Atomera shares drop 12% after lower first-quarter revenue and wider loss
Updated
Updated · MarketWatch · May 6
Atomera shares drop 12% after lower first-quarter revenue and wider loss
7 articles · Updated · MarketWatch · May 6
The stock fell to $9.26 after quarterly revenue dropped to $11,000 from $50,000 a year earlier.
First-quarter net loss widened to $6.1 million, or 17 cents a share, from $4.4 million, or 14 cents a share, last year.
Atomera said it completed a $25 million equity raise during the quarter, lifting cash, cash equivalents and short-term investments to more than $41 million as of March 31.
Can Atomera's chip tech secure major deals before its $41 million in cash runs out?
Atomera's stock plummets while its tech advances. Is this a crisis or a prime buying opportunity?