News Stories and Press Releases

Everspin Technologies, Inc. (NASDAQ: MRAM), the market leader in MRAM, today announced financial results for the second quarter ended June 30, 2020. 

Second Quarter and Recent Highlights 

• Total revenue increased 37% year-over-year and 17% sequentially to $11.8 million  
• Operating expenses declined 18% over the prior year period
• GAAP loss improved to $1.3 million, or ($0.07) per share, and non-GAAP loss to $0.4 million, or ($0.02), compared to $3.7 million, or ($0.21) per share, and $2.9 million, or ($0.17) per share, respectively, in the second quarter of 2019
• Achieved positive adjusted EBITDA of $0.2 million, compared to a negative ($2.2) million in the year-ago quarter
• Appointed Daniel Berenbaum CFO bringing strong semiconductor finance and Wall Street experience to the executive team 
• Ended quarter with cash and equivalents of $12.9 million

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Everspin will release its second quarter 2020 financial results after market close on Thursday, August 6, 2020. Kevin Conley, President and CEO, and Daniel Berenbaum, CFO, will host a conference call at 5:00 p.m. Eastern Time to discuss the Company’s financial results.

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An interview with Kevin Conley, President and CEO of Everspin Technologies by the Wall Street Transcript.

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Everspin announced that Daniel Berenbaum is joining the company as Chief Financial Officer (CFO). Berenbaum will be relocating to Arizona from Singapore and will start at Everspin on July 15^th.

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This week, Chris and Martin dig deeper into storage media and look at magneto-resistive RAM, commonly known as MRAM in this conversation with Joe O’Hare, Director of Distribution and Product Marketing at Everspin Technologies. 

MRAM is a persistent memory technology that uses resistance to determine the state of data. Everspin, the leading provider of MRAM technologies offers two product types – Toggle and Spin Transfer Torque. These two solutions provide different characteristics of endurance and scaling, but both offer low latency reads and writes at around 35 nanoseconds.

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Everspin announced Kevin Conley, President and CEO, and Matt Tenorio, interim CFO, are scheduled to participate in the Craig-Hallum 17th Annual Institutional Investor Conference, which will be held as a virtual event on May 27, 2020. 

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Everspin announced financial results for the first quarter ended March 31, 2020. 

First Quarter and Recent Highlights 

• Total revenue increased sequentially and year-over-year to $10.1 million, exceeding the high-end of guidance
• Gross margin expanded to 52.9% from 47.7% in the prior year quarter
• GAAP loss improved to ($0.10) per share and non-GAAP loss to ($0.05), compared to ($0.25) and ($0.21), respectively, in year-ago quarter 
• Ended quarter with cash and equivalents of $14.0 million 

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Everspin announced Kevin Conley, President and CEO, and Matt Tenorio, interim CFO, are scheduled to participate in the Oppenheimer 5^th Annual Emerging Growth Conference, which is being held as a virtual event on May 12, 2020.

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Everspin will release its first quarter 2020 financial results after market close on Thursday, May 7, 2020. Kevin Conley, President and CEO, and Matt Tenorio, interim CFO, will host a conference call at 5:00 p.m. Eastern Time to discuss the Company’s financial results.

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Everspin's partner Cobham Advanced Electronic Solutions (CAES) recently presented a technical case study describing the versatility and performance of their jointly developed Toggle MRAM for space applications. Cobham Advanced Electronic Solutions is a worldwide leader in the space memory market and ships production-grade, space-qualified Magnetoresistive Random Access Memory (MRAM) based on Everspin’s world-class technology to provide the space industry with radiation hardened, highly reliable non-volatile memory that is immune to Single Event Upsets (SEU), low voltage Single Event Latchup (SEL), and Single Event Gate Rupture (SEGR). The products also provide unlimited endurance and a greater than 20-year retention across the -40° C to +105° C temperature range.   

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