Everspin Reports Third Quarter 2019 Financial Results

November 7, 2019

Everspin announced financial results for the third quarter ended September 30, 2019. 

Third Quarter and Recent Highlights 

  • Total revenue was $9.2 million, up 6% sequentially and above the high-end of guidance
  • Achieved record STT-MRAM revenue, which included both 256Mb and 1Gb devices
  • Signed IP assignment and cross-licensing agreement with Seagate Technology, demonstrating the strength of its MRAM intellectual property portfolio
  • Expanded Toggle product portfolio with additional densities targeting new market applications
  • Reduced cash used for operations to $770,000 from $1.8 million in the prior quarter 

Read the full press release