Everspin Reports Second Quarter 2019 Financial Results

August 7, 2019

Everspin announced financial results for the second quarter ended June 30, 2019. 

  • Total revenue was $8.6 million, at the high-end of revised guidance
  • Loss per share was ($0.21), a $0.04 per share sequential improvement
  • Operating expenses decreased sequentially by $1.3 million to $7.6 million as the 1Gb STT-MRAM device transitioned from R&D into production
  • Announced Phison Electronics and Sage Microelectronics to provide native support for 1Gb STT-MRAM in their enterprise SSD controller chips
  • Refinanced Company debt facility, substantially reducing the cash burn over the next 12 months

Read the full press release