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Atomera Inc

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Atomera Inc AI Insights

Informational only. Not investment advice.
As of 2025-12-12

Snapshot

  • Revenue TTM of 38K with -50% YoY decline; burning 14.7M cash annually against 20.3M cash balance - ~16 months runway[Free Cash Flow TTM]
  • R&D spend of 12.4M TTM is 326x revenue - pre-commercial IP licensing business with no product-market fit yet[Research and Development TTM]
  • P/S ratio of 1,941x vs industry median 3.0x - valuation entirely speculative on future licensing deals[P/S Ratio]

Watch Triggers

  • Cash and Equivalents: Falls below 10MWould signal imminent dilutive financing or strategic sale necessity
  • Total Revenue TTM: Exceeds 1M quarterlyFirst sign of commercial traction for MST licensing model
  • Issuance of Capital Stock: Exceeds 5M in any quarterSignals cash runway concerns and shareholder dilution

Bull Case

Clean balance sheet (debt/equity 0.04) with 20.3M cash provides optionality for single transformative licensing deal

Debt to EquityCash and Equivalents

MST technology IP in semiconductor space could attract strategic acquirer at premium to current 74M market cap

Market Cap TTMEnterprise Value

Bear Case

Revenue collapsed 50% YoY to 38K - licensing model failing to gain traction after years of development

Total Revenue TTMTotal Revenue 1yr Growth

Operating loss of 21.4M on 38K revenue; gross margin negative 434% - structurally unprofitable

Operating Income TTMGross Margin TTM

Bull vs Bear Balance

AI-generated sentiment analysis based on fundamental metrics and market conditions.

BearBull
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Forward Thesis

Cash runway exhaustion by mid-2027 will force dilutive raise or strategic exit

1-3yhigh
  • 14.7M annual cash burn vs 20.3M cash
  • Revenue declining 50% YoY
  • No path to profitability visible
FCF TTM: -14.7MCash: 20.3MRevenue TTM: 38K

Valuation Context

Caveats

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Fundamental company data provided by Morningstar, updated daily.

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