Atomera (ATOM): Facts and Figures as of 3/2/21

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Updated 3/2/2021

With today’s news that Atomera has completed their IP tech transfer and installation into one of the worlds largest multi-billion dollar fabs this signals the start of Phase 5(Qualification runs) followed by royalty generating production parts. In my experience this is a huge milestone for Atomera as this fab upgrade costs the customer $60m/node and they will not sign off on the tech transfer until the equipment is running perfectly. In fact I would expect that the sign off only happened after a full qualification run has been completed. There is no other way to verify it works. A full qualification run would take 2 months which is when the JDA was announced on January 5th. This fits the timetable and was probably the final piece to sign off on the tech transfer. I expect Phase 5 qualification to be 2 to 3 runs covering 6 months putting the fab possibly to be in production in late 2021. Keep in mind the JDA allows other nodes with this customer to skip phase 4 and go right into phase 5.

• Atomera (ATOM)
• 22.4m shares outstanding
• $37.9m in cash, no debt
• $14m/year burn rate
• 370 fabs and approx. 500 nodes potential
• Est. $64m/year royalties per node
• 13.70m(61%) held by Institutions/Insiders

Atomera is engaged in the business of developing, commercializing and licensing proprietary materials, processes and technologies for the $450+ billion semiconductor industry. We believe that by incorporating MST, transistors can be smaller, with increased speed, reliability and energy efficiency. We believe that MST can be widely incorporated into the most common types of semiconductor products, including analog, logic, optical and memory integrated circuits.

• Atomera shares outstanding 22.4m
• Insiders 3.1m or 13.8%
• Institutions holdings from 13f filings 10.6m or 47%
  • Blackrock Inc. 1.148 million up 148k
  • https://whalewisdom.com/stock/atmr
• 13.70m(61%) shares held by Institutions and Insiders
• Float 8.7m shares before retail estimate
• Estimate retail holdings 6-7m(guess)
• Estimated Float less than 2m after retail estimate
• Shares Short 2.2m(1/31), real time 2.8m
• Cash $37.9m burn rate $3.5m/qrt approx as of 12/31
• 269 patents with 26 patents issued in 2020 and 1 so far 2021
• 10 patent applications in 2020 pending issuement

• Atomera (ATOM) year end CC: CEO says 2021 is going to be a breakout year
• Here is a summary of the recent CC along with links to CC and transcript
• https://atomerastockreport.wordpress.com/2021/02/11/atomera-atom-year-end-cc-ceo-says-2021-is-going-to-be-a-breakout-year/

• Atomera (ATOM): Royalty potential is highest the industry will ever see
• Example of what just a few nodes out of the potential 500 nodes world wide can generate in terms of royalties.
• https://atomerastockreport.wordpress.com/2021/01/17/atomera-atom-royalty-potential-is-highest-the-industry-will-ever-see/

• What value is the Atomera ( ATOM ) IP to companies like Apple, Tesla, Synopsys, Applied Materials and SoftBank
• Target estimates of $100-150 in 2021 and $220 in 2022.
• https://atomerastockreport.wordpress.com/2021/01/09/what-value-is-the-atomera-atom-ip-to-companies-like-apple-tesla-synopsys-applied-materials-and-softbank/

• Atomera (ATOM): 61% of shares held by Institutions and Insiders after Q4 filings
• Here is a summary of all the recent 13f filings for the period ending 12/31/20
• https://atomerastockreport.wordpress.com/2021/02/17/atomera-atom-61-of-shares-held-by-institutions-and-insiders-after-q4-filings/

Any due diligence from this site is for entertainment only and not a solicitation to buy or sell Atomera stock. Any estimates are just examples of what is possible and should not be considered financial advise. I have not been compensated in any way and will never be compensated for my reports.

Atomera (ATOM): 61% of shares held by Institutions and Insiders after Q4 filings

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Every quarter I review all the current 13f filings and get an idea of who is buying. Since Q1 the number of 13f filings is up 3x from 23 in Q1 to 75 in Q4. Adding all the 13f filings there are now 10.473m shares accounted for and with insiders holding 3.1m shares approx. 61%(13.70m) of the 22.4m total outstanding shares can be accounted for as of 12/31. I suspect much of the buying in 2021 has been institutions given the increase in volume and price and we will see those filings in another 3 months. With $37.9m in cash and no need to sell shares the number of available shares is shrinking every day.

• 75(Q4) Institutions/13f filers now own shares up from 23(Q1)
• Institutions increased to 10.50 up from 10.173k(Q3)
• 46 Institutions bought/added shares in Q4 and only 25 sold

Atomera is engaged in the business of developing, commercializing and licensing proprietary materials, processes and technologies for the $450+ billion semiconductor industry. We believe that by incorporating MST, transistors can be smaller, with increased speed, reliability and energy efficiency. We believe that MST can be widely incorporated into the most common types of semiconductor products, including analog, logic, optical and memory integrated circuits.

• Atomera shares outstanding 22.4m
• Insiders 3.1m or 13.8%
• Institutions holdings from 13f filings 10.6m or 47%
  • Blackrock Inc. 1.148 million up 148k
  • Valley High Capital 1 million
  • Valley High Limited Capital 1 million
  • Peter Appel 871k down 500k
  • Vanguard 849k up 93k
  • Vulpes Innovative Technologies 743k
  • AWM Investment 578k down 90k
  • Hollencrest 556k up 41k
  • K2 Energy 520k
  • Susquehanna 300k up 214k
  • Geode Capital 271k up 46k
  • Statestreet Capital 245k up 29k
  • Citadel Advisors 240k up 120k
  • Avenir Corp 239k
  • Flagship Harbor 223k New 223k
  • Bard Associates 193k
  • Northern trust 188k
  • Sargent investment 152k up 7k
  • Sculptor Capital 124k up 61k
  • https://whalewisdom.com/stock/atmr
• 13.70m(61%) shares held by Institutions and Insiders
• Float 8.8m shares before retail estimate
• Estimate retail holdings 6-7m(guess)
• Estimated Float less than 2m after retail estimate
• Shares Short 2.1m(2/13) 
• 10 Day average volume 825k/day
• Cash $37.9m burn rate $3.5m/qrt approx as of 12/31
• 269 patents with 26 patents issued in 2020 and 1 so far 2021
• 10 patent applications in 2020 pending issuement

Any due diligence from this site is for entertainment only and not a solicitation to buy or sell Atomera stock. Any estimates are just examples of what is possible and should not be considered financial advise. I have not been compensated in any way and will never be compensated for my reports.

Atomera (ATOM) year end CC: CEO says 2021 is going to be a breakout year

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Summary. With $37.9m in cash they have never been in better financial shape. The MST technology is installed in one of the world’s largest fabs and the technology transfer will be completed shortly. Multiple additional JDAs and/or manufacturing licenses in the pipeline. When the company CEO says 2021 is going to be a breakout year he is not kidding.

• Presentation and webcast can be found on website
• https://ir.atomera.com/websites/atomera/English/3200/events-_-presentations.html
• Transcript
• https://www.fool.com/earnings/call-transcripts/2021/02/10/atomera-inc-atom-q4-2020-earnings-call-transcript/

• CC key takeaways
• JDA #1 signed in January along with manufacturing license
• Additional JDAs and/or manufacturing licenses in pipeline
  • JDAs allow additional nodes to move directly from phase 3 to phase 5
• MSTcad released and getting positive customer feedback
• $37.9m in cash, $14m 2021 costs (2+ years funding)
• $400k in JDA fee licensing payments in Q1 or Q2
  • Upon payment indicates tech transfer completed and move to phase 5(qualification) and then phase 6 (Production royalties)
  • Companies don’t go to phase 5 unless they plan to go into production
• Patent portfolio up to 269 issued and pending
  • Patents up 46% in last 2 years
• Epi Tool installation covers both 200/300mm wafers and is in final check out before acceptance

First of many JDAs or manufacturing licenses signed

The importance of a JDA is it allows the JDA customer to go directly from phase 3 to phase 5 on additional nodes skipping the integration phase 4 since it was already done on other node. The companies own engineers have been trained in the technology and are advocates for adoption. The first JDA being signed is clear signal to rest of industry they need to be working with Atomera.

EPI tool in final checkout phase before acceptance

This Epi tool is unique in that it supports both 200mm and 300mm wafers sizes. Atomera engineers have been able to use while in the acceptance phase. Down to final few items before accepted. Between the Epi tool and MSTcad software addition of new pipeline customers will accelerate.

Multiple companies with multiple phase 3 engagements

Patents issued up 17% last year and 46% over last 2 years

Customer feedback positive

The below are the question and answer portion of the CC.

How can Atomera impact chip shortage: Example of 200mm fab could install MST technology and it would allow them to reduce die by 20-25% and thus give each wafer 20-25% more capacity.

Is the chip shortage stopping fabs from running wafers using MST. No. Fabs are prioritizing wafer runs and MST technology is top priority so they are getting R+D runs still even though fabs are very busy due to shortages.

Please provide update on previous licensees.

All are very secretive and don’t want any information on where they are at getting out. AKM had fire and is recovering but fully committed to going forward. The other 2 are hopefully moving to Phase 4 soon.

Any due diligence from this site is for entertainment only and not a solicitation to buy or sell Atomera stock. Any estimates are just examples of what is possible and should not be considered financial advise. I have not been compensated in any way and will never be compensated for my reports.

Atomera (ATOM): A true Unicorn in today’s investment forest

Characteristics of a Unicorn

• Disruptive to industry (adopt or be noncompetitive)
• No competition
• Can’t be duplicated i.e. Atomera fenced patent portfolios and implementation know how
• Hyper Growth Potenial (zero to billions in royalties)
• Industry recognition (People, papers, patents, Synopsys conference etc..)

The top question you always hear is why isn’t my stock trading higher? In the  case of Atomera the answer is pretty simple. While it is a true Unicorn in the sense there just aren’t any other stocks quite like it, it also isn’t what is striking the fancy of today’s investor. Its not a biotech curing some uncurable disease, its not an Electronic Vehicle company that will be lucky to sell 10k vehicles over the next few years, its certainly not launching into space like dozens of companies all chasing a tiny market or one of the mighty SPACs who nobody really knows what they do but prices keep going up. No, its a company that is going to make lots of royalties for years to come as it gets adopted by the world’s largest semiconductor companies. The good news is there are groups of large investors that look for companies with exactly the combination of disruptive technology, quickly ramping revenues with large earnings potential that Atomera brings to the table. The even better news is these investors, whether we want to call them institutions or investment funds, have arrived. This changing of the guard from retail to institutional ownership will also make it much harder for shorts to manipulate the share price. Long term holders paying into the mid 40s last week will make it even more difficult to find shares to cover the very large short position in the stock.

I don’t usually summarize a week’s trading in great detail but I think we are going to look back at this week’s trading as a changing of the guard in terms of share ownership. For a long time retail has played a significant role in the stocks direction. The volume and price over the last two weeks seem to indicate much larger investors or funds taking over the ownership. Ultimately there are only 22.4m shares outstanding and a much smaller amount in the float. After Wednesdays CC there were a lot of sellers who were looking for a reason to sell and were expecting some major announcement that was unlikely to be part of a year end CC. As can be seen in the weekly chart the stock ended slightly down for the week and the chart looks very similar to when its last big step up. The key piece of information that most investors seemed to overlook is the Phase 4 work that is completing in the very near future. This is the installation and tech transfer of the MST technology in one of the worlds largest semiconductors fabs. From the call it should also be obvious that this fab has multiple nodes. Upon completion, in the very near future, the semiconductor company will then start qualification runs and then head into production. Having done tech transfers many times let me assure you that they are already doing qualification runs as part of the tech transfer. The large semiconductor company will not sign off on the tech transfer unless they are 100% convinced it works. So while they still will run qualification samples prior to starting royalty generating production its a done deal once Phase 4 is completed. This is truly a defining moment in the companies history and marks the next step to industry wide adoption. The second JDA, when announced, is another huge catalyst and will accelerate the rest of the industry to adopt. There are also 9 other customers in Phase 3 that can start Phase 4 at any time.

All weekly indicators are indicating continued upward movement with possible breakout to mid 50’s.

Multiple customers in Phase 3 likely to move quickly to Phase 4

Any due diligence from this site is for entertainment only and not a solicitation to buy or sell Atomera stock. Any estimates are just examples of what is possible and should not be considered financial advise. I have not been compensated in any way and will never be compensated for my reports.