Atomera Incorporated(NASDAQ:ATOM) 
Atomera Incorporated develops, commercializes, and licenses proprietary materials, processes, and technologies for the semiconductor industry in North America, Europe, and the Asia Pacific. The company's lead technology is the Mears Silicon Technology, a thin film of reengineered silicon that can be...
Website: http://www.atomera.com
Full Time Employees: 17
Sector: Technology
Industry: Semiconductor Equipment & Materials
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At a glance:
Bull Thesis:
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue | 11,000 | 3,750 | 11,000 | 4,000 | 28,000 | 22,000 | 72,000 | 18,000 | 94,250 | 2,000 | 375,000 | 100,000 | 400,000 | 15,500 | 62,000 | 98,750 | 254,000 | 70,000 | 71,000 | 24,000 | 96,000 | |||||||||||||||||||
yoy | 175.00% | -86.61% | -50.00% | -77.78% | -5.75% | -6.25% | 545.16% | 545.16% | -84.30% | -12.68% | 311.46% | -27.08% | ||||||||||||||||||||||||||||
qoq | 193.33% | -65.91% | -85.71% | 27.27% | -69.44% | 300.00% | 4612.50% | 275.00% | 2480.65% | -37.22% | -61.12% | 262.86% | -1.41% | 195.83% | ||||||||||||||||||||||||||
cost of revenue | -126,000 | -131,000 | -128,000 | -62,000 | -13,000 | -3,000 | -74,000 | -33,000 | 81,000 | 26,000 | -13,000 | 477,000 | -204,000 | -20,000 | 261,000 | -113,000 | ||||||||||||||||||||||||
gross profit | -115,000 | |||||||||||||||||||||||||||||||||||||||
yoy | ||||||||||||||||||||||||||||||||||||||||
qoq | ||||||||||||||||||||||||||||||||||||||||
gross margin % | -1045.45% | 0% | 0% | NaN% | 0% | 0% | 0% | 0% | 0% | NaN% | NaN% | NaN% | NaN% | 0% | 0% | NaN% | 0% | 0% | NaN% | NaN% | 0% | 0% | NaN% | NaN% | 0% | 0% | 0% | 0% | 0% | 0% | NaN% | 0% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% |
operating expenses | ||||||||||||||||||||||||||||||||||||||||
research and development | 3,457,000 | 2,740,000 | 3,304,000 | 3,004,000 | 3,255,000 | 2,823,000 | 2,759,000 | 2,589,000 | 2,858,000 | 2,992,000 | 3,305,000 | 3,192,000 | 3,036,000 | 2,523,000 | 2,743,000 | 2,433,000 | 2,339,000 | 2,249,000 | 2,232,000 | 2,069,000 | 2,229,000 | 2,227,000 | 2,049,000 | 2,086,000 | 2,062,000 | 1,818,000 | 1,746,000 | 2,057,000 | 2,127,000 | 1,968,000 | 1,922,000 | 1,738,000 | 1,690,000 | 1,324,000 | 1,602,000 | 1,444,000 | 1,456,000 | 1,240,000 | 940,000 | 867,000 |
general and administrative | 2,333,000 | 1,505,000 | 2,165,000 | 2,048,000 | 2,088,000 | 1,811,000 | 1,812,000 | 1,832,000 | 1,811,000 | 1,875,000 | 1,683,000 | 1,775,000 | 1,742,000 | 1,559,000 | 1,567,000 | 1,667,000 | 1,648,000 | 1,508,000 | 1,637,000 | 1,506,000 | 1,513,000 | 1,377,000 | 1,322,000 | 1,480,000 | 1,445,000 | 1,155,000 | 1,239,000 | 1,488,000 | 1,321,000 | 1,175,000 | 1,324,000 | 1,254,000 | 1,203,000 | 1,107,000 | 1,374,000 | 1,712,000 | 1,603,000 | 1,744,000 | 1,607,000 | 893,000 |
selling and marketing | 419,000 | 286,000 | 207,000 | 141,000 | 124,000 | 248,000 | 248,000 | 207,000 | 350,000 | 452,000 | 365,000 | 393,000 | 389,000 | 329,000 | 347,000 | 347,000 | 325,000 | 316,000 | 267,000 | 137,000 | 266,000 | 273,000 | 208,000 | 215,000 | 225,000 | 242,000 | 240,000 | 225,000 | 247,000 | 262,000 | 237,000 | 212,000 | 246,000 | 292,000 | 350,000 | 508,000 | 509,000 | 466,000 | 225,000 | 91,000 |
total operating expenses | 6,209,000 | 4,531,000 | 5,676,000 | 5,193,000 | 5,467,000 | 4,882,000 | 4,819,000 | 4,628,000 | 5,019,000 | 5,319,000 | 5,353,000 | 5,360,000 | 5,167,000 | 4,411,000 | 4,657,000 | 4,447,000 | 4,312,000 | 4,073,000 | 4,136,000 | 3,712,000 | 4,008,000 | 3,877,000 | 3,579,000 | 3,781,000 | 3,732,000 | 3,215,000 | 3,225,000 | 3,770,000 | 3,695,000 | 3,405,000 | 3,483,000 | 3,204,000 | 3,139,000 | 2,723,000 | 3,326,000 | 3,664,000 | 3,568,000 | 3,450,000 | 2,772,000 | 1,851,000 |
income from operations | -6,324,000 | -4,612,000 | -5,793,000 | -5,255,000 | -5,463,000 | -4,872,000 | -4,800,000 | -4,630,000 | -5,034,000 | -4,797,000 | -5,353,000 | -5,360,000 | -5,167,000 | -4,406,000 | -4,655,000 | -4,447,000 | -4,018,000 | -4,073,000 | -4,136,000 | -3,712,000 | -3,608,000 | -3,877,000 | -3,579,000 | -3,781,000 | -3,683,000 | -3,106,000 | -3,175,000 | -3,720,000 | -3,624,000 | -3,290,000 | -3,483,000 | -3,221,000 | -3,139,000 | -2,652,000 | -3,326,000 | -3,664,000 | -3,568,000 | -3,450,000 | -2,772,000 | -1,851,000 |
yoy | 15.76% | -5.34% | 20.69% | 13.50% | 8.52% | 1.56% | -10.33% | -13.62% | -2.57% | 8.87% | 14.99% | 20.53% | 28.60% | 8.18% | 12.55% | 19.80% | 11.36% | 5.06% | 15.56% | -1.82% | -2.04% | 24.82% | 12.72% | 1.64% | 1.63% | -5.59% | -8.84% | 15.49% | 15.45% | 24.06% | 4.72% | -12.09% | -12.02% | -23.13% | 19.99% | 97.95% | ||||
qoq | 37.12% | -20.39% | 10.24% | -3.81% | 12.13% | 1.50% | 3.67% | -8.03% | 4.94% | -10.39% | -0.13% | 3.74% | 17.27% | -5.35% | 4.68% | 10.68% | -1.35% | -1.52% | 11.42% | 2.88% | -6.94% | 8.33% | -5.34% | 2.66% | 18.58% | -2.17% | -14.65% | 2.65% | 10.15% | -5.54% | 8.13% | 2.61% | 18.36% | -20.26% | -9.22% | 2.69% | 3.42% | 24.46% | 49.76% | |
operating margin % | -57490.91% | -122986.67% | -52663.64% | -Infinity% | -136575.00% | -17400.00% | -21818.18% | -6430.56% | -27966.67% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -4674.80% | -232750.00% | -Infinity% | -1071.47% | -4073.00% | -Infinity% | -Infinity% | -902.00% | -25012.90% | -Infinity% | -Infinity% | -5940.32% | -3145.32% | -1250.00% | -5314.29% | -5104.23% | -13708.33% | -Infinity% | -3355.21% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% |
other income | 1,000 | 1,000 | 72,000 | 1,000 | 72,000 | 3,000 | 72,000 | 2,000 | ||||||||||||||||||||||||||||||||
interest income | 197,000 | 195,000 | 232,000 | 234,000 | 270,000 | 213,000 | 176,000 | 185,000 | 205,000 | 195,000 | 177,000 | 152,000 | 199,000 | 189,000 | 113,000 | 35,000 | 3,000 | 2,000 | 2,000 | 3,000 | 2,000 | 1,000 | 1,000 | 2,000 | 38,000 | 60,000 | 89,000 | 86,000 | 90,000 | 91,000 | 48,000 | 50,000 | 47,000 | 42,000 | 42,000 | 36,000 | 28,000 | 21,000 | 6,000 | |
accretion income | 57,000 | 6,000 | 26,000 | 59,000 | 47,000 | 46,000 | 62,000 | 112,000 | 107,000 | |||||||||||||||||||||||||||||||
interest expense | -4,000 | -9,000 | -12,000 | -18,000 | -21,000 | -25,000 | -30,000 | -35,000 | -39,000 | -43,000 | -47,000 | -51,000 | -53,000 | -55,000 | -60,000 | -69,000 | -71,000 | -76,000 | -52,000 | -1,330,000 | -746,000 | |||||||||||||||||||
total other income | 251,000 | 187,000 | 220,000 | 288,000 | 254,000 | 215,000 | 205,000 | 269,000 | 212,000 | 217,000 | 314,000 | 208,000 | 148,000 | 134,000 | 53,000 | -34,000 | -68,000 | -74,000 | -50,000 | 3,000 | 2,000 | 1,000 | 1,000 | 2,000 | 38,000 | 60,000 | 89,000 | 86,000 | 90,000 | 91,000 | 48,000 | 50,000 | 47,000 | 25,000 | 42,000 | 34,000 | ||||
net income | -6,073,000 | -4,425,000 | -5,573,000 | -4,967,000 | -5,209,000 | -4,657,000 | -4,595,000 | -4,361,000 | -4,822,000 | -4,580,000 | -5,039,000 | -5,152,000 | -5,019,000 | -4,272,000 | -4,602,000 | -4,481,000 | -4,086,000 | -4,165,000 | -4,203,000 | -3,726,000 | -3,620,000 | -3,876,000 | -3,578,000 | -3,779,000 | -3,645,000 | -3,046,000 | -3,086,000 | -3,634,000 | -3,534,000 | -3,199,000 | -3,435,000 | -3,171,000 | -3,092,000 | -2,610,000 | -3,284,000 | -3,630,000 | -3,544,000 | |||
yoy | 16.59% | -4.98% | 21.28% | 13.90% | 8.03% | 1.68% | -8.81% | -15.35% | -3.93% | 7.21% | 9.50% | 14.97% | 22.83% | 2.57% | 9.49% | 20.26% | 12.87% | 7.46% | 17.47% | -1.40% | -0.69% | 27.25% | 15.94% | 3.99% | 3.14% | -4.78% | -10.16% | 14.60% | 14.29% | 22.57% | 4.60% | -12.64% | -12.75% | |||||||
qoq | 37.24% | -20.60% | 12.20% | -4.65% | 11.85% | 1.35% | 5.37% | -9.56% | 5.28% | -9.11% | -2.19% | 2.65% | 17.49% | -7.17% | 2.70% | 9.67% | -1.90% | -0.90% | 12.80% | 2.93% | -6.60% | 8.33% | -5.32% | 3.68% | 19.67% | -1.30% | -15.08% | 2.83% | 10.47% | -6.87% | 8.33% | 2.55% | 18.47% | -20.52% | -9.53% | 2.43% | ||||
net income margin % | -55209.09% | -118000.00% | -50663.64% | -Infinity% | -130225.00% | -16632.14% | -20886.36% | -6056.94% | -26788.89% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -4532.63% | -230100.00% | -Infinity% | -1089.60% | -4165.00% | -Infinity% | -Infinity% | -905.00% | -25006.45% | -Infinity% | -Infinity% | -5879.03% | -3084.56% | -1214.96% | -5191.43% | -4977.46% | -13329.17% | -Infinity% | -3303.13% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | NaN% | NaN% | NaN% |
net loss per common share, basic | -170 | -140 | -170 | -170 | -170 | -160 | -170 | -160 | -190 | -180 | -200 | -210 | -210 | -180 | -200 | -200 | ||||||||||||||||||||||||
net loss per common share, diluted | -170 | -140 | -170 | -170 | -170 | -160 | -170 | -160 | -190 | -180 | -200 | -210 | -210 | -180 | -200 | -200 | ||||||||||||||||||||||||
weighted-average number of common shares outstanding, basic | 35,256,000 | 30,844,000 | 31,128,000 | 30,397,000 | 30,243,000 | 27,217,000 | 27,406,000 | 26,467,000 | 26,038,000 | 24,755,000 | 25,255,000 | 24,677,000 | 23,660,000 | 23,157,000 | 23,294,000 | 22,936,000 | ||||||||||||||||||||||||
weighted-average number of common shares outstanding, diluted | 35,256,000 | 30,844,000 | 31,128,000 | 30,397,000 | 30,243,000 | 27,217,000 | 27,406,000 | 26,467,000 | 26,038,000 | 24,755,000 | 25,255,000 | 24,677,000 | 23,660,000 | 23,157,000 | 23,294,000 | 22,936,000 | ||||||||||||||||||||||||
gross (loss) margin | -43,750 | -117,000 | -62,000 | |||||||||||||||||||||||||||||||||||||
gross margin | 4,000 | 10,000 | 19,000 | -2,000 | -15,000 | 5,000 | 2,000 | 294,000 | 400,000 | 49,000 | 109,000 | 50,000 | 50,000 | 71,000 | 115,000 | -17,000 | ||||||||||||||||||||||||
other expense | -1,000 | -2,000 | -4,000 | |||||||||||||||||||||||||||||||||||||
net loss before income taxes | -4,272,000 | -4,602,000 | -4,481,000 | -4,086,000 | -4,147,000 | -4,186,000 | -3,709,000 | |||||||||||||||||||||||||||||||||
provision for income taxes | 18,000 | 17,000 | 17,000 | 14,000 | ||||||||||||||||||||||||||||||||||||
net loss per common share, basic and diluted | -180 | -180 | -190 | -170 | -160 | -180 | -190 | -210 | -220 | -180 | -190 | -240 | -240 | -220 | -280 | -260 | -260 | -220 | -270 | -300 | -290 | 360 | -550 | -1,610 | ||||||||||||||||
weighted-average number of common shares outstanding, basic and diluted | 22,853,000 | 22,492,000 | 22,629,000 | 22,492,000 | 22,090,000 | 18,752,000 | 19,337,000 | 17,975,000 | 16,760,000 | 15,852,000 | 16,567,000 | 15,423,000 | 14,782,000 | 12,655,000 | 12,117,000 | 12,078,000 | 12,041,000 | 12,124,000 | 12,161,000 | 12,137,000 | 12,034,000 | 5,682,000 | 7,382,000 | |||||||||||||||||
net loss before taxes | -3,606,000 | |||||||||||||||||||||||||||||||||||||||
operating expenses: | ||||||||||||||||||||||||||||||||||||||||
other income: | ||||||||||||||||||||||||||||||||||||||||
total other expense | 24,000 | 21,000 | -1,324,000 | |||||||||||||||||||||||||||||||||||||
net loss: | -2,295,250 | -4,096,000 | -2,597,000 | |||||||||||||||||||||||||||||||||||||
weighted average number of common shares outstanding, basic and diluted | 1,617,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2020-09-30 | 2020-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||
current assets: | ||||||||||||||||||||||
cash and cash equivalents | 14,160,000 | 19,210,000 | 20,322,000 | 22,026,000 | 24,123,000 | 25,778,000 | 13,757,000 | 14,484,000 | 14,806,000 | 12,591,000 | 12,642,000 | 12,904,000 | 12,118,000 | 21,184,000 | 23,287,000 | 21,838,000 | 24,451,000 | 28,699,000 | 31,789,000 | 34,341,000 | 25,297,000 | 17,965,000 |
short-term investments | 26,930,000 | 995,000 | 3,585,000 | 3,804,000 | 4,458,000 | 6,940,000 | 7,747,000 | 10,931,000 | 4,934,000 | |||||||||||||
accounts receivable | 41,000 | 137,000 | 6,000 | 6,000 | 6,000 | 300,000 | ||||||||||||||||
interest receivable | 139,000 | 54,000 | 64,000 | 63,000 | 81,000 | 73,000 | 56,000 | 74,000 | 73,000 | 79,000 | 56,000 | 50,000 | ||||||||||
prepaid expenses and other current assets | 788,000 | 338,000 | 517,000 | 659,000 | 335,000 | 240,000 | 388,000 | 578,000 | 328,000 | 244,000 | 392,000 | 650,000 | 303,000 | 418,000 | 597,000 | 650,000 | 846,000 | 309,000 | 429,000 | 659,000 | 181,000 | 255,000 |
total current assets | 42,058,000 | 19,602,000 | 21,040,000 | 22,748,000 | 24,539,000 | 27,092,000 | 17,792,000 | 18,946,000 | 19,665,000 | 20,404,000 | 20,837,000 | 24,535,000 | 17,355,000 | 21,602,000 | 23,884,000 | 22,488,000 | 25,597,000 | 29,008,000 | 32,218,000 | 35,000,000 | 25,478,000 | 18,220,000 |
property and equipment | 51,000 | 60,000 | 51,000 | 50,000 | 52,000 | 59,000 | 63,000 | 75,000 | 83,000 | 100,000 | 129,000 | 135,000 | 153,000 | 158,000 | 164,000 | 176,000 | 192,000 | 196,000 | 208,000 | 206,000 | 87,000 | 53,000 |
security deposit | 14,000 | 14,000 | 14,000 | 14,000 | 14,000 | 14,000 | 14,000 | 14,000 | 14,000 | 14,000 | 14,000 | 14,000 | 14,000 | 14,000 | 14,000 | 14,000 | 14,000 | 14,000 | 14,000 | 14,000 | 13,000 | 13,000 |
operating lease right-of-use asset | 1,176,000 | 92,000 | 155,000 | 218,000 | 341,000 | 401,000 | 459,000 | 574,000 | 631,000 | 648,000 | 751,000 | 801,000 | 850,000 | 950,000 | 998,000 | 735,000 | 89,000 | |||||
financing lease right-of-use-asset | 322,000 | 533,000 | 744,000 | 1,087,000 | 1,338,000 | 1,588,000 | 1,839,000 | 2,341,000 | 2,622,000 | 2,903,000 | 3,184,000 | 3,583,000 | 3,874,000 | 4,164,000 | 4,455,000 | 5,212,000 | 5,532,000 | 5,851,000 | ||||
total assets | 43,621,000 | 21,093,000 | 21,941,000 | 24,084,000 | 26,252,000 | 29,124,000 | 20,140,000 | 21,868,000 | 22,934,000 | 24,029,000 | 24,829,000 | 28,989,000 | 22,135,000 | 26,729,000 | 29,359,000 | 28,782,000 | 32,276,000 | 36,060,000 | 39,651,000 | 36,668,000 | 26,763,000 | 18,825,000 |
liabilities and stockholders’ equity | ||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||
accounts payable | 677,000 | 608,000 | 617,000 | 665,000 | 761,000 | 492,000 | 786,000 | 646,000 | 601,000 | 618,000 | 462,000 | 562,000 | 423,000 | 397,000 | 524,000 | 434,000 | 380,000 | 338,000 | 321,000 | 411,000 | 563,000 | 586,000 |
accrued expenses | 213,000 | 168,000 | 244,000 | 207,000 | 195,000 | 239,000 | 172,000 | 249,000 | 210,000 | 222,000 | 230,000 | 218,000 | 242,000 | 173,000 | 205,000 | 213,000 | 241,000 | 203,000 | 315,000 | 184,000 | 234,000 | 178,000 |
accrued payroll-related expenses | 782,000 | 1,112,000 | 649,000 | 402,000 | ||||||||||||||||||
current operating lease liability | 301,000 | 147,000 | 64,000 | 124,000 | 184,000 | 260,000 | 258,000 | 256,000 | 263,000 | 264,000 | 262,000 | 259,000 | 247,000 | 245,000 | 245,000 | 243,000 | 217,000 | 216,000 | 214,000 | 213,000 | 92,000 | 78,000 |
current financing lease liability | 106,000 | 420,000 | 730,000 | 1,148,000 | 1,314,000 | 1,253,000 | 1,194,000 | 1,386,000 | 1,357,000 | 1,328,000 | 1,299,000 | 1,357,000 | 1,240,000 | 1,126,000 | 1,043,000 | 1,395,000 | 1,396,000 | 1,395,000 | 1,621,000 | |||
deferred revenue | 96,000 | 7,000 | 144,000 | 4,000 | 8,000 | 13,000 | 17,000 | 1,000 | ||||||||||||||
total current liabilities | 2,175,000 | 2,000,000 | 2,911,000 | 2,793,000 | 2,856,000 | 3,576,000 | 3,386,000 | 3,144,000 | 2,902,000 | 3,814,000 | 2,951,000 | 2,974,000 | 2,444,000 | 2,908,000 | 2,812,000 | 2,795,000 | 2,494,000 | 2,753,000 | 2,905,000 | 1,130,000 | 1,400,000 | |
long-term operating lease liability | 896,000 | 712,000 | 22,000 | 80,000 | 137,000 | 194,000 | 295,000 | 348,000 | 400,000 | 475,000 | 521,000 | 614,000 | 658,000 | 725,000 | 768,000 | 809,000 | ||||||
total liabilities | 3,071,000 | 2,712,000 | 2,911,000 | 2,793,000 | 2,969,000 | 4,047,000 | 4,247,000 | 4,389,000 | 4,527,000 | 5,859,000 | 5,365,000 | 5,750,000 | 5,602,000 | 6,415,000 | 6,680,000 | 7,032,000 | 7,089,000 | 7,679,000 | 8,169,000 | 1,979,000 | 2,031,000 | 1,247,000 |
commitments and contingencies | ||||||||||||||||||||||
stockholders’ equity: | ||||||||||||||||||||||
preferred stock 0.001 par value... | ||||||||||||||||||||||
common stock: 0.001 par value... | 39,000 | 32,000 | 31,000 | 31,000 | 28,000 | 28,000 | 27,000 | 26,000 | 26,000 | 24,000 | 24,000 | 23,000 | 23,000 | 23,000 | 23,000 | |||||||
additional paid in capital | 288,301,000 | 256,267,000 | 252,956,000 | 249,981,000 | 232,726,000 | 229,726,000 | 226,288,000 | 217,946,000 | 216,681,000 | 204,825,000 | ||||||||||||
other comprehensive income | -23,000 | 1,000 | 2,000 | -7,000 | -1,000 | -3,000 | -2,000 | -2,000 | ||||||||||||||
accumulated deficit | -247,767,000 | -241,694,000 | -237,269,000 | -231,696,000 | -226,729,000 | -221,520,000 | -216,863,000 | -212,268,000 | -207,907,000 | -203,085,000 | -198,505,000 | -193,466,000 | -188,314,000 | -183,295,000 | -179,023,000 | -174,421,000 | -169,940,000 | -165,854,000 | -161,689,000 | -157,486,000 | -146,264,000 | -142,686,000 |
total stockholders’ equity | 40,550,000 | 18,381,000 | 19,030,000 | 21,291,000 | 23,283,000 | 25,077,000 | 15,893,000 | 17,479,000 | 18,407,000 | 18,170,000 | 19,464,000 | 23,239,000 | 16,533,000 | 20,314,000 | 22,679,000 | 21,750,000 | 25,187,000 | 28,381,000 | 31,482,000 | 34,689,000 | 24,732,000 | 17,578,000 |
total liabilities and stockholders’ equity | 43,621,000 | 21,093,000 | 21,941,000 | 24,084,000 | 26,252,000 | 29,124,000 | 20,140,000 | 21,868,000 | 22,934,000 | 24,029,000 | 24,829,000 | 28,989,000 | 22,135,000 | 26,729,000 | 29,359,000 | 28,782,000 | 32,276,000 | 36,060,000 | 39,651,000 | 36,668,000 | 26,763,000 | 18,825,000 |
long-term prepaid maintenance and supplies | 30,000 | 91,000 | 91,000 | 91,000 | 91,000 | 91,000 | 91,000 | 91,000 | 91,000 | 91,000 | 91,000 | 91,000 | 91,000 | 91,000 | 91,000 | 91,000 | ||||||
operating lease right-of-use-asset | 884,000 | 280,000 | 517,000 | 700,000 | 900,000 | |||||||||||||||||
accrued payroll related expenses | 650,000 | 1,328,000 | 968,000 | 594,000 | 454,000 | 1,382,000 | 698,000 | 578,000 | 292,000 | 967,000 | 794,000 | 510,000 | 260,000 | 601,000 | 434,000 | 322,000 | 511,000 | 405,000 | ||||
long-term financing lease liability | 113,000 | 449,000 | 781,000 | 1,108,000 | 1,431,000 | 1,750,000 | 2,066,000 | 2,376,000 | 2,683,000 | 2,986,000 | 3,254,000 | 3,579,000 | 3,870,000 | 4,158,000 | 4,455,000 | |||||||
preferred stock, 0.001 par value... | ||||||||||||||||||||||
common stock, 0.001 par value... | 32,000 | 31,000 | 26,000 | 24,000 | 23,000 | 21,000 | 20,000 | |||||||||||||||
additional paid-in capital | 260,043,000 | 246,565,000 | 221,229,000 | 203,585,000 | 201,678,000 | 196,148,000 | 195,104,000 | 194,212,000 | 193,148,000 | 192,152,000 | 170,975,000 | 160,244,000 | ||||||||||
unbilled contracts receivable | 550,000 | |||||||||||||||||||||
long-term prepaid rent | 450,000 | 450,000 | 450,000 | |||||||||||||||||||
financing lease right-of-use asset | 6,170,000 | |||||||||||||||||||||
long term operating lease liability | 849,000 | 631,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | |||||||||||||||||||||||||||||||||||||||
net loss | -6,073,000 | -4,425,000 | -5,573,000 | -4,967,000 | -5,209,000 | -4,657,000 | -4,595,000 | -4,361,000 | -4,822,000 | -4,580,000 | -5,039,000 | -5,152,000 | -5,019,000 | -4,272,000 | -4,602,000 | -4,481,000 | -4,086,000 | -4,165,000 | -4,203,000 | -3,726,000 | -3,620,000 | -3,876,000 | -3,578,000 | -3,779,000 | -3,645,000 | -3,046,000 | -3,086,000 | -3,634,000 | -3,534,000 | -3,199,000 | -3,435,000 | -3,171,000 | -3,092,000 | -2,610,000 | -3,284,000 | -3,630,000 | -3,544,000 | -3,429,000 | -4,096,000 |
adjustments to reconcile net loss to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 9,000 | 13,000 | 11,000 | 12,000 | 12,000 | 12,000 | 12,000 | 13,000 | 17,000 | 17,000 | 20,000 | 20,000 | 20,000 | 19,000 | 19,000 | 19,000 | 20,000 | 20,000 | 21,000 | 13,000 | 13,000 | 9,000 | 11,000 | 11,000 | 10,000 | 11,000 | 12,000 | 11,000 | 10,000 | 9,000 | 8,000 | 8,000 | 8,000 | 6,000 | 4,000 | 4,000 | 5,000 | 5,000 | 4,000 |
operating lease right of use asset amortization | 50,000 | 64,000 | 63,000 | 64,000 | 61,000 | 61,000 | 60,000 | 58,000 | 58,000 | 57,000 | 57,000 | 50,000 | 52,000 | 51,000 | 50,000 | 49,000 | 50,000 | 50,000 | |||||||||||||||||||||
financing lease right of use asset amortization | 211,000 | 211,000 | 225,000 | 250,000 | 251,000 | 251,000 | 261,000 | 281,000 | 281,000 | 281,000 | 284,000 | 290,000 | 291,000 | 291,000 | 300,000 | 319,000 | 319,000 | 321,000 | |||||||||||||||||||||
stock-based compensation | 1,406,000 | 1,334,000 | 1,342,000 | 1,278,000 | 1,009,000 | 949,000 | 907,000 | 987,000 | 1,024,000 | 1,015,000 | 1,041,000 | 1,030,000 | 927,000 | 893,000 | 889,000 | 859,000 | 726,000 | 639,000 | 756,000 | 847,000 | 731,000 | 817,000 | 829,000 | 766,000 | 629,000 | 649,000 | 798,000 | 788,000 | 694,000 | 629,000 | 630,000 | 620,000 | 546,000 | 464,000 | 916,000 | 1,428,000 | 1,210,000 | 1,344,000 | 1,020,000 |
net accretion of discounts on available-for-sale securities | -40,000 | 0 | 0 | -6,000 | -48,000 | -41,000 | -46,000 | -3,000 | |||||||||||||||||||||||||||||||
changes in operating assets and liabilities: | |||||||||||||||||||||||||||||||||||||||
accounts receivable | -41,000 | 137,000 | -137,000 | 0 | 6,000 | 0 | 0 | -300,000 | -66,000 | 187,000 | -169,000 | -18,000 | 185,000 | -110,000 | 21,000 | -96,000 | 110,000 | ||||||||||||||||||||||
interest receivable | -10,000 | 10,000 | 0 | 18,000 | -8,000 | -18,000 | 20,000 | 2,000 | 12,000 | -18,000 | 29,000 | ||||||||||||||||||||||||||||
prepaid and other current assets | -450,000 | 172,000 | -263,000 | -95,000 | 191,000 | -251,000 | -84,000 | ||||||||||||||||||||||||||||||||
accounts payable | 69,000 | -9,000 | -49,000 | -96,000 | 269,000 | -115,000 | 59,000 | 44,000 | -114,000 | 156,000 | -100,000 | 139,000 | 26,000 | -127,000 | 90,000 | 54,000 | 42,000 | 17,000 | -90,000 | -97,000 | 66,000 | -121,000 | -23,000 | 38,000 | 233,000 | 110,000 | -7,000 | -30,000 | -106,000 | 9,000 | 0 | 56,000 | 85,000 | -88,000 | 9,000 | -18,000 | -58,000 | 76,000 | -143,000 |
accrued expenses | 45,000 | -76,000 | 37,000 | 12,000 | -44,000 | 67,000 | -77,000 | 39,000 | -12,000 | -8,000 | 12,000 | -24,000 | 69,000 | -32,000 | -8,000 | -28,000 | 38,000 | -114,000 | 131,000 | -11,000 | -16,000 | -23,000 | 56,000 | -7,000 | 40,000 | -121,000 | -245,000 | 239,000 | 52,000 | -73,000 | 12,000 | 77,000 | -31,000 | -60,000 | 94,000 | 5,000 | 32,000 | 62,000 | -189,000 |
accrued payroll expenses | 132,000 | -462,000 | 463,000 | 247,000 | -926,000 | 360,000 | 374,000 | 140,000 | -928,000 | 684,000 | 120,000 | 286,000 | -675,000 | 173,000 | 284,000 | 250,000 | -341,000 | 167,000 | 112,000 | 34,000 | -417,000 | 194,000 | 106,000 | 161,000 | -575,000 | 197,000 | 237,000 | 173,000 | -772,000 | 281,000 | 365,000 | 112,000 | -286,000 | 235,000 | 86,000 | 12,000 | -331,000 | 415,000 | |
operating lease liability | -4,000 | -61,000 | -60,000 | -60,000 | -98,000 | -56,000 | -55,000 | -64,000 | -102,000 | -51,000 | -50,000 | -95,000 | -44,000 | -93,000 | -42,000 | -41,000 | -42,000 | -40,000 | |||||||||||||||||||||
deferred revenue | 89,000 | -137,000 | 144,000 | 0 | -4,000 | -4,000 | -5,000 | -4,000 | 17,000 | 0 | 0 | 0 | -37,000 | 37,000 | -16,000 | -18,000 | -21,000 | -20,000 | |||||||||||||||||||||
net cash from operating activities | -4,607,000 | -3,222,000 | -3,362,000 | -3,505,000 | -4,782,000 | -3,028,000 | -2,895,000 | -3,164,000 | -4,149,000 | -2,908,000 | -3,477,000 | -3,938,000 | -4,234,000 | -2,918,000 | -2,966,000 | -2,504,000 | -4,111,000 | -3,037,000 | -2,770,000 | -2,696,000 | -3,938,000 | -2,950,000 | -2,526,000 | -2,949,000 | -3,642,000 | -1,929,000 | -2,318,000 | -2,407,000 | -3,754,000 | -2,417,000 | -2,255,000 | -2,289,000 | -2,812,000 | -2,194,000 | -2,115,000 | -2,082,000 | -2,898,000 | -1,468,000 | |
capital expenditures | 0 | -22,000 | -13,000 | -10,000 | -4,000 | -8,000 | 0 | 0 | 0 | 0 | -13,000 | -3,000 | -15,000 | -13,000 | -7,000 | -3,000 | -16,000 | -7,000 | -23,000 | -55,000 | -24,000 | -75,000 | -45,000 | -8,000 | -3,000 | 0 | 0 | -9,000 | -42,000 | -2,000 | -7,000 | -4,000 | -10,000 | -43,000 | -4,000 | -5,000 | -8,000 | -3,000 | |
free cash flows | -4,607,000 | -3,244,000 | -3,375,000 | -3,515,000 | -4,786,000 | -3,036,000 | -2,895,000 | -3,164,000 | -4,149,000 | -2,908,000 | -3,490,000 | -3,941,000 | -4,249,000 | -2,931,000 | -2,973,000 | -2,507,000 | -4,127,000 | -3,044,000 | -2,793,000 | -2,751,000 | -3,962,000 | -3,025,000 | -2,571,000 | -2,957,000 | -3,645,000 | -1,929,000 | -2,318,000 | -2,416,000 | -3,796,000 | -2,419,000 | -2,262,000 | -2,293,000 | -2,822,000 | -2,237,000 | -2,119,000 | -2,087,000 | -2,906,000 | -1,471,000 | |
cash flows from investing activities | |||||||||||||||||||||||||||||||||||||||
acquisition of property and equipment | -22,000 | -13,000 | -10,000 | -4,000 | -8,000 | 0 | 0 | -13,000 | -3,000 | -15,000 | -13,000 | -7,000 | -3,000 | -16,000 | -7,000 | -23,000 | -55,000 | -24,000 | -75,000 | -45,000 | -8,000 | -3,000 | 0 | 0 | -9,000 | -42,000 | -2,000 | -7,000 | -4,000 | -10,000 | -43,000 | -4,000 | -5,000 | -8,000 | -3,000 | -11,000 | |||
purchase of available-for-sale securities | -26,988,000 | 0 | -978,000 | -2,811,000 | -1,479,000 | -2,944,000 | -5,742,000 | -5,911,000 | -4,942,000 | ||||||||||||||||||||||||||||||
maturity of available-for-sale securities | 0 | 0 | 0 | 1,000,000 | 2,616,000 | 1,250,000 | 3,500,000 | 4,000,000 | 3,804,000 | ||||||||||||||||||||||||||||||
net cash from investing activities | -26,988,000 | -22,000 | -13,000 | -10,000 | 996,000 | 2,608,000 | 272,000 | 683,000 | 2,521,000 | 875,000 | 3,245,000 | -5,914,000 | -4,957,000 | -13,000 | -7,000 | -3,000 | -16,000 | -7,000 | -23,000 | -55,000 | -24,000 | -75,000 | -45,000 | -8,000 | -3,000 | 0 | 0 | -9,000 | -42,000 | -2,000 | -7,000 | -4,000 | -10,000 | -43,000 | -4,000 | -5,000 | -8,000 | -3,000 | |
cash flows from financing activities | |||||||||||||||||||||||||||||||||||||||
proceeds from registered direct offering of common stock net of commissions and expenses | 23,596,000 | ||||||||||||||||||||||||||||||||||||||
proceeds from at-the-market sale of stock, net of commissions and expenses | 3,139,000 | 2,442,000 | 1,970,000 | 792,000 | 2,407,000 | 12,782,000 | 2,093,000 | 2,442,000 | 3,950,000 | 2,257,000 | 185,000 | 10,789,000 | 274,000 | 975,000 | 4,603,000 | 0 | 0 | 0 | 243,000 | 15,471,000 | |||||||||||||||||||
proceeds from exercise of stock options | 124,000 | 0 | 0 | 111,000 | 0 | 0 | 86,000 | 11,000 | 39,000 | 39,000 | 39,000 | 39,000 | 39,000 | 0 | 166,000 | 424,000 | 241,000 | 354,000 | 2,515,000 | 107,000 | 645,000 | 0 | |||||||||||||||||
payments on principal of financing lease | -314,000 | -299,000 | -279,000 | -276,000 | -197,000 | -293,000 | -193,000 | -254,000 | -190,000 | -188,000 | -220,000 | -291,000 | -287,000 | ||||||||||||||||||||||||||
net cash from financing activities | 26,545,000 | 2,132,000 | 1,671,000 | 1,418,000 | 2,131,000 | 12,441,000 | 1,896,000 | 2,159,000 | 3,843,000 | -46,000 | 241,000 | 354,000 | 2,758,000 | 15,670,000 | 9,903,000 | 9,532,000 | 164,000 | 0 | 0 | 11,395,000 | 0 | ||||||||||||||||||
net (decrease) in cash and cash equivalents | -5,050,000 | -1,204,000 | |||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 19,210,000 | 0 | 0 | 25,778,000 | 0 | 0 | 12,591,000 | 0 | 0 | 21,184,000 | 0 | 0 | 28,699,000 | 0 | 0 | 37,942,000 | 0 | 0 | 14,871,000 | 0 | 0 | 18,933,000 | 0 | 0 | 17,369,000 | 0 | 0 | 26,718,000 | |||||||||||
cash and cash equivalents at end of period | 14,160,000 | -1,704,000 | -2,097,000 | 24,123,000 | -727,000 | -322,000 | 14,806,000 | -262,000 | 786,000 | 12,118,000 | 1,449,000 | -2,613,000 | 24,451,000 | -2,552,000 | -2,397,000 | 36,738,000 | 7,332,000 | 6,575,000 | 11,390,000 | -2,318,000 | 3,981,000 | 15,137,000 | -2,297,000 | -2,293,000 | 14,547,000 | -2,119,000 | -2,087,000 | 23,812,000 | -1,471,000 | ||||||||||
supplemental information: | |||||||||||||||||||||||||||||||||||||||
cash paid for interest | 4,000 | 9,000 | 12,000 | 18,000 | 21,000 | 44,000 | 22,000 | 37,000 | 26,000 | 43,000 | 47,000 | 51,000 | 53,000 | 55,000 | 60,000 | 69,000 | 71,000 | ||||||||||||||||||||||
cash paid for taxes | 0 | 0 | |||||||||||||||||||||||||||||||||||||
accretion of discounts on available-for-sales securities | |||||||||||||||||||||||||||||||||||||||
unbilled contracts receivable | 0 | 0 | 0 | 550,000 | |||||||||||||||||||||||||||||||||||
prepaid expenses and other current assets | 148,000 | 258,000 | -354,000 | 122,000 | 180,000 | 53,000 | 196,000 | -537,000 | 120,000 | 230,000 | 152,000 | -679,000 | 74,000 | -137,000 | 14,000 | 47,000 | 158,000 | 82,000 | -262,000 | 57,000 | 69,000 | 105,000 | -153,000 | -116,000 | 59,000 | 117,000 | -212,000 | 59,000 | -44,000 | ||||||||||
cash from investing activities | |||||||||||||||||||||||||||||||||||||||
proceeds from stock sales | |||||||||||||||||||||||||||||||||||||||
payments of principal for financing lease | |||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | -1,112,000 | -1,704,000 | -2,097,000 | -1,655,000 | 12,021,000 | -727,000 | -322,000 | 2,215,000 | -3,090,000 | -2,552,000 | 12,645,000 | 7,332,000 | -2,237,000 | -2,119,000 | -1,471,000 | ||||||||||||||||||||||||
cash and cash equivalents at beginning of year | |||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of year | |||||||||||||||||||||||||||||||||||||||
proceeds from stock sale | 0 | ||||||||||||||||||||||||||||||||||||||
change in unrealized gain on cash equivalents | |||||||||||||||||||||||||||||||||||||||
gain on sale of assets | |||||||||||||||||||||||||||||||||||||||
proceeds from sale of property and equipment | |||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -51,000 | -262,000 | 786,000 | -9,066,000 | 1,449,000 | -2,613,000 | -4,248,000 | -3,481,000 | -2,318,000 | 3,981,000 | -3,796,000 | -2,297,000 | -2,293,000 | -2,822,000 | -2,906,000 | ||||||||||||||||||||||||
accretion of discounts on available-for-sale securities | -109,000 | ||||||||||||||||||||||||||||||||||||||
net cash provided by financing activities | |||||||||||||||||||||||||||||||||||||||
net cash provided (used) by financing activities | 10,638,000 | 125,000 | 4,422,000 | -106,000 | -121,000 | ||||||||||||||||||||||||||||||||||
non cash interest expense | |||||||||||||||||||||||||||||||||||||||
warrant modification expense | 2,000 | 0 | 0 | 139,000 | |||||||||||||||||||||||||||||||||||
long-term prepaid rent | 0 | 0 | 0 | -450,000 | |||||||||||||||||||||||||||||||||||
proceeds from underwritten public offering, net of commission and expenses | |||||||||||||||||||||||||||||||||||||||
proceeds from exercise of warrants | 92,000 | ||||||||||||||||||||||||||||||||||||||
right of use asset amortization | 48,000 | 40,000 | 31,000 | 35,000 | 36,000 | 36,000 | |||||||||||||||||||||||||||||||||
lease liability | -22,000 | 10,000 | -32,000 | -36,000 | -38,000 | -36,000 | |||||||||||||||||||||||||||||||||
non-cash investing and financing activities | |||||||||||||||||||||||||||||||||||||||
exercise of warrants-cashless | |||||||||||||||||||||||||||||||||||||||
proceeds from registered direct offering of common stock, net of commissions and expenses | |||||||||||||||||||||||||||||||||||||||
proceeds from underwritten public offering, net of commissions and expenses | 0 | ||||||||||||||||||||||||||||||||||||||
proceeds from exercise of warrant | 0 | 164,000 | |||||||||||||||||||||||||||||||||||||
rou asset amortization | |||||||||||||||||||||||||||||||||||||||
loss on disposal of assets | |||||||||||||||||||||||||||||||||||||||
proceeds from registered direct offering of common stock | 0 | 0 | |||||||||||||||||||||||||||||||||||||
proceeds from public offering | |||||||||||||||||||||||||||||||||||||||
loss on disposal of equipment | 0 | 0 | 1,000 | ||||||||||||||||||||||||||||||||||||
payment of offering costs | 0 | -2,649,000 | |||||||||||||||||||||||||||||||||||||
non-cash financing activity: | |||||||||||||||||||||||||||||||||||||||
accrued offering costs | |||||||||||||||||||||||||||||||||||||||
common stock issued for services | |||||||||||||||||||||||||||||||||||||||
security deposit | 0 | 0 | |||||||||||||||||||||||||||||||||||||
non-cash investing activities: | |||||||||||||||||||||||||||||||||||||||
cash flows from financing activities: | |||||||||||||||||||||||||||||||||||||||
debt issuance cost amortization | 0 | 1,097,000 | |||||||||||||||||||||||||||||||||||||
non-cash interest expense | 0 | 233,000 | |||||||||||||||||||||||||||||||||||||
compensation in exchange for settlement of subscription receivable | 0 | 0 | |||||||||||||||||||||||||||||||||||||
commons stock issued for services | |||||||||||||||||||||||||||||||||||||||
release of restricted investment | 0 | ||||||||||||||||||||||||||||||||||||||
net proceeds from senior secured convertible promissory notes payable | 0 | 0 | |||||||||||||||||||||||||||||||||||||
proceeds from initial public offering | 0 | ||||||||||||||||||||||||||||||||||||||
non-cash financing activities: | |||||||||||||||||||||||||||||||||||||||
warrant issued as debt discount on secured notes | 1,000 | ||||||||||||||||||||||||||||||||||||||
warrant issued for underwriting of initial public offering | 0 | ||||||||||||||||||||||||||||||||||||||
conversion of secured notes into equity | 0 | ||||||||||||||||||||||||||||||||||||||
release of restricted asset | |||||||||||||||||||||||||||||||||||||||
non-cash warrant fair value for services rendered | |||||||||||||||||||||||||||||||||||||||
non-cash loss on option and warrant exchange | |||||||||||||||||||||||||||||||||||||||
proceeds from unsecured convertible promissory notes payable | |||||||||||||||||||||||||||||||||||||||
cash at beginning of period | 0 | ||||||||||||||||||||||||||||||||||||||
non-cash financing activities: - sum | |||||||||||||||||||||||||||||||||||||||
net cash used in operating activities | |||||||||||||||||||||||||||||||||||||||
net cash used in investing activities | |||||||||||||||||||||||||||||||||||||||
net increase in cash | |||||||||||||||||||||||||||||||||||||||
cash at end of period |