Non-GAAP Financial MeasuresIn addition to the unaudited results presented in accordance with generally a...