Welcome to our dedicated page for Everspin Technol news (Ticker: MRAM), a resource for investors and traders seeking the latest updates and insights on Everspin Technol stock.
Everspin Technologies (MRAM) is a global leader in Magnetoresistive RAM solutions, delivering mission-critical memory technology for data centers, automotive systems, and industrial applications. This page provides investors and industry professionals with centralized access to official company announcements and market-relevant updates.
Discover comprehensive coverage of Everspin's latest developments including earnings reports, product innovations, and strategic partnerships. Our curated news collection ensures you stay informed about advancements in non-volatile memory technology and their impact across key sectors.
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Bookmark this page for real-time access to essential MRAM industry intelligence. Check back frequently to monitor how Everspin's persistent memory technology continues to address evolving demands in data integrity and high-performance computing.
Everspin Technologies (NASDAQ: MRAM), a leading manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, has scheduled its first quarter 2025 financial results announcement for Wednesday, April 30, 2025, after market close.
The company will host a conference call at 5:00 p.m. Eastern Time on the same day, featuring President and CEO Sanjeev Aggarwal and CFO Bill Cooper to discuss the quarterly results. Investors can access both the live call and replay through the company's investor relations website at https://investor.everspin.com/.
Everspin Technologies (NASDAQ: MRAM) has announced an expansion of its high-reliability MRAM portfolio with new automotive-grade offerings. The new PERSYST EM064LX HR and EM128LX HR products operate at temperatures from -40°C to +125°C, meeting AEC-Q100 Grade 1 automotive standards.
These new memory solutions, available in 64Mb and 128Mb capacities, feature Quad SPI Interface compatibility and faster write speeds compared to NOR Flash. The products are specifically designed for aerospace, defense, and extreme industrial environments, with particular emphasis on Low Earth orbit (LEO) satellite applications requiring radiation tolerance.
Engineering samples will be available in June 2025, with full production scheduled for late 2025. The company is showcasing these products at Embedded World 2025, featuring demonstrations including PERSYST EMxxLX, OpenMV Camera Application, and evaluation board demos developed with Arrow, Lattice, and MAS Elettronica.
Everspin Technologies (NASDAQ: MRAM) has secured a strategic contract worth up to $10.5 million over four years to collaborate with Purdue University's consortium on the CHEETA (CMOS+MRAM Hardware for Energy Efficient AI) program. The initial phase is valued at approximately $4 million.
The project aims to explore MTJ-based In-Memory Compute (IMC) macros for next-generation neural accelerators, utilizing Everspin's AgILYST MRAM technology. The implementation is expected to significantly reduce memory transaction power and latency compared to traditional methods.
Everspin will provide MRAM IP, manufacturing services, and design support through their Chandler, Arizona facility, which has experience in both commercial MRAM and radiation-hardened solutions for the Department of Defense.
Everspin Technologies (NASDAQ: MRAM) reported Q4 2024 financial results with revenue of $13.2 million, down from $16.7 million in Q4 2023. The company achieved 178 design wins in 2024.
Q4 highlights include MRAM product sales of $11.0 million, gross margin of 51.3%, and GAAP net income of $1.2 million ($0.05 per diluted share). Cash position strengthened to $42.1 million.
Full year 2024 results showed total revenue of $50.4 million compared to $63.8 million in 2023, with MRAM product sales of $42.2 million. The company maintained a gross margin of 51.8% and reported GAAP net income of $0.8 million ($0.04 per diluted share).
For Q1 2025, Everspin projects revenue between $12-13 million with an expected GAAP net loss per share between $(0.10) and $(0.05).
Everspin Technologies (NASDAQ: MRAM) announced that its PERSYST MRAM has been validated for configuration across all Lattice Semiconductor Field Programmable Gate Arrays (FPGA). The validation, enabled through the Lattice Radiant™ software suite, positions MRAM as a superior alternative to traditional flash memory for FPGA configuration.
The PERSYST MRAM offers significant advantages over NOR flash, including higher endurance, faster read/write speeds, and better data retention. These features make it particularly suitable for mission-critical applications in industrial, aerospace, military, and automotive sectors. The PERSYST EMxxLX MRAM family, available with capacities up to 128Mb, is currently shipping in industry-standard packages.
Everspin Technologies (NASDAQ: MRAM), a leading manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, has scheduled its fourth quarter and full year 2024 financial results announcement for Wednesday, February 26, 2025, after market close. The company will host a conference call at 5:00 p.m. Eastern Time on the same day, featuring President and CEO Sanjeev Aggarwal and CFO Bill Cooper to discuss the financial results. Investors can access the webcast through the company's investor relations website.
Everspin Technologies (NASDAQ: MRAM) has appointed William 'Bill' Cooper as Chief Financial Officer, effective January 6, 2025. Cooper joins from Advanced Micro Devices (AMD), where he served as Director of Financial Planning and Analysis, overseeing global planning and budgeting processes since 2017.
Cooper brings 20 years of semiconductor experience, including previous roles at Volex plc as CFO of the Data Division (2015-2016) and various executive finance positions at AMD (2004-2015). His background also includes experience in the medical device industry and public accounting with PricewaterhouseCoopers LLP.
Matt Tenorio, who has served as Interim CFO since July 2024, will temporarily remain as Vice President, Finance to ensure a smooth transition.
Everspin Technologies reported Q3 2024 financial results with revenue of $12.1 million, meeting guidance but down from $16.5 million in Q3 2023. MRAM product sales were $10.4 million, while licensing and royalty revenue was $1.7 million. The company achieved a gross margin of 49.2% and GAAP net income of $2.3 million ($0.10 per diluted share). For Q4 2024, Everspin projects revenue between $12-13 million and GAAP net income per diluted share of $0.00-$0.05.
Everspin Technologies (NASDAQ: MRAM), the leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, has announced its upcoming third quarter 2024 financial results conference call. The company will release its financial results after market close on Wednesday, October 30, 2024.
The conference call will be hosted by Sanjeev Aggarwal, President and Chief Executive Officer, and Matt Tenorio, Interim Chief Financial Officer. The call is scheduled for 5:00 p.m. Eastern Time on the same day. Investors and interested parties can access the webcast of the conference call through the company's investor relations website at https://investor.everspin.com/, where both live and replay options will be available.
Everspin Technologies, Inc. (NASDAQ: MRAM) announced that Lucid Motors will use its PERSYST MRAM in the recently released Gravity SUV. The MR25H256A, a 256Kb serial MRAM, was chosen for its compliance with the AEC Q100 Grade 1 specification, operating at temperatures from -40C to 125C. This MRAM will be used for data logging and parameter storage to enhance the efficient operation of the all-electric powertrain.
Everspin's PERSYST MRAM is also used in the Lucid Air, showcasing its reliability and performance in demanding environments. The PERSYST family offers the highest performing persistent memory in the industry, featuring virtually infinite write endurance, fast write speed, and low read latency. These characteristics make it ideal for handling stringent memory workloads and protecting vital user data, even during power loss or interruption.
