Press Archive for 2018

Chandler, AZ, May 9, 2018 — Everspin Technologies, Inc. (NASDAQ: MRAM), the world's leading developer and manufacturer of discrete and embedded MRAM, today announced financial results for the first quarter ended March 31, 2018. 

First Quarter Highlights 

• Record total revenue of $14.9 million, including $5.5 million of licensing, royalty, and other revenue
• Gross margin for the quarter was a record 67%, primarily driven by licensing revenue
• Everspin’s partner, SMART Modular Technologies, completed product qualification and began shipping its nvNITRO accelerator card featuring MRAM technology
• Ended the quarter with cash balance of $33.9 million, compared to $13.0 million last quarter, reflecting the successful secondary offering in February 

Read the full press release

Chandler, AZ, April 25, 2018— Everspin Technologies, Inc. (NASDAQ: MRAM), the world's leading developer and manufacturer of discrete and embedded MRAM, will release its first quarter 2018 financial results after market close on Wednesday, May 9, 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.

Read the full press release

Chandler, AZ, March 26, 2018 — Everspin Technologies, Inc., the world's leading developer and manufacturer of discrete and embedded MRAM, today announced that it has named Rizwan Ahmed as Vice President of Strategic Marketing and has promoted Jim Everett to Vice President of Human Resources. These changes further strengthen Everspin’s executive staff and prepare the company for continued growth.

Read the full press release

Chandler, AZ, March 19, 2018 — Everspin Technologies, Inc. (NASDAQ:  MRAM), the world's leading developer and manufacturer of discrete and embedded magnetoresistive random access memory (MRAM), today announced it has entered into a multi-year worldwide licensing agreement with Alps Electric Co., LTD (Alps), a manufacturer of 3D magnetic sensors. Under the agreement, Alps and Everspin will mutually grant licenses to magnetoresistive-based 3D sensor patent portfolios for magnetoresistive sensor products. The terms of the agreement include an up-front license fee to Everspin as well as future royalties.  Specific financial terms of the agreement are not being disclosed. 

Read the full press release

Chandler, AZ, February 27, 2018 — Everspin Technologies, Inc. (NASDAQ: MRAM), the world's leading developer and manufacturer of discrete and embedded MRAM, will release its fourth quarter and fiscal year 2017 financial results after market close on Thursday, March 15, 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.

Read the full press release

Chandler, AZ – February 8, 2018 – Everspin Technologies, Inc. today announced the pricing of its previously announced underwritten public offering of 3,600,000 shares of its common stock at a public offering price of $7.00 per share, before underwriting discounts and commissions. All of the shares of common stock are being offered by Everspin. In addition, Everspin has granted the underwriters a 30-day option to purchase up to an additional 540,000 shares of common stock at the public offering price less underwriting discounts and commissions. The offering is expected to close on or about February 12, 2018, subject to the satisfaction of customary closing conditions.

Read the full press release

Chandler, AZ, February 7, 2018 — Everspin Technologies, Inc., the world's leading developer and manufacturer of discrete and embedded MRAM, today announced certain preliminary unaudited financial results for the fourth quarter ended December 31, 2017.

Total revenue for the fourth quarter of 2017 is estimated to be in the range of $10.0 million to $10.2 million, compared to revenue of $9.0 million in the third quarter of 2017 and $7.1 million in the fourth quarter of 2016. 

GAAP gross margin for the fourth quarter of 2017 is estimated to range between 59% and 61%, compared to 58.3% in the previous quarter and 45.8% in the prior year quarter. 

Read the full press release

Chandler, AZ – February 7, 2018 – Everspin Technologies, Inc. today announced that it plans to offer shares of its common stock in an underwritten public offering. All of the shares of common stock are being offered by Everspin. In addition, Everspin intends to grant the underwriters a 30-day option to purchase up to an aggregate of an additional 15% of the shares of its common stock in connection with the offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Stifel is acting as the book-running manager for the offering. 

Read the full press release

Chandler, AZ, January 18, 2018 — Everspin Technologies, Inc. (NASDAQ: MRAM), the world's leading developer and manufacturer of discrete and embedded MRAM, today announced the first application white paper release for the nvNITRO™ solution, being jointly delivered with SMART Modular Technologies, Inc., a subsidiary of SMART Global Holdings, Inc. (NASDAQ:SGH). Everspin and SMART have collaboratively worked on the development of the nvNITRO NVMe storage accelerator and are focusing on jointly developing several vertical markets. The initial focus will be on the financial technology (FinTech) sector, where nvNITRO can increase data throughput and reduce critical storage bottlenecks, unlocking operational value while also satisfying data persistence requirements. 

Read full press release