Atomera's Plans for Product Improvement and Competitive Landscape
2023-08-04
Atomera, a financial company, recently conducted a webinar as part of their earnings call meeting. The meeting included key participants such as the President and CEO, CFO, and analysts from Craig-Hallum Capital Group and The Benchmark Company.
During the call, Atomera discussed their plans for improving the quality of their products. They mentioned their intention to progress products through different stages of development and collaborate with JDA partners to better understand challenges and conduct experiments. Additionally, they expressed their interest in partnering with a foundry for data and a compelling plan.
The company acknowledged the evolving competitive landscape in their industry, particularly in relation to advanced nodes in DRAM. They recognized the expectations of potential customers who are accustomed to working with equipment manufacturers like Applied Materials, ASM, or Tokyo Electron. These customers expect to see a lot of data and wafer runs to demonstrate improvements. Atomera mentioned that they have their own epi tools and can perform epi work to prove technologies. However, for advanced nodes, they may need to contract with outside companies for expensive wafer-level work, which could increase costs. They expressed confidence in their business model and ability to leverage their small team and burn rate to generate significant business opportunities.
The company's outlook for the quarter/year was not explicitly mentioned in the provided information. However, it was suggested that they anticipate relatively stable expenses throughout the year based on the CEO's expected range for non-GAAP operating expense per quarter.
The participants of the Atomera webinar call included Mike Bishop, Scott Bibaud (President and Chief Executive Officer), Frank Laurencio (Chief Financial Officer), Richard Shannon (Analyst from Craig-Hallum Capital Group), and Cody Acree (Analyst from The Benchmark Company).
In conclusion, the earnings call meeting provided insights into Atomera's plans for product improvement and their perspective on the competitive landscape in their industry. While the company faces challenges in meeting customer expectations and staying ahead in advanced technologies, they remain confident in their business model and ability to capitalize on opportunities. The call meeting served as an opportunity for Atomera to share their progress and future prospects with key participants in the financial industry.