News Stories and Press Releases

Everspin announced that Daniel Berenbaum is joining the company as Chief Financial Officer (CFO). Berenbaum will be relocating to Arizona from Singapore and will start at Everspin on July 15^th.

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This week, Chris and Martin dig deeper into storage media and look at magneto-resistive RAM, commonly known as MRAM in this conversation with Joe O’Hare, Director of Distribution and Product Marketing at Everspin Technologies. 

MRAM is a persistent memory technology that uses resistance to determine the state of data. Everspin, the leading provider of MRAM technologies offers two product types – Toggle and Spin Transfer Torque. These two solutions provide different characteristics of endurance and scaling, but both offer low latency reads and writes at around 35 nanoseconds.

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Everspin announced Kevin Conley, President and CEO, and Matt Tenorio, interim CFO, are scheduled to participate in the Craig-Hallum 17th Annual Institutional Investor Conference, which will be held as a virtual event on May 27, 2020. 

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Everspin announced financial results for the first quarter ended March 31, 2020. 

First Quarter and Recent Highlights 

• Total revenue increased sequentially and year-over-year to $10.1 million, exceeding the high-end of guidance
• Gross margin expanded to 52.9% from 47.7% in the prior year quarter
• GAAP loss improved to ($0.10) per share and non-GAAP loss to ($0.05), compared to ($0.25) and ($0.21), respectively, in year-ago quarter 
• Ended quarter with cash and equivalents of $14.0 million 

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Everspin announced Kevin Conley, President and CEO, and Matt Tenorio, interim CFO, are scheduled to participate in the Oppenheimer 5^th Annual Emerging Growth Conference, which is being held as a virtual event on May 12, 2020.

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Everspin will release its first quarter 2020 financial results after market close on Thursday, May 7, 2020. Kevin Conley, President and CEO, and Matt Tenorio, interim CFO, will host a conference call at 5:00 p.m. Eastern Time to discuss the Company’s financial results.

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Everspin's partner Cobham Advanced Electronic Solutions (CAES) recently presented a technical case study describing the versatility and performance of their jointly developed Toggle MRAM for space applications. Cobham Advanced Electronic Solutions is a worldwide leader in the space memory market and ships production-grade, space-qualified Magnetoresistive Random Access Memory (MRAM) based on Everspin’s world-class technology to provide the space industry with radiation hardened, highly reliable non-volatile memory that is immune to Single Event Upsets (SEU), low voltage Single Event Latchup (SEL), and Single Event Gate Rupture (SEGR). The products also provide unlimited endurance and a greater than 20-year retention across the -40° C to +105° C temperature range.   

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Electronic Design’s Bill Wong discusses MRAM, a future universal memory, with Everspin President and CEO Kevin Conley.

Magnetoresistive RAM (MRAM) continues to make strides, finding more uses as capacity and performance have increased. The long-term goal is a universal, nonvolatile memory. It has a growing partner ecosystem including support by the major fabs.

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Everspin announced an amendment of it’s Spin-transfer Torque (STT-MRAM) joint development agreement (JDA) with GLOBALFOUNDRIES® (GF®), the world’s leading specialty foundry. Everspin and GF have been partners on 40nm, 28nm, and 22nm STT-MRAM development and manufacturing processes and have now updated their agreement to set the terms for a future project on an advanced 12nm FinFET MRAM solution. Everspin is in production of discrete STT-MRAM solutions on 40 and 28nm, including its award winning 1Gb DDR4 device. GF recently announced it has achieved initial production of embedded MRAM (eMRAM) on its 22FDX^®platform. 

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Everspin announced financial results for the fourth quarter ended December 31, 2019. 

Fourth Quarter and Recent Highlights 

• Fourth quarter total revenue of $9.7 million was up 5% sequentially and at the high-end of guidance
• Ended year with cash and equivalents of $14.5 million
• Implemented restructuring to accelerate path to profitability
• Achieved second data center OEM qualification of 1Gb STT-MRAM
• Announced development of STT-MRAM for Industrial and IoT applications
• Signed joint development agreement extension with GLOBALFOUNDRIES for development of 12nm MRAM 

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