Atomera anticipates higher Q4 revenue from tech licensing
Investing.com | Editor Ahmed Abdulazez Abdulkadir
Published Jan 10, 2024 09:16AM ET
LOS GATOS, CA - Atomera Incorporated (NASDAQ:ATOM), a company specializing in semiconductor materials and licensing technology, announced today an increase in its fourth-quarter 2023 revenue forecast to approximately $500,000. This revised figure surpasses the company's previous revenue guidance, which ranged from $300,000 to $350,000.
The upward revision comes after Atomera achieved a key revenue milestone in late December under its first commercial license agreement. This milestone was reached when the customer approved the MST (Mears Silicon Technology™) process following the successful validation of MST film deposition on an Epi tool within their facility. This acceptance indicates that the customer can now independently manufacture wafers with MST, which is expected to expedite development and shorten the timeline to mass production and subsequent royalties for Atomera.
Scott Bibaud, President and CEO of Atomera, stated, "Our first commercial licensee was able to complete installation of our technology and independently validate MST film quality just weeks after receiving our recipe." He noted that this development brings the licensee closer to the commercial distribution of MST-enabled products and demonstrates Atomera's role in enhancing transistor performance and advancing the semiconductor industry.
Atomera's MST technology is designed to improve performance and power efficiency in semiconductor transistors and can be integrated using existing semiconductor manufacturing equipment. The technology is positioned as complementary to other nano-scaling technologies within the industry's roadmap.
This news is based on a press release statement from Atomera Incorporated.
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