Everspin today announced financial results for the first fiscal quarter of 2021.
First Quarter 2021 Highlights
- Q1’21 revenue increased 1.7% year-over-year to $10.3 million
- Q1’21 GAAP net loss per share of ($0.02) was a significant improvement over both the prior quarter and year-ago periods
- Generated $1.6 million cash flow from operations in Q1’21, the third consecutive quarter with positive cash flow from operations
- Ended Q1’21 with cash and equivalents of $15.5 million