Atomera (ATOM) Tops Q3 EPS by 2c

October 29, 2020 4:53 PM

Atomera (NASDAQ: ATOM) reported Q3 EPS of ($0.19), $0.02 better than the analyst estimate of ($0.21). Revenue for the quarter came in at $0 versus the consensus estimate of $100 thousand.

“Atomera made excellent progress on customer and R&D developments in the third quarter,” said Scott Bibaud, President and CEO. “We believe we are drawing closer to a joint development agreement encompassing development, licensing and manufacturing, which we believe will decrease the time to commercialization of MST. As our 300mm wafer deposition capability comes online, paired with our new TCAD capabilities, we believe we are poised to accelerate customers’ time to production. With our ATM facility, we strengthened the balance sheet and positioned the Company for the next phase of growth.”

For earnings history and earnings-related data on Atomera (ATOM) click here.

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