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