Atomera (NASDAQ:ATOM) Releases Earnings Results, Misses Expectations By $0.04 EPS

Atomera (NASDAQ:ATOM) released its earnings results on Wednesday. The technology company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.04), Yahoo Finance reports. The company had revenue of $0.02 million during the quarter.

Atomera Stock Performance

Shares of NASDAQ:ATOM traded up $0.05 during trading on Friday, reaching $4.50. 209,349 shares of the stock were exchanged, compared to its average volume of 244,063. The company has a current ratio of 6.78, a quick ratio of 5.35 and a debt-to-equity ratio of 0.08. The stock has a 50-day moving average price of $6.00 and a 200-day moving average price of $6.59. Atomera has a 12 month low of $3.68 and a 12 month high of $10.72.

Insider Activity at Atomera

In other Atomera news, CEO Scott A. Bibaud sold 8,027 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $6.20, for a total value of $49,767.40. Following the completion of the transaction, the chief executive officer now owns 346,810 shares of the company’s stock, valued at approximately $2,150,222. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders sold 17,518 shares of company stock worth $110,687. Company insiders own 13.00% of the company’s stock.

About Atomera

Atomera Incorporated engages in the developing, commercializing, and licensing proprietary processes and technologies for the semiconductor industry in North America and the Asia Pacific. The company's lead technology is the Mears Silicon Technology, a thin film of reengineered silicon that can be applied as a transistor channel enhancement to CMOS-type transistors.