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. 

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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

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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.

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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.

 

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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. 

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February 7, 2018

Everspin Technologies Announces Proposed Public Offering of Common Stock

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. 

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January 18, 2018

Everspin Accelerates FinTech with nvNITRO Collaboration

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. 

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January 17, 2018

Everspin Begins 40nm STT-MRAM Volume Production

Chandler, AZ, January 17, 2018 — Everspin Technologies, Inc., the world's leading developer and manufacturer of discrete and embedded MRAM, today announced the Company recorded revenue for its first 40nm 256Mb STT-MRAM products in the fourth quarter of 2017 and is in the process of ramping its volume production in 2018. This achievement represents an important milestone for STT-MRAM as it is the enabling step for bringing the persistent memory to market.

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January 4, 2018

Everspin to Present at Needham Growth Conference

Chandler, AZ, January 4, 2018 — Everspin Technologies, Inc., the world's leading developer and manufacturer of discrete and embedded MRAM, today announced Kevin Conley, President and CEO, and Jeff Winzeler, CFO, will present at Needham & Company’s 20th Annual Growth Conference to be held January 17-18, 2018 at the Lotte New York Palace Hotel. The presentation is scheduled for Thursday, January 18th from 12:50 – 1:30PM EST. Management will be available to meet with investors on January 18th at the conference.

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November 13, 2017

Everspin Announces Third Quarter 2017 Financial Results

Chandler, AZ, November 13, 2017— Everspin Technologies, Inc., (Nasdaq:MRAM), today announced the company’s third quarter 2017 financial results for the quarter ended September 30, 2017.

Revenue for the third quarter of 2017 was a record $9.0 million, compared to $7.2 million for the third quarter of 2016. Everspin's GAAP net loss for the third quarter of 2017 was $5.4 million, or ($0.43) per share based on 12.6 million weighted-average shares outstanding, compared to a GAAP net loss of $1.4 million, or ($0.54) per share for the third quarter of 2016 based on 2.7 million weighted-average shares outstanding.

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