Atomera: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Atomera (NASDAQ:ATOM) reported its Q4 earnings on February 13, 2024, missing estimated earnings by 63.64% with an EPS of $-0.18 versus an estimate of $-0.11. Revenue increased by $545 thousand from the same period last year. Following a similar miss last quarter, the share price dropped by 4.03% the next day.
February 13, 2024 | 9:10 pm
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NEGATIVE IMPACT
Atomera reported a significant miss in Q4 earnings with an EPS of $-0.18, missing estimates by 63.64%, but showed an increase in revenue by $545 thousand YOY.
The significant miss in estimated earnings by 63.64% is likely to negatively impact investor confidence and could lead to a short-term decrease in stock price, similar to the 4.03% drop observed after last quarter's earnings miss.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100