Atomera Incorporated (NASDAQ:ATOM) Q1 2024 Earnings Conference Call April 25, 2024 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

Mike Bishop

Hello, everyone and welcome to Atomera’s First Quarter Fiscal Year 2024 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 1 year. I am Mike Bishop with the company’s Investor Relations. As in prior quarters, we are using Zoom and we will follow a similar presentation 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’d 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, 2024. 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 regards 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 also posted to our website.

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

Scott Bibaud

Good afternoon and welcome to Atomera’s update call covering the first quarter of 2024. The past 3 months have seen more customer activity progressing to the proposal stage than any in our history. This unprecedented level of interest in our technology as a result of announced customer commercialization, widespread recognition of the efficacy of our MSC technology, and detailed solutions to these issues faced in today’s complex transistors. I will talk more about customer progress after a short comment on the semiconductor market.