Atomera Incorporated (NASDAQ:ATOM) Q2 2022 Earnings Conference Call August 2, 2022 5:00 PM ET

Company Participants

Mike Bishop - Investor Relations

Scott Bibaud - President and Chief Executive Officer, Board Director

Frank Laurencio - Chief Financial Officer

Conference Call Participants

Richard Shannon - Craig Hallum

Cody Acree - The Benchmark Company

Mike Bishop

Hello, everyone, and welcome to Atomera’s Second Quarter Fiscal Year 2022 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’ll follow a similar format with participants in a listen-only mode. We will open the call 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 & 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, 2022 and prospective supplement filed with SEC on May 31, 2022. 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.

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

Scott Bibaud

Good afternoon, and welcome to Atomera’s second quarter 2022 update call. Once again, we've had a very productive quarter with progress I look forward to sharing. Then after discussing how the newly passed Chips Act affects us, I'll turn the call over to Frank to review our financials and outlook. In the first quarter, we saw our existing customers reinvigorated by the ability to start new wafer runs as fab capacity started to open up. The second quarter was where new customer interest in projects with existing customers have really started to grow again.