2023 Q2 Form 10-Q Financial Statement

#000168316823002651 Filed on April 26, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $0.00 $0.00 $375.0K
YoY Change -100.0% -6.25%
Cost Of Revenue $0.00 $0.00 $81.00K
YoY Change -100.0%
Gross Profit $0.00 $0.00 $294.0K
YoY Change -100.0% -26.5%
Gross Profit Margin 78.4%
Selling, General & Admin $2.168M $2.131M $1.973M
YoY Change 7.65% 8.01% 10.84%
% of Gross Profit 671.09%
Research & Development $3.192M $3.036M $2.339M
YoY Change 31.2% 29.8% 4.89%
% of Gross Profit 795.58%
Depreciation & Amortization $310.0K $20.00K $20.00K
YoY Change 1531.58% 0.0% 100.0%
% of Gross Profit 6.8%
Operating Expenses $5.360M $5.167M $4.312M
YoY Change 20.53% 19.83% 7.53%
Operating Profit -$5.360M -$5.167M -$4.018M
YoY Change 20.53% 28.6% 11.3%
Interest Expense $101.0K $53.00K -$68.00K
YoY Change 46.38% -177.94%
% of Operating Profit
Other Income/Expense, Net $107.0K $148.0K -$68.00K
YoY Change -414.71% -317.65%
Pretax Income -$5.152M -$5.019M -$4.086M
YoY Change 14.97% 22.83% 13.19%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$5.152M -$5.019M -$4.086M
YoY Change 14.97% 22.83% 12.87%
Net Earnings / Revenue -1089.6%
Basic Earnings Per Share -$0.21 -$0.21 -$0.18
Diluted Earnings Per Share -$0.21 -$0.21 -$178.8K
COMMON SHARES
Basic Shares Outstanding 24.41M shares 23.97M shares 22.85M shares
Diluted Shares Outstanding 24.68M shares 23.66M shares 22.85M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $23.84M $17.05M $24.45M
YoY Change 9.14% -30.26% -33.45%
Cash & Equivalents $12.90M $12.12M $24.45M
Short-Term Investments $10.93M $4.934M
Other Short-Term Assets $650.0K $303.0K $846.0K
YoY Change 0.0% -64.18% 4.44%
Inventory
Prepaid Expenses
Receivables $300.0K
Other Receivables $0.00
Total Short-Term Assets $24.54M $17.36M $25.60M
YoY Change 9.1% -32.2% -31.96%
LONG-TERM ASSETS
Property, Plant & Equipment $4.349M $153.0K $6.574M
YoY Change 2371.02% -97.67% 443.31%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $105.0K $105.0K $105.0K
YoY Change 0.0% 0.0% -77.17%
Total Long-Term Assets $4.454M $4.780M $6.679M
YoY Change -29.23% -28.43% 299.94%
TOTAL ASSETS
Total Short-Term Assets $24.54M $17.36M $25.60M
Total Long-Term Assets $4.454M $4.780M $6.679M
Total Assets $28.99M $22.14M $32.28M
YoY Change 0.72% -31.42% -17.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $562.0K $423.0K $380.0K
YoY Change 29.49% 11.32% -25.49%
Accrued Expenses $1.055M $242.0K $718.0K
YoY Change 395.31% -66.3% 5.59%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.357M $1.240M $1.396M
YoY Change -2.72% -11.17%
Total Short-Term Liabilities $2.974M $2.444M $2.494M
YoY Change 6.4% -2.0% 109.58%
LONG-TERM LIABILITIES
Long-Term Debt $2.376M $2.683M $3.870M
YoY Change -33.61% -30.67%
Other Long-Term Liabilities $400.0K $475.0K $725.0K
YoY Change -39.21% -34.48% -18.54%
Total Long-Term Liabilities $2.776M $3.158M $4.595M
YoY Change -34.48% -31.27% 416.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.974M $2.444M $2.494M
Total Long-Term Liabilities $2.776M $3.158M $4.595M
Total Liabilities $5.750M $5.602M $7.089M
YoY Change -18.23% -20.98% 240.82%
SHAREHOLDERS EQUITY
Retained Earnings -$193.5M -$188.3M
YoY Change 10.92%
Common Stock $216.7M $204.8M
YoY Change 10.47%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $23.24M $16.53M $25.19M
YoY Change
Total Liabilities & Shareholders Equity $28.99M $22.14M $32.28M
YoY Change 0.72% -31.42% -17.85%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income -$5.152M -$5.019M -$4.086M
YoY Change 14.97% 22.83% 12.87%
Depreciation, Depletion And Amortization $310.0K $20.00K $20.00K
YoY Change 1531.58% 0.0% 100.0%
Cash From Operating Activities -$3.938M -$4.234M -$4.111M
YoY Change 57.27% 2.99% 4.34%
INVESTING ACTIVITIES
Capital Expenditures $3.000K $15.00K -$16.00K
YoY Change -200.0% -193.75% -20.0%
Acquisitions
YoY Change
Other Investing Activities -$5.911M -$4.942M
YoY Change
Cash From Investing Activities -$5.914M -$4.957M -$16.00K
YoY Change 197033.33% 30881.25% -20.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 10.64M $125.0K -121.0K
YoY Change -10135.85% -203.31% -104.38%
NET CHANGE
Cash From Operating Activities -3.938M -$4.234M -4.111M
Cash From Investing Activities -5.914M -$4.957M -16.00K
Cash From Financing Activities 10.64M $125.0K -121.0K
Net Change In Cash 786.0K -$9.066M -4.248M
YoY Change -130.08% 113.42% 254.0%
FREE CASH FLOW
Cash From Operating Activities -$3.938M -$4.234M -$4.111M
Capital Expenditures $3.000K $15.00K -$16.00K
Free Cash Flow -$3.941M -$4.249M -$4.095M
YoY Change 57.58% 3.76% 4.46%

Facts In Submission

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4942000 usd
CY2022Q1 atom Purchase Of Availableforsale Securities
PurchaseOfAvailableforsaleSecurities
-0 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4957000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-16000 usd
CY2023Q1 atom Proceeds From At The Market Sale Of Stock
ProceedsFromAtTheMarketSaleOfStock
274000 usd
CY2022Q1 atom Proceeds From At The Market Sale Of Stock
ProceedsFromAtTheMarketSaleOfStock
0 usd
CY2023Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
39000 usd
CY2022Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
166000 usd
CY2023Q1 atom Payments On Principal Of Financing Lease
PaymentsOnPrincipalOfFinancingLease
188000 usd
CY2022Q1 atom Payments On Principal Of Financing Lease
PaymentsOnPrincipalOfFinancingLease
287000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
125000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-121000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-9066000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-4248000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
21184000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12118000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
24451000 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
53000 usd
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
71000 usd
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2023Q1 us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_804_eus-gaap--NatureOfOperations_zzVabXXlY6U9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 48px"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>1.</b></span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_827_zMFcbC2huks7">NATURE OF OPERATIONS</span></b></span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Atomera Incorporated (“Atomera” or the “Company”) was incorporated in the state of Delaware in March 2007 under the name MEARS Technologies, Inc. and is engaged in the development, commercialization and licensing of proprietary processes and technologies for the semiconductor industry. On January 12, 2016, the Company changed its name to Atomera Incorporated.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Atomera is an early-stage company, having only recently begun limited revenue-generating activities, and is devoting substantially all its efforts toward technology research and development and to commercially licensing its technology to designers and manufacturers of integrated circuits.</p>
CY2023Q1 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
17100000 usd
CY2023Q1 atom Working Capital
WorkingCapital
14900000 usd
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 usd
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 usd
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0525 pure
CY2023Q1 us-gaap Interest Receivable
InterestReceivable
46000 usd
CY2022Q4 us-gaap Interest Receivable
InterestReceivable
0 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
0 usd
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
375000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
0 usd
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
375000 usd
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3956000 shares
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3502000 shares
CY2023Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0525 pure
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y10M24D
CY2023Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y3M18D
CY2023Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
291000 usd
CY2022Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
319000 usd
CY2023Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
53000 usd
CY2022Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
71000 usd
CY2023Q1 us-gaap Lease Cost
LeaseCost
344000 usd
CY2022Q1 us-gaap Lease Cost
LeaseCost
390000 usd
CY2023Q1 atom Fixed Lease Costs
FixedLeaseCosts
62000 usd
CY2022Q1 atom Fixed Lease Costs
FixedLeaseCosts
62000 usd
CY2023Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
297000 usd
CY2022Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
11000 usd
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
359000 usd
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
73000 usd
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
56000 usd
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
54000 usd
CY2023Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
241000 usd
CY2022Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
359000 usd
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
927000 usd
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
726000 usd
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
375000 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
297000 shares

Files In Submission

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0001683168-23-002651-index-headers.html Edgar Link pending
0001683168-23-002651-index.html Edgar Link pending
0001683168-23-002651.txt Edgar Link pending
0001683168-23-002651-xbrl.zip Edgar Link pending
atom-20230331.xsd Edgar Link pending
atomera_ex3101.htm Edgar Link pending
atomera_ex3102.htm Edgar Link pending
atomera_ex3201.htm Edgar Link pending
atomera_i10q-33123.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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atom-20230331_cal.xml Edgar Link unprocessable
atom-20230331_lab.xml Edgar Link unprocessable
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atom-20230331_def.xml Edgar Link unprocessable
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atomera_i10q-33123_htm.xml Edgar Link completed
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