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In a recent transaction, Robert J. Mears, Chief Technology Officer of Atomera Inc (NASDAQ:ATOM), sold 4,196 shares of the company’s common stock. The shares were sold at a price of $6.13 each, totaling approximately $25,721. The stock, currently trading at $5.28, has declined about 15% in the past week. According to InvestingPro analysis, the company appears undervalued despite recent market volatility. Following this transaction, Mears holds 197,409 shares directly. Additionally, there are 2,666 shares held indirectly by his spouse. This sale was part of a 10b5-1 plan, initially adopted on September 10, 2024, and later amended on March 12, 2025. The $164 million market cap company maintains a strong balance sheet with more cash than debt, and a healthy current ratio of 8.59. Discover more insights about ATOM and 1,400+ other stocks with InvestingPro’s comprehensive research reports.
In other recent news, Atomera Inc. reported a net loss of $5.2 million for Q1 2025, equating to a loss of $0.17 per share, which did not meet the analyst forecast of a $0.14 loss per share. Despite this, the company announced a new partnership with a major semiconductor equipment provider, aiming to advance its technological applications and strategic partnerships. Atomera’s operating expenses increased to $5.5 million, partly due to higher research and development costs, reflecting the company’s focus on expanding its technology applications. The company projected Q2 2025 revenue to be between $0 and $50,000, indicating potential short-term revenue challenges. However, Atomera remains optimistic about future deals with transformative customers and technological advancements. Additionally, Atomera continues to make progress in RF SOI and GaN technologies, which are areas of growing interest in the semiconductor industry. The company’s cash balance stood at $24.1 million as of March 31, 2025, providing a stable financial footing amid ongoing challenges. Analyst firm Craig Hallum noted the company’s efforts to enhance its strategic relationships, particularly with STMicro, across multiple product lines.
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