Earnings release
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Atomera Provides Third Quarter 2021 Results LOS GATOS , CA / ACCESSWIRE / October 28 , 2021 / Atomera Incorporated ( NASDAQ : ATOM ) , a semiconductor materials and technology licensing company , today provided a corporate update and announced financial results for the third quarter ended September 30 , 2021 . • Company reached formal acceptance of 200 and 300mm Epi deposition tool and facility • Patents issued and pending reached 298 as of September 30th Management Commentary " Atomera's strong benefits for power devices , RF products and advanced nodes devices have been confirmed through extensive testing and modeling , and our customers and partners are now seeing the data as our staff has been able to visit more customers in person over this last quarter , " said Scott Bibaud , President and CEO . " We have expanded our pipeline for future JDA customers , while our current JDA partner made progress toward production . We are confident we can help customers gain competitive advantages as the industry starts to exit this period of tight fab capacity and supply shortages , and enters a stage of robust investment in new production technologies and equipment . " Financial Results The Company incurred a net loss of ( $ 4.2 ) million , or ( $ 0.19 ) per basic and diluted share in the third quarter of 2021 , compared to a net loss of ( $ 3.6 ) million , or ( $ 0.19 ) per basic and diluted share , for the third quarter of 2020. Adjusted EBITDA ( a non - GAAP financial measure ) in the third quarter of 2021 was a loss of ( $ 3.6 ) million compared to an adjusted EBITDA loss of ( $ 2.7 ) million in the third quarter of 2020 . The Company had $ 31.8 million in cash and cash equivalents as of September 30 , 2021 , compared to $ 37.9 million as of December 31 , 2020 .