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Scott Bibaud, CEO and President of Atomera Inc (NASDAQ:ATOM), recently sold a portion of his holdings in the company. According to a recent SEC filing, Bibaud sold a total of 5,165 shares of Atomera’s common stock on March 3, 2025, at a price of $5.91 per share, totaling approximately $30,525. The stock, which currently trades at $6.01, has shown significant volatility with a 133% gain over the past six months, according to InvestingPro data.
These transactions were conducted to cover tax withholding obligations related to the vesting of restricted stock grants, as noted in the filing. Following these sales, Bibaud retains ownership of 533,818 shares in the semiconductor technology company, which currently has a market capitalization of $184.5 million. InvestingPro analysis indicates the stock is trading above its Fair Value, with 13 additional key insights available for subscribers.
In other recent news, Atomera Inc reported its fourth-quarter 2024 earnings, revealing a significant revenue miss. The company reported an earnings per share (EPS) of -$0.16, which met analyst expectations, but its revenue of $20,000 fell far short of the anticipated $500,000. For the full year, Atomera’s revenue reached $135,000, with a GAAP net loss of $18.4 million, a slight improvement from the $19.8 million loss in 2023. Operating expenses were reduced by $1.9 million to $19.3 million, indicating tighter cost controls. Despite these financial challenges, Atomera remains focused on advancing its semiconductor technologies and is exploring opportunities in the Gallium Nitride market. The company has also emphasized its strategic focus on expanding its patent portfolio and enhancing product offerings. In analyst coverage, Craig Hallum analyst Richard Shannon engaged with Atomera’s management, highlighting the company’s transformative opportunities and ongoing negotiations with potential customers. Atomera continues to work on customer engagements in advanced node and memory sectors, with efforts to integrate its technology into customer designs.
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