Atomera Inc (ATOM)

[Theo]

I've been through the CC several times and listened/watched it twice. My overall impression is that when this show began (for me) a couple of years ago, it was like a typical start-up. They (ATOM) had their hands in several pots and were scrambling to put something together. It felt like they had a great platform but so many options were available that it was hard to discern a focused vision coming from them, Everything (patents seemingly every other day, white papers, presentations) it felt like chaos in a way. Jump back to the present, and it now feels like a much tighter grip, more control, and things are coming together. I suspect that the next few months may be more exciting than people may be expecting. As another (established) poster stated : "mgmt off the scale giddy with company's future". If you have followed any of my posts over the past few CC's, you know that I have stated MANY times that I've felt that Scott has wanted to open up and say more but is constrained. On this most recent CC, he verified his feelings: "I'm glad to give you this insight into our technology pipeline and customer activity, and I know investors would like to see more. Believe me, I know. But this past quarter illustrated activities in the process development world take a long time to unfold and are frequently secret..." For further context, when he says "Believe me, I know.", you need to be watching the CC webcast to see how animated he is when he says that. You can tell that it bugs the hell out of him not to be able to say more.

Anyway, I've highlighted several (what I consider to be) segments of the CC that I deem to be noteworthy.
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1) Idiots on other platforms have stated that the last news release is re-hash from a previous agreement that ATOM had with ST.
False.

Last week, we completed negotiations with ST on our first full commercial license for the production and sale of devices using MST technology, and today, the agreement was fully executed....sic(previously) signing an integration license with them in late 2018.

2) "We continue to work with JDA customer #1 in the Central Engineering Group and are working with various business units to find solutions that will work best for them. Up to now, we have not gotten to the point where we could announce a JDA in a specific solution area, but we remain actively engaged working towards one or more."

It would not surprise me to see an announcement out of the blue for multiple advancements here. That last sentence seems cryptic to me: "we remain actively engaged working towards one or more.

3) Same here.
Likewise, work with JDA #2 is ongoing with new experiments to follow up on our initial trials and as specified in our..., we will have milestone payments to announce

4) "In terms of the work that is underway in Phase 3, there are clusters of customer designs underway in the power area and in the RF SOI. Although we have to be cautious about what we say in the advanced node area because the universe of people developing this technology is quite small, we are working with one or more entities there as well. You can see the momentum we have in the advanced nodes area through our addition to the ASIC innovation coalition as well as the article last week in semiconductor engineering, quoting our employees extensively and even some recent patent activity."

Cryptic and telling at the same time. The ASIC coalition was announced a few weeks ago (picture of the sign) on both iHub (The Golden Lounge) & Twitter posts.

5) To all the chowder heads that were spouting off about how ATOM would have to now settle for lower revenue or even a buyout because the royalties weren't going to be there. False.

"...so we aren't going to give the exact terms of the contract, but I can tell you that for the last several years, we've been talking about a business model that had kind of our list price of upfront milestone payments would be -- is a total of about $3.2 million. And then our royalties that we were looking for a range between 1% and 3%. While I can't share with you where we are with this contract, I can tell you that we're close to our business model."

6) Of course there is a 'Domino Effect'

There's no -- nobody has told me we're not moving forward until someone else comes. But most of our
customers have talked about wanting to -- they couch it in different terms, but they say, who else is in production today, who else is going to production. To the extent that we were able to announce a small company that they didn't really respect as being a market leader, I don't think it would have had much impact -- but now we can announce STMicro. Of course, I think it will have a big impact.

For a more technical approach and explanation,this is a great post (SA article) and I admit I follow the author- this guy (@microcapreturns) on both SA and Twit-land.