Robert J. Mears, Chief Technology Officer at Atomera Inc. (NASDAQ:ATOM), recently executed a stock sale as part of a pre-established trading plan. On December 10, Mears sold 2,628 shares of Atomera's common stock at a price of $7.56 per share, totaling approximately $19,867. According to InvestingPro data, ATOM has shown impressive momentum with an 88% return over the past six months, though current analysis suggests the stock is trading above its Fair Value. This transaction was conducted under a 10b5-1 plan, a pre-arranged trading strategy that allows insiders to sell stock at predetermined times.
In addition to the sale, on December 11, Mears exercised stock options to acquire 3,000 shares at a price of $3.90 each, totaling $11,700. Following these transactions, Mears holds 130,866 shares directly.
In other recent news, Atomera Incorporated reported a Q3 net loss of $4.6 million, an improvement from the previous year, and revenues of $22,000, a decrease from the prior quarter. Despite these financial results, the firm remains optimistic about its future growth, fueled by advancements in semiconductor technology and ongoing collaborations with industry leaders. Notably, Atomera anticipates high-margin royalties from its collaboration with STMicroelectronics on smart power products.
The company has also developed a 48-volt SPX technology aimed at improving data center efficiency. In addition, Atomera is actively pursuing funding opportunities under the CHIPS Act and is engaged in promising negotiations for Joint Development Agreements (JDAs) and licenses in the advanced node transistors and memory segments.
In terms of future expenditures, Atomera projects its full-year operating expenses for 2024 to be between $15.75 million and $16 million, with plans for increased investments in 2025. These recent developments highlight Atomera's commitment to innovation and strategic partnerships in the semiconductor market.
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