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LOS GATOS, CA—Robert J. Mears, Chief Technology Officer of Atomera Inc (NASDAQ:ATOM), has recently sold shares of the semiconductor and related devices company. The transaction comes as the stock trades at $6.01, with InvestingPro analysis indicating the shares are currently overvalued relative to their Fair Value. According to a Form 4 filing with the Securities and Exchange Commission, Mears sold a total of 4,828 shares over two days, March 3 and March 4, 2025. The sales were executed at prices ranging from $5.13 to $5.91 per share, amounting to a total transaction value of $26,463. This insider activity occurs as the stock has shown remarkable momentum, posting a 133% gain over the past six months, despite the company’s weak overall financial health score. For deeper insights into insider trading patterns and 13 additional ProTips, visit InvestingPro.
The transactions include sales on March 3 to cover tax withholding obligations related to the vesting of restricted stock grants, while the sale on March 4 was conducted under a pre-arranged Rule 10b5-1 trading plan. Following these transactions, Mears holds 205,142 shares directly and an additional 2,666 shares indirectly through his spouse. The $184 million market cap company maintains strong liquidity with a current ratio of 7.58, indicating robust short-term financial stability.
In other recent news, Atomera Inc reported a significant revenue shortfall for the fourth quarter of 2024, with earnings per share (EPS) meeting expectations at -$0.16. The company’s revenue came in at $20,000, far below the anticipated $500,000, highlighting challenges in revenue generation. Atomera’s full-year revenue for 2024 was $135,000, with a GAAP net loss of $18.4 million, showing a slight improvement from the previous year’s loss of $19.8 million. The company’s operating expenses decreased by $1.9 million to $19.3 million, reflecting tighter cost controls. On the analyst front, Atomera continues to draw attention from firms like Craig Hallen, which are evaluating its position in the semiconductor market. Despite the financial setbacks, Atomera remains committed to expanding its semiconductor technologies, particularly in areas like Gate All Around transistors and memory. The company is also exploring opportunities in the growing Gallium Nitride market. Atomera’s strategic focus remains on advancing its technology and expanding its patent portfolio.
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