Everspin Reports Fourth Quarter and Fiscal Year 2018 Financial Results

Published: 
March 14, 2019

Fourth Quarter Revenue Increases 21% Year-over-Year and Full Year Revenue Grows 38%

Chandler, AZ, March 14, 2019 — Everspin Technologies, Inc. (Nasdaq: MRAM), the market leader in MRAM, today announced financial results for the fourth quarter and full year ended December 31, 2018.

Fourth Quarter and Full Year Highlights 

  • Fourth quarter total revenue grew 21% year-over-year to $12.3 million
  • Full year total revenue grew 38% over 2017 to $49.4 million, with MRAM product revenue increasing 40%
  • Shipped world’s first pre-production customer samples of 28nm 1Gb STT-MRAM product
  • Increased volume production of 40nm 256Mb STT-MRAM in support of lead flash array customer

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