Advanced Node and Memory Engagement
Atomera has moved from general discussions to specific engagements with advanced node and memory customers, indicating a higher level of interest and pull from these segments.
STMicro Progress
STMicro is progressing well with design and manufacturability efforts, moving towards process qualification. This step, typically a nine-month process, will lead to production and revenue recognition.
GaN Market Opportunity
Gallium nitride is emerging as a major market opportunity, projected to be a $12 billion market in five years with a 26% annual growth rate. Atomera is hopeful for engagements following recent tests.
Revenue and Financial Stability
Revenue in 2024 was $135,000 with a GAAP net loss of $18.4 million, a decrease from the previous year's loss. Cash reserves increased to $26.8 million, strengthening the balance sheet.
New Customer Engagements
Atomera made progress with several new transformative customers, marking a major milestone in engagement and potential volume production.