Atomera (atom) saw its loss widen to $3.54 million, or $0.29 a share for the quarter ended Mar. 31, 2017. In the previous year period, the company reported a loss of $2.49 million, or $1.54 a share.
The company has not recorded any revenues for the current as well as previous quarter.
Operating loss for the quarter was $3.57 million, compared with an operating loss of $1.93 million in the previous year period.
Adjusted EBITDA for the quarter stood at negative $2.36 million compared to negative $1.87 million in the prior year second quarter.
"The last few months have been extraordinarily productive for Atomera," commented Scott Bibaud, president and chief executive officer. “We are now working with 40% of the world’s largest semiconductor manufacturers and have made significant progress with technology advancements that should help us shorten the sales cycle," added Mr. Bibaud.
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