News Stories and Press Releases

Fourth Quarter Revenue Increases 21% Year-over-Year and Full Year Revenue Grows 38%

Chandler, AZ, March 14, 2019 — Everspin Technologies, Inc. (Nasdaq: MRAM), the market leader in MRAM, today announced financial results for the fourth quarter and full year ended December 31, 2018.

Fourth Quarter and Full Year Highlights 

• Fourth quarter total revenue grew 21% year-over-year to $12.3 million
• Full year total revenue grew 38% over 2017 to $49.4 million, with MRAM product revenue increasing 40%
• Shipped world’s first pre-production customer samples of 28nm 1Gb STT-MRAM product
• Increased volume production of 40nm 256Mb STT-MRAM in support of lead flash array customer

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Everspin Technologies, Inc., today announces that it commenced shipment of pre-production customer samples of its 28 nm 1-Gigabit (Gb) Spin-transfer Torque  Magnetoresistive Random Access Memory (STT-MRAM) product in December 2018.

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SMART Modular Technologies, Inc., has partnered with Everspin Technologies, Inc., to enable the launch of the new Spin-Transfer Torque MRAM (STT-MRAM)-based nvNITRO Storage Accelerator. The nvNITRO is ideally suited for synchronous logging applications such as those used for financial trading. 

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Chandler, AZ, November 8, 2018 — Everspin Technologies, Inc. (Nasdaq: MRAM), the world's leading developer and manufacturer of discrete and embedded MRAM, today announced financial results for the third quarter ended September 30, 2018.

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Chandler, AZ, November 5, 2018 — Everspin Technologies, Inc. (NASDAQ: MRAM), the world's leading developer and manufacturer of Magnetoresistive RAM (MRAM), entered into a multi-year partnership with SilTerra, a world-class semiconductor manufacturing services company located in Kulim, Malaysia, to create additional manufacturing capacity for Toggle MRAM products.  This partnership is part of a three-way agreement between Everspin, SilTerra and Bosch Sensortec, a licensee of Everspin’s TMR sensor intellectual property.

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Chandler, AZ, October 31, 2018 — Everspin Technologies, Inc. (NASDAQ: MRAM), the market leader in MRAM, today announced that Jeff Winzeler, CFO, will participate at two conferences in New York City, including the Needham Networking, Communications & Security Conference at the Millennium Broadway Hotel on Tuesday, November 13, 2018, and the Craig-Hallum Alpha Select Conference at the Sheraton Times Square Hotel on Thursday, November 15, 2018.

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CHANDLER, Ariz.--(BUSINESS WIRE)--Oct. 25, 2018-- Everspin Technologies, Inc. (NASDAQ: MRAM), the market leader in MRAM, will review its third quarter 2018 financial results after market close on Thursday, November 8, 2018. Kevin Conley, President and CEO, and Jeff Winzeler, CFO, will host a conference call at 5:00 p.m. Eastern Time to discuss the Company’s financial results.

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Chandler, AZ, August 24, 2018 — Everspin Technologies, Inc. (NASDAQ: MRAM), the market leader in MRAM, today announced that Darin Billerbeck, former CEO of Lattice Semiconductor, has been elected to Everspin’s Board of Directors.

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Niche technologies like MRAM (magnetoresistive random access memory) have lived on the fringes of the mainstream memory business for decades. They tend to offer fringe benefits that make them attractive for certain, specific applications but are typically stuck with baggage that prevents them from addressing a wider space. A new announcement from IBM suggests MRAM could be moving into larger markets with more customers, courtesy of a new agreement with Everspin.

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