Press
May 30, 2018
Everspin to Present at the Stifel Cross Sector Insight Conference on June 12
Chandler, AZ, May 30, 2018 — Everspin Technologies, Inc.(NASDAQ: MRAM), the world's leading developer and manufacturer of discrete and embedded MRAM, today announced that Jeff Winzeler, CFO, will present at the Stifel Cross Sector Insight Conference to be held at the InterContinental Hotel in Boston, MA. Management is scheduled to present at 8:35 a.m. ET on Tuesday, June 12, 2018 and will be available to meet with investors throughout the day.
May 16, 2018
Everspin to Participate at the Cowen TMT Conference on May 31
Chandler, AZ, May 16, 2018 — Everspin Technologies, Inc.(NASDAQ: MRAM), the world's leading developer and manufacturer of discrete and embedded MRAM, today announced that Jeff Winzeler, CFO, will participate at the Cowen 46thAnnual Technology, Media and Telecom Conference on Thursday, May 31, 2018 at the Lotte New York Palace Hotel and will be available to meet with investors all day.
May 9, 2018
Everspin Reports First Quarter 2018 Financial Results
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
April 25, 2018
Everspin to Announce First Quarter 2018 Financial Results on May 9
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.
March 26, 2018
Everspin Bolsters Executive Team with Promotion and New Hire
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.
March 19, 2018
Everspin Signs Long-term Patent License Agreement with Alps Electric
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.
March 15, 2018
Everspin Reports Fourth Quarter and Fiscal Year 2017 Financial Results
Chandler, AZ, March 15, 2018 — Everspin Technologies, Inc. (NASDAQ: MRAM), the world's leading developer and manufacturer of discrete and embedded MRAM, today announced financial results for the fourth quarter and fiscal year ended December 31, 2017.
Fourth Quarter Revenue Increases 43% Year-Over-Year and Full Year Revenue Grows 33% over 2016; Both Setting New Records
February 27, 2018
Everspin to Announce Fourth Quarter and Fiscal Year 2017 Results on March 15
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.
February 8, 2018
Everspin Technologies Announces Pricing of its Underwritten Public Offering
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.
February 7, 2018
Everspin Reports Preliminary Financial Results for the Fourth Quarter 2017
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.