Atomera Incorporated (NASDAQ: ATOM) closed with decline of -0.20% to $5.03. Recent traded volume was 22,879 shares versus to it an average volume of 73,560 shares. The company holds 17.04M shares outstanding and market cap of 77.117M. The stock’s day range was recorded between a low of $4.92 and a high $5.08. The one year high of the company is $6.45 and the one year low is $2.33.

Atomera Incorporated (NASDAQ: ATOM), recently provided a corporate update and reported financial results for the first quarter ended March 31, 2019.

First Quarter 2019 Financial Results

During the first quarter of 2019, revenue was $71,000, contrast with no revenue in the first quarter of 2018.   The Company incurred a net loss of $3.5M, or ($0.24) per basic and diluted share, in the first quarter of 2019, contrast to a net loss of $3.0M, or ($0.26) per basic and diluted share, for the first quarter of 2018.  Adjusted EBITDA (a non-GAAP financial measure) in the first quarter of 2019 was a loss of $2.9M contrast to an adjusted EBITDA loss of $2.6M in the first quarter of 2018.

The Company had $15.1M in cash and cash equivalents as of March 31, 2019, contrast to $18.9M as of December 31, 2018.

The total number of shares outstanding was 15.3M as of March 31, 2019.

Company Highlights

• Reported a 50% performance improvement for 5V analog devices using MST as detailed in a contemporaneous release.
• Increased total number of engagements to 22 at 17 consumers
• Continued to recognize license revenue from integration licenses