Atomera Incorporated (ATOM) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Atomera Incorporated

NasdaqCM•Technology•Semiconductor Equipment & Materials

$3.87+0.03(0.01%)Pre-market

Market Cap

$153.82M

P/S

668.8x

P/B

4.1x

Atomera Incorporated engages in the developing, commercializing, and licensing proprietary processes and technologies for the semiconductor industry in North America and Europe. The company's lead technology is the Mears Silicon Technology, a thin film of reengineered silicon that can be applied as a transistor channel enhancement to CMOS-type transistors. Its customers include foundries, integrated device manufacturers, fabless semiconductor manufacturers, original equipment manufacturers, wafer manufacturers, and electronic design automation companies. Atomera Incorporated was formerly known as Mears Technologies, Inc. and changed its name to Atomera Incorporated in January 2016. The company was incorporated in 2001 and is headquartered in Los Gatos, California.

How this company scores

WeakMetricSide Score: 33/100

Grade capped at D — Interest coverage below 1× (-5872.0x) — earnings cannot cover interest. Strongest: Growth (13/25); weakest: Cash & Earnings Quality (4/25).

Profitability9/25

Growth13/25

Balance Sheet & Red Flags7/25

Cash & Earnings Quality4/25

Strengths

Growing revenueNet cash positionImproving margins

Grade capped at D

Interest coverage below 1× (-5872.0x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 668.8x5y range 108.9x – 31619.3x

Currently below its 19-quarter median.

P/B · 4.1x5y range 3.1x – 16.5x

Currently below its 19-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 8 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $153.82M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $230,000
Q. Revenue: $158,000
TTM EBITDA: $-23.43M
TTM Op. Income: $-23.49M
Q. Op. Income: $-6.76M
TTM Net Income: $-22.41M
Q. Net Income: $-6.34M
EPS: $-0.17
Shares Out.: $38.65M

$230,000 in TTM revenue grew 369.4% YoY, reaching $158,000 last quarter. TTM EBITDA of $-23.43M and TTM operating income of $-23.49M show growth is flowing through to the bottom line. However, net income is negative at $22.41M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 3 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 83.5%
EBITDA Margin: -4274.1%
Op. Margin: -4277.8%
Net Margin: -4010.1%

Op. margin of -4277.8% is up 525495722.2% YoY — cost efficiency is improving. Net margin at -4010.1% and gross margin of 83.5% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 100% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 668.8x
P/B Ratio: 4.1x

P/S of 668.8x and P/B of 4.1x. P/S is high, meaning growth expectations are priced in.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $40.22M
Cash: $15.15M
Long-Term Debt: N/A
Book Value: $37.08M
D/E Ratio: N/A
Debt/EBITDA: N/A

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-3.90M
TTM Free Cash Flow: $-15.14M
FCF Margin: -6582.2%
FCF / Net Income: 0.7

TTM FCF of $-15.14M on $-3.90M in operating cash flow. The FCF / Net Income ratio of 0.7x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is down 6% — a weakening trend.