News Stories and Press Releases

The European leader in embedded hardware reprogramming will take advantage of one of the most important global events in the electronics industry to present a joint demo board with Everspin Technologies

Chandler, AZ June 17, 2022 – Menta will showcase a joint demo board with Everspin Technologies, the world’s leading provider of Magnetoresistive non-volatile memory (MRAM), at Embedded World in Nuremberg Germany from June 21-23.

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Chandler, AZ June 15, 2022 – Everspin Technologies, Inc. (NASDAQ:MRAM), the world’s leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, will be showcasing its newest STT-MRAM, the EMxxLX series of high-speed, persistent memory at Embedded World 2022 in Nuremberg, Germany. The premier tradeshow runs from June 21-23, with the Everspin booth in Hall 3A-203. Everspin President and CEO, Sanjeev Aggarwal, will be giving a talk at the event on June 21, 11am CEST in session 10.4. He will be addressing MRAM Technology and Applications for the IoT and FPGA Market.

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Everspin says that the new EMxxLX family offers the world's highest performance persistent memory with full read and write bandwidth of 400 Megabytes per second through the new JEDEC expanded Serial Peripheral Interface (xSPI) standard interface.

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Everspin has announced that the company has begun customer sampling of its new family of SPI/QSPI/xSPI interface MRAM products. The EMxxLX is the world’s highest performance persistent memory with full read and write bandwidth of 400 Megabytes per second through the new JEDEC expanded Serial Peripheral Interface (xSPI) standard interface. With densities ranging from 8Mbit up to 64Mbit, this family of products is targeted for use in industrial IoT and embedded systems applications.

“The EMxxLX family provides a breakthrough level of performance along with an ease-of-use approach. This is achieved by conforming to a broad range of SPI/QSPI/xSPI industry standards, and by bringing extremely high bandwidth, low latency, non-volatile writing capability. These features will both enhance and simplify system design for use with practically all microcontroller, microprocessor, and FPGA platforms already in the market.”, said Sanjeev Aggarwal, President and CEO of Everspin Technologies.

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Everspin announced the appointment of Sanjeev Aggarwal as Everspin’s President and Chief Executive Officer (CEO), effective March 14, 2022.  Effective on such date, Darin Billerbeck, Everspin’s Executive Chairman of the Board and Interim CEO will resign as Interim CEO and will continue to serve as Executive Chairman of the Board.  Mr. Aggarwal is also being elected as a member of Everspin’s board of directors, effective March 14, 2022.

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Everspin announced preliminary unaudited financial results for the third fiscal quarter of 2021.

Third Quarter 2021 Highlights

• Q3’21 revenue increased 25% and $2.9 million from $11.9 million in the prior quarter to $14.8 million. This is an increase of 46.5% compared to $10.1 million of revenue in Q3’20. 
• The Company reported record net income of $880k for Q3’21, resulting in year-to-date net income for FY2021 of $676k. This is compared to a net loss reported of $3.9 million for Q3’20, with a prior year-to-date net loss of $6.9 million for the nine months ended September 30, 2020.
• Ended Q3’21 with cash and equivalents of $14.6 million; which is an increase from $14.2 million reported in the prior quarter. 

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Everspin Technologies, Inc. announced financial results for the second fiscal quarter of 2021.

Second Quarter 2021 Highlights 

• Q2’21 revenue increased 15% from the prior quarter to $11.85 million; this was an increase of $1.57 million compared to Q1’21 revenue. Q2’21 revenue was relatively flat to Q2’20 Revenue of $11.83 million.
• The Company reported net income of $256k for Q2’21, compared to a net loss of $460k for Q1’21 and a net loss of $1.3 million for Q2’20.
• Ended Q2’21 with cash and equivalents of $14.2 million. 

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Everspin has announced that Lucid Motors has designed-in its 256 Kilobit MRAM into the master powertrain system of its innovative Lucid Air all-electric luxury sedan.

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Everspin today announced financial results for the first fiscal quarter of 2021.

First Quarter 2021 Highlights 

• Q1’21 revenue increased 1.7% year-over-year to $10.3 million  
• Q1’21 GAAP net loss per share of ($0.02) was a significant improvement over both the prior quarter and year-ago periods
• Generated $1.6 million cash flow from operations in Q1’21, the third consecutive quarter with positive cash flow from operations
• Ended Q1’21 with cash and equivalents of $15.5 million

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Everspin will release its first quarter 2021 financial results after market close on Thursday, May 6, 2021. Darin Billerbeck, Executive Chairman and Interim CEO, will host a conference call at 5:30 p.m. Eastern Time to discuss the Company’s financial results.

The conference call will be broadcast live in listen-only mode on the investor relations website at investor.everspin.com.

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