Everspin Reports Fourth Quarter and Fiscal Year 2019 Financial Results

March 12, 2020

Everspin announced financial results for the fourth quarter ended December 31, 2019. 


Fourth Quarter and Recent Highlights 

  • Fourth quarter total revenue of $9.7 million was up 5% sequentially and at the high-end of guidance
  • Ended year with cash and equivalents of $14.5 million
  • Implemented restructuring to accelerate path to profitability
  • Achieved second data center OEM qualification of 1Gb STT-MRAM
  • Announced development of STT-MRAM for Industrial and IoT applications
  • Signed joint development agreement extension with GLOBALFOUNDRIES for development of 12nm MRAM 

Read the full press release