Los Gatos, California, USA, October 29th / PRNewswire / -- Atomera Incorporated (Nasdaq ticker: ATOM) is a semiconductor materials and technology licensing company that today announced its latest progress and released its financial results for the third quarter ending September 30, 2026.

Recent Company Highlights

• The number of customer contacts in the fully enclosed ( gate-all-around ) area has increased to three.
• Signed a joint development agreement with IQE to promote the market launch of high-performance, low-cost radio frequency gallium nitride (RF GaN) products
• Demonstrates a simpler and lower-cost method for implementing the next generation of DRAM transistors using MST.

Management Commentary

Atomera, President and CEO, Scott Bibaud stated: "This quarter, we have expanded our customer reach in the fields of advanced logic and storage, and artificial intelligence continues to drive the demand for higher transistor performance. Our breakthrough nanoscale diffusion barrier work in fully gate-surrounded transistors has not only attracted the interest of GAA wafer factories but also caught the attention of designers of next-generation storage solutions."

He stated, "Although the advancement of our traditional business is accelerating, we have also taken an important step towards the commercialization of token issuance solutions for GaN-on-sil by signing a joint development agreement with IQE. IQE is a leading supplier of compound semiconductor wafers."

Financial Performance

The company incurred a net loss of $6 million in the third quarter of 2026, equivalent to a basic and diluted loss of $0.15 per share; in the same period last year, the net loss was $5.6 million, or $0.17 per share. In the third quarter of 2026, after adjustments, the EBITDA (non-GAAP financial indicator) loss was $4.6 million, while in the third quarter of 2025, after adjustments, the EBITDA loss was $4.4 million.

As of September 30, 2026, the company held cash, cash equivalents, and short-term investments amounting to $34.8 million, compared to $19.2 million as of December 31, 2025.

As of September 30, 2026, the total number of outstanding shares of the company is 39.1 million.

2026 Third Quarter Performance Webinar

Atomera will be holding an online video webinar today to discuss its financial performance and latest developments.

Date: Thursday, October 29, 2026

Time: 2:00 PM Pacific Time (5:00 PM Eastern Time United States)

Live broadcast: Accessible via https :// ir.atomera.com.

Explanation regarding non-GAAP financial indicators

In addition to the unaudited financial results presented in this press release in accordance with generally accepted accounting principles ( GAAP ), Atomera also discloses the adjusted EBITDA , which is a non- GAAP financial indicator. The calculation method for the adjusted EBITDA is based on net loss, excluding the effects of interest, depreciation, amortization, and stock-based compensation. The company states that its definition of the adjusted EBITDA may not be completely comparable to the indicators with the same name used by other companies. The company believes that this non- GAAP financial indicator, when considered together with GAAP financial results, can provide investors with more focused information on operational performance. This indicator is also used within the company for internal reporting to assess business conditions and executive performance. A comparison table of this indicator with comparable GAAP indicators is provided in the financial statements attached below.

About Atomera Incorporated

Atomera Incorporated is a semiconductor materials and technology licensing company that focuses on deploying its proprietary technologies, which have been verified on silicon-based substrates, into the semiconductor industry. The company has developed the Mears Sil token issuance Technology ™ ( MST ®), which can enhance the performance and energy efficiency of semiconductor transistors. MST can be implemented using equipment already deployed in semiconductor manufacturing facilities and complements other nanoscale scaling technologies already present in the semiconductor industry roadmap. For more information, please refer to www.atomera.com.

Safe Harbor Statement

This press release contains forward-looking statements regarding Atomera Incorporated, including statements about the overall prospects of the semiconductor industry and the significant improvement in semiconductor performance capabilities provided by its MST technology. These forward-looking statements involve known and unknown risks, uncertainties, and other factors that may lead to material differences between actual results and the statements. These include: (1) As of now, the company has only achieved a small amount of engineering services and licensing revenue, therefore facing all the inherent risks of an early-stage enterprise; (2) The risk that licensees or JDA customers may not proceed to royalty-based manufacturing and distribution licensing; (3) The company's ability to add additional licensees and/or JDA customers; (4) The company's ability to raise sufficient capital when needed to advance the further development, licensing, and commercialization of MST technology; (5) The company's ability to protect its proprietary technology, trade secrets, and know-how; and (6) Other risks disclosed in the "Risk Factors" section of the company's 10-K annual report filed with the U.S. Securities and Exchange Commission on February 24, 2026. The company reminds readers not to rely too heavily on any forward-looking statements. The company assumes no obligation and explicitly denies the obligation to update or revise such statements due to new circumstances or unexpected events.

-- Financial statements are attached at the end --