Everspin Reports Second Quarter 2021 Financial Results

August 12, 2021

Everspin Technologies, Inc. announced financial results for the second fiscal quarter of 2021.

Second Quarter 2021 Highlights 

  • Q2’21 revenue increased 15% from the prior quarter to $11.85 million; this was an increase of $1.57 million compared to Q1’21 revenue. Q2’21 revenue was relatively flat to Q2’20 Revenue of $11.83 million.
  • The Company reported net income of $256k for Q2’21, compared to a net loss of $460k for Q1’21 and a net loss of $1.3 million for Q2’20.
  • Ended Q2’21 with cash and equivalents of $14.2 million. 

 Read the full press release