Atomera Incorporated develops, commercializes, and licenses its unique materials, processes, and technologies for the semiconductor sector across North America and the Asia ...
Atomera Incorporated is a U.S.-based materials engineering company headquartered in Los Gatos, California, founded in 2001 by Robert J. Mears. The company specializes in the development, commercialization, and licensing of its proprietary Mears Silicon Technology (MST), a refined ultra-thin silicon film that enhances the transistor channel of CMOS-type devices, thereby improving performance and power efficiency. Atomera serves foundries, integrated device manufacturers, fabless semiconductor firms, OEMs, and electronic design automation companies across North America and the Asia-Pacific region.
Financially, Atomera is a pre-revenue company with a market cap around $210 million as of the latest data. It reported an enterprise value of approximately $196.6 million, and its financials show negative margins typical of an R&D-intensive startup: revenue per share is $0.006, net income per share is -$0.58, and key profitability ratios such as return on equity (-77.9%) and return on assets (-55.7%) are deeply negative. The company has a strong balance sheet with no debt (debt-to-equity ratio of 0.031) and a current ratio of 17.02, indicating ample liquidity. It holds about $0.99 cash per share.
Operationally, Atomera focuses on licensing its MST technology rather than manufacturing products, which aligns with its high research and development expenditure (55.6% of revenue) and sales, general, and administrative costs (45.7% of revenue). The company's business model involves embedding its technology into existing semiconductor processes to enhance transistor performance, targeting a market exceeding $450 billion.
Under the leadership of CEO Scott Bibaud, who has been president and CEO since October 2015, Atomera continues to advance its technology and expand its patent portfolio. With only 21 full-time employees, the company maintains a lean structure but possesses deep expertise in materials science and semiconductor engineering. Its long-term vision is to become a standard in advanced semiconductor manufacturing, enabling customers to achieve significant performance gains without major capital expenditures.
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