ATOMHIGH SIGNALFINANCIAL10-K

ATOM experienced a dramatic 88% revenue collapse from $533K to $62K, causing gross profit to turn negative at -$256K.

The company's core business appears to be in severe distress with revenue nearly evaporating and the business now losing money on every dollar of sales. Despite raising additional equity (shares outstanding increased 26% from 30.7M to 38.7M), the company burned through $6.6M in cash and saw total assets decline 28%, indicating unsustainable cash consumption rates.

Comparing 2026-02-24 vs 2025-03-04View on EDGAR →
FINANCIAL ANALYSIS

ATOM's financial position deteriorated significantly across all metrics, with revenue collapsing 88% and gross profit turning deeply negative at -$256K. While the company reduced liabilities by 33% and interest expense declined, these improvements were overshadowed by a 26% cash burn ($25.8M to $19.2M) and 28% asset reduction despite apparent equity raises. The overall picture signals a company in financial distress with a failing business model that is rapidly consuming its remaining cash reserves.

FINANCIAL STATEMENT CHANGES
Gross Profit
P&L
-2233.3%
$12K→-$256K

Gross margin compression — rising input costs, pricing pressure, or unfavorable product mix shift.

Capital Expenditure
Cash Flow
+250%
$14K→$49K

Capital expenditure jumped 250% — major investment cycle underway; assess returns on deployment.

Revenue
P&L
-88.4%
$533K→$62K

Revenue declined 88.4% — significant demand weakness or market share loss warrants investigation.

Current Liabilities
Balance Sheet
-44.1%
$3.6M→$2.0M

Current liabilities reduced — improved short-term financial position and working capital health.

Total Liabilities
Balance Sheet
-33%
$4.0M→$2.7M

Liabilities reduced 33% — deleveraging improves balance sheet strength and financial flexibility.

Total Assets
Balance Sheet
-27.6%
$29.1M→$21.1M

Total assets contracted 27.6% — asset sales, write-downs, or balance sheet optimization underway.

Current Assets
Balance Sheet
-27.6%
$27.1M→$19.6M

Current assets declined 27.6% — monitor working capital adequacy and short-term liquidity.

Stockholders Equity
Balance Sheet
-26.7%
$25.1M→$18.4M

Equity decreased 26.7% — buybacks or losses reducing book value, monitor solvency ratios.

Cash & Equivalents
Balance Sheet
-25.5%
$25.8M→$19.2M

Cash decreased 25.5% — monitor burn rate and upcoming capital needs.

Interest Expense
P&L
-23.9%
$255K→$194K

Interest expense declined — debt repayment or refinancing at lower rates improving earnings quality.

LANGUAGE CHANGES
NEW — 2026-02-24
PRIOR — 2025-03-04
ADDED
As of February 24, 2026, there were 38,696,147 shares of the registrant s common stock outstanding.
Our lead technology, named Mears Silicon Technology , or MST , is a thin film of reengineered silicon.
MST provides multiple benefits to the semiconductor manufacturing process, enabling transistors to be made smaller, with increased speed, reliability and power efficiency.
In addition, we offer fee-based integration engineering services to customers evaluate the effects of MST as integrated into their manufacturing flow.
Typically we offer these services through paid evaluation arrangement, joint development agreements (JDAs) or integration license agreements.
+7 more — sign up free →
REMOVED
As of February 28, 2025, there were 30,703,865 shares of the registrant s common stock outstanding.
In addition, we offer fee-based engineering services to customers evaluating MST.
Our goal is that MSTcad licensing and engineering service arrangements will be tools that demonstrate the benefits of MST and will lead customers to enter into full commercial licenses.
An integration license that provides our customer the right to use MST technology (with MST film deposited for the customer by Atomera) in the manufacture of silicon wafers for internal testing and sampling; 2.
An R D license, which includes the rights granted in an integration license and grants our customer the rights to install MST on a tool in their fab and to manufacture MST-enabled products for internal use only; and 3.
+7 more — sign up free →
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