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Laurencio Francis, the Chief Financial Officer of Atomera Inc . (NASDAQ:ATOM), recently sold a portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Francis sold a total of 2,457 shares of common stock on March 3, 2025. The shares were sold at an average price of $5.91 each, resulting in a total transaction value of $14,520. The stock, currently trading at $6.01, has shown significant volatility with a 133% surge over the past six months, according to InvestingPro data.
The transactions were conducted to cover tax withholding obligations related to the vesting of restricted stock grants. Following these sales, Francis retains direct ownership of 185,809 shares in Atomera Inc. InvestingPro analysis indicates the company maintains strong liquidity with a current ratio of 7.58, though it currently appears overvalued based on Fair Value calculations.
Atomera, a company specializing in semiconductor technology, is based in Los Gatos, California. The company holds more cash than debt on its balance sheet, though analysts don’t expect profitability this year. Discover more insights with InvestingPro, which offers 13 additional investment tips for ATOM.
In other recent news, Atomera Inc. reported its fourth-quarter 2024 earnings, revealing a substantial revenue miss. The company reported a revenue of $20,000, significantly below the anticipated $500,000, while its earnings per share (EPS) of -$0.16 aligned with analyst expectations. For the full year, Atomera’s revenue was $135,000, with a GAAP net loss of $18.4 million, a slight improvement from a $19.8 million loss in 2023. Despite the financial setbacks, Atomera continues to focus on expanding its patent portfolio and enhancing product offerings. The company remains committed to advancing its semiconductor technologies, particularly in the areas of Gate All Around transistors and Gallium Nitride markets. Analysts raised concerns about stalled customer negotiations, which Atomera attributed to non-technological issues, emphasizing ongoing efforts to engage with advanced node and memory customers. Additionally, Atomera’s strategic focus includes exploring opportunities in the growing Gallium Nitride market, projected to expand significantly in the coming years.
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