Press Archive for 2019

November 7, 2019

Everspin Reports Third Quarter 2019 Financial Results

Everspin announced financial results for the third quarter ended September 30, 2019. 

Third Quarter and Recent Highlights 

  • Total revenue was $9.2 million, up 6% sequentially and above the high-end of guidance
  • Achieved record STT-MRAM revenue, which included both 256Mb and 1Gb devices
  • Signed IP assignment and cross-licensing agreement with Seagate Technology, demonstrating the strength of its MRAM intellectual property portfolio
  • Expanded Toggle product portfolio with additional densities targeting new market applications
  • Reduced cash used for operations to $770,000 from $1.8 million in the prior quarter 

Read the full press release

October 30, 2019

Everspin to Participate at Craig-Hallum Alpha Select Conference on November 12

Everspin announced Jeff Winzeler, CFO, will participate at the Craig-Hallum Alpha Select Conference to be held at the Sheraton Times Square Hotel in New York, NY. Mr. Winzeler will be available to meet with investors throughout the day on Tuesday, November 12, 2019. 

Read the full press release

October 29, 2019

Everspin Expands Toggle MRAM Product Portfolio

Everspin announced the world’s first 32Mb Toggle MRAM product. Everspin’s new 32Mb Toggle MRAM (MR5A16A) provides twice the capacity of its current 16Mb solution and enables critical applications, such as storing configurations and setup and data logging in embedded systems that need a higher density option, while also providing the proven benefits of Everspin’s Toggle MRAM.

Read the full press release

October 24, 2019

Everspin to Host Third Quarter 2019 Earnings Call on November 7

Everspin will release its third quarter 2019 financial results after market close on Thursday, November 7, 2019. 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

August 16, 2019

Everspin to Participate at Jefferies Semiconductor, Hardware and Communications Infrastructure Summit on August 28

Everspin today announced Kevin Conley, President and CEO will participate at the Jefferies Semiconductor, Hardware and Communications Infrastructure Summit to be held at the Ritz-Carlton Hotel in Chicago, IL. Mr. Conley will be available to meet with investors throughout the day on Wednesday, August 28, 2019. 

Read the full press release

August 12, 2019

Everspin and Seagate Sign IP Patent Assignment and Licensing Agreements

Everspin announced an IP cross-licensing agreement with Seagate Technology (NASDAQ: STX), a world leader in data storage solutions. Both companies hold an extensive portfolio of IP that is further strengthened by this agreement including the assignment and licensing of MRAM patents from Seagate to Everspin as well as licensing of specific Tunneling Magnetoresistance (TMR) patents from Everspin to Seagate.

Read the full press release

August 8, 2019

Everspin Honored with Best of Show Award for Most Innovative Flash Memory Technology at Flash Memory Summit 2019

Everspin was honored with a Flash Memory Summit 2019 Best of Show Award for most innovative flash memory technology at last night’s awards ceremony.

Read the full press release

August 7, 2019

Everspin Reports Second Quarter 2019 Financial Results

Everspin announced financial results for the second quarter ended June 30, 2019. 

  • Total revenue was $8.6 million, at the high-end of revised guidance
  • Loss per share was ($0.21), a $0.04 per share sequential improvement
  • Operating expenses decreased sequentially by $1.3 million to $7.6 million as the 1Gb STT-MRAM device transitioned from R&D into production
  • Announced Phison Electronics and Sage Microelectronics to provide native support for 1Gb STT-MRAM in their enterprise SSD controller chips
  • Refinanced Company debt facility, substantially reducing the cash burn over the next 12 months

Read the full press release

August 6, 2019

Everspin Builds Ecosystem for 1-Gigabit Spin-transfer Torque Magnetoresistive Random Access Memory (STT-MRAM)

Everspin today announced several ecosystem partnerships for its 1-Gigabit (Gb) Spin-transfer Torque Magnetoresistive Random Access Memory (STT-MRAM) product. With volume production of MRAM devices spanning 128Kb to 256Mb and the growing demand for its ground-breaking 1 Gb STT-MRAM density part just entering production, Everspin is extending its leadership in MRAM memory component manufacturing. 

Read the full press release

August 5, 2019

Everspin Expands Spin-transfer Torque MRAM Ecosystem Support for its 1 Gigabit STT- MRAM with Cadence Design IP and Verification IP

Everspin announced it is expanding the ecosystem for its 1 Gb Spin-transfer Torque MRAM (STT-MRAM) with Cadence Design Systems, Inc. providing DDR4 Design IP (DIP) and Verification IP (VIP) support for Everspin’s 1 Gb STT-MRAM memory.

Read the full press release