Atomera Raises $25M, Cash Rises to $41.1M as MST Enters GAA Evaluation
Atomera incurred a $6.1M net loss in Q1 2026, up from $5.2M a year earlier, while adjusted EBITDA loss widened to $4.9M. The company raised $25M through a registered direct offering, boosting cash to $41.1M as it advances MST in GAA evaluation and expands GaN into RF.
1. First Quarter Financial Results
Atomera reported a net loss of $6.1M, or $0.17 per share, in Q1 2026 compared with a $5.2M loss, or $0.14 per share, in Q1 2025. Adjusted EBITDA loss widened to $4.9M from $4.4M a year ago, reflecting higher R&D and operating expenses as the company scales licensing efforts.
2. Technology and Market Developments
MST in Gate-All-Around transistor structures has entered the customer evaluation phase, engaging a second GAA manufacturer of the four industry leaders. The firm also expanded its GaN technology into RF applications, targeting enhanced performance on larger-diameter wafers and aiming to grow its total addressable market.
3. Capital Raise and Balance Sheet
Atomera closed a $25M registered direct offering of common stock, bringing its cash, cash equivalents and short-term investments to $41.1M as of March 31, 2026, up from $19.2M at year-end 2025. This strengthened position supports continued technology development and customer engagements.