Everspin Reports Third Quarter 2020 Financial Results

November 5, 2020

Everspin announced financial results for the third quarter ended September 30, 2020. 

Third Quarter Highlights 

  • Total revenue increased 10.3% year-over-year to $10.1 million  
  • Operating expenses declined 24% over the prior year period 
  • GAAP net loss per share remained flat at ($0.21) compared to the third quarter of 2019
  • Generated $0.7 million cash flow from operations
  • Ended quarter with cash and equivalents of $13.9 million

Read the full press release