Published:
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.