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