Atomera (ATOM) Stock Drops 19% This Month Amid Providing Second Quarter 2021 Results

The stock dropped from $21.92 to $17.62 in July. Over the month, it was dipping; then fell 19.61% and varied for ten days between $17.34 and $18.72. The stock is now open at $17.00. The general market capitalization is 393.711 million dollars.

Today Atomera Incorporated company which is licensing technology and semiconductor materials, presented renewed and published the second quarter’s financial results ended June 30, 2021. Two new principals were appointed to lead engineering and marketing/business development. Also, it has released a white paper that showed how to deal with industry problems at the most advanced productions nodes.CEO Scott Bibaud said the Q2 made colossal progress in More-that More focused technologies with MST-SP and RF-SOI while detailing how MST can be used under the latest productions.

In the second quarter of 2021, the Company suffered a loss of $3.7 million compared net loss of $3.8 million for the second quarter of 2020. Modified EBITDA  showed that June second quarter of 2021 was a loss of $2.9 million compared to EDITBA loss of $3.0 in the second quarter of 2020. The Company had in cash $34.3 million and cash equivalents as of June 30, 2021, compared to $37.9 million as of December 31, 2020. On June 30 2021overall number of shares was $23.1 million.

Marina Tomskaya

Reporter

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