Press

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

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.

Read the full press release

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 20^th Annual Growth Conference to be held January 17-18, 2018 at the Lotte New York Palace Hotel. The presentation is scheduled for Thursday, January 18^th from 12:50 – 1:30PM EST. Management will be available to meet with investors on January 18^th at the conference.

Read the full press release

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.

Read the full press release

Chandler, AZ, November 13, 2017— Everspin Technologies, Inc., (Nasdaq:MRAM), today announced the appointment of Norm Armour as Vice President of Operations, responsible for  managing Everspin’s captive and partner fab operations, equipment manufacturer partnerships and global operations. Angelo Ugge, who previously served as Vice President of Operations and Business Development, will devote his full attention to his role as Vice President of Business Development, the position that he was initially hired into. Both Amour and Ugge will report directly to Kevin Conley, Everspin’s President and CEO.

 Read the full press release

Chandler, AZ, November 13, 2017 — Everspin Technologies, Inc. (NASDAQ: MRAM), is demonstrating an industry-transforming technology at this year’s Supercomputing 17, November 13-16 at the Colorado Convention Center. Supercomputing 17 is the leading worldwide high-performance computing event and Everspin Technologies, in conjunction with SMART Modular Technologies, will be demonstrating how the SMART Modular storage accelerator can drive up to a 9X improvement in lossless transaction logging over enterprise SSDs. Industries governed by regulations that demand immediate logging, such as the financial services industry, can see significant application performance increases as a result of the low latency that Everspin’s nvNITRO™ technology delivers.

Read the full press release

Chandler, AZ, November 2, 2017— Everspin Technologies, Inc., (Nasdaq:MRAM), today announced that it will report results for its fiscal third quarter 2017 after the market closes  on Monday, November 13, 2017. Following the issuance of the company’s financial results press release, interested parties can listen to a live webcast of the company's  conference call which will start at 4:30 p.m. Eastern Time by visiting the Investor Relations section of Everspin’s website. 

Read the full press release

CHANDLER, Ariz., Aug. 23, 2017 -- Everspin Technologies, Inc. (Nasdaq: MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM), today announced it had named Kevin Conley as its President and Chief Executive Officer effective Sept. 1. Conley succeeds Phill LoPresti as the company moves aggressively to capitalize on Storage Class Memory opportunities with its MRAM technology leadership.

Read the full press release

Chandler, AZ, August 10, 2017— Everspin Technologies, Inc. (Nasdaq:MRAM), the world's leading developer and manufacturer of discrete and embedded Magnetoresistive Random Access Memory (MRAM), today announced the company’s second quarter 2017 financial results for the quarter ended June 30, 2017.

Read the full press release