Atomera Incorporated (NASDAQ:ATOM) Q2 2019 Earnings Conference Call - Final Transcript

Aug 07, 2019 • 05:00 pm ET

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Atomera Incorporated (NASDAQ:ATOM) Q2 2019 Earnings Conference Call - Final Transcript

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Presentation
Operator
Operator

Good afternoon and welcome to the Atomera Second Quarter 2019 Earnings Call. [Operator Instructions] This event is being recorded and will be available for replay for approximately one week.

I would now like to turn the conference over to Mike Bishop. Please go ahead.

Executive
Mike Bishop

Thank you and good afternoon. I'm Mike Bishop with the Company's Investor Relations. Joining me on today's call is Scott Bibaud, Atomera's President and CEO and Frank Laurencio, Atomera's CFO.

If you are joining by telephone, please go to the Events section of our Investor Relations page on our website to follow a slide presentation that accompanies our remarks. That presentation will remain available on our website after the call. After prepared comments by Scott and Frank, we will open up the call for your questions.

Before we begin, I would like to remind everyone that during today's call, we will make forward-looking statements. These forward-looking statements, whether in prepared remarks or during the Q&A session are subject to inherent risks and uncertainties. These risks and uncertainties are detailed in the Risk Factors section of our filings with the Securities and Exchange Commission, specifically in the Company's prospective supplement filed with the SEC on May 30, 2019.

Except as otherwise required by Federal securities laws, Atomera disclaims any obligation to update or make revisions to such forward-looking statements contained herein or elsewhere to reflect changes in expectations with regards to those events, conditions and circumstances.

Also please note that during this call, we will be discussing non-GAAP financial measures as defined by SEC Regulation G. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures are included in today's press release, which is posted to our website.

Now, I would like to turn the call over to our President and CEO, Scott Bibaud. Please go ahead, Scott.

Executive
Scott Bibaud

Thanks, Mike. Good afternoon, everyone, and welcome to this review of our second quarter results. It's been a very busy quarter and we have a lot to talk about. After my remarks, I will turn the call over to Frank, so he can go over our financial results and we will open it up to questions.

Atomera is a materials and intellectual property licensing company with a proprietary transistor enhancement film called Mears Silicon Technology or MST. Our Company develops new materials designed to improve the performance of semiconductors and helps our customers integrate them into the manufacturing flow of both existing and new fabs.

Our technology can address the slowdown in Moore's Law by providing new materials and integration techniques to the industry, which will improve performance, cut power consumption and decrease product costs.

Atomera is not a manufacturer, we are an IP provider, granting customers the right to manufacture using our technology in exchange for a license fee and royalty payments upon shipment of the products. Last quarter, I was able to share with you three technical breakthroughs achieved through work with our customers and our internal R&D efforts.

These past few months have been