Atomera Incorporated (NASDAQ:ATOM) Q1 2023 Earnings Conference Call April 26, 2023 5:00 PM ET

Company Participants

Mike Bishop – Investor Relations

Scott Bibaud – President and Chief Executive Officer

Frank Laurencio – Chief Financial Officer

Conference Call Participants

Richard Shannon – Craig-Hallum

Cody Acree – Benchmark

Mike Bishop

Hello, everyone, and welcome to Atomera's First Quarter Fiscal Year 2023 Update Call. I'd like to remind everyone that this call and webinar are being recorded, and a replay will be available on Atomera's IR website for one year. I'm Mike Bishop with the company's Investor Relations. As in prior quarters, we are using Zoom, and we will follow a similar format with participants in a listen-only mode. We will open with prepared remarks from Scott Bibaud, Atomera's President and CEO; and Frank Laurencio, Atomera's CFO. Then we will open the call to questions. If you are joining by telephone, you may follow a slide presentation to accompany our remarks on the Events and Presentations section of our Investor Relations page on our website.

Before we begin, I would like to remind everyone that during today's call, we will make forward-looking statements. These forward-looking statements, whether in prepared remarks or during the Q&A session, are subject to inherent risks and uncertainties. These risks and uncertainties are detailed in the Risk Factors section of our filings with the Securities and Exchange Commission, specifically in the company's annual report on Form 10-K filed with the SEC on February 15, 2023. Except as otherwise required by federal securities laws, Atomera disclaims any obligation to update or make revisions to such forward-looking statements contained herein or elsewhere to reflect changes in expectations with regard to those events, conditions and circumstances. Also, please note that during this call, we will be discussing non-GAAP financial measures as defined by SEC Regulation G. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures are included in today's press release, which is posted on our website.

And with that I would like to turn the call over to our President and CEO, Scott Bibaud. Go ahead, Scott.

Scott Bibaud

Thanks Mike. Good afternoon and welcome to Atomera's first quarter 2023 update call. Before we begin discussions on our Q1 progress, I'd like to highlight the announcement we made in the last hour about the agreement reached with STMicroelectronics. Last week, we completed negotiations with ST on our first full commercial license for the production and sale of devices using MST technology, and today the agreement was fully executed. As you know, ST is one of the world's largest independent device manufacturers with several strong market positions in a number of areas.