Welcome to our dedicated page for Everspin Technologies news (Ticker: MRAM), a resource for investors and traders seeking the latest updates and insights on Everspin Technologies stock.
Everspin Technologies, Inc., headquartered in Chandler, Arizona, is the worldwide leader in the design, manufacture, and commercial shipment of discrete and embedded Magnetoresistive RAM (MRAM), offering data persistence, superior performance, and endurance. With over 70 million MRAM products deployed across diverse markets such as data centers, cloud storage, energy, industrial, automotive, and transportation, Everspin has established the most robust and rapidly growing base of MRAM users worldwide.
Everspin's portfolio features advanced MRAM technologies like Toggle MRAM and Spin-transfer Torque MRAM (STT-MRAM). These technologies deliver unmatched reliability and performance in non-volatile memory, ensuring mission-critical data remains protected against power loss. The company’s revenue streams include sales of MRAM-based products, licensing and royalties on MRAM and magnetic sensor technologies, backend foundry services, and design services for third parties.
Operating in key geographic regions such as North America, Europe, the Middle East, and Africa (EMEA), and the Asia-Pacific (APAC), Everspin maintains a strong global presence. Its products are integral to applications demanding high data integrity and endurance, making them essential in sectors where data loss is not an option.
Recent achievements for Everspin include expanding its product line and growing its market share in strategic industries. The company continues to innovate in MRAM technology, driving advancements that enhance the performance and reliability of memory solutions globally. For more detailed information and the latest updates, visit Everspin Technologies.
Everspin Technologies (NASDAQ: MRAM), a leader in magnetoresistive random access memory (MRAM) solutions, announced a schedule change for its presentation at the Maxim Virtual TMT Conference.
The company will now present on June 5, 2024, at 1:30 p.m. Eastern Time. A live webcast and replay will be accessible on Everspin's investor relations website.
Everspin Technologies (NASDAQ: MRAM) has announced that Sanjeev Aggarwal, its President and CEO, will present at two upcoming investor conferences. The first event is the Maxim Virtual TMT Conference on June 5 at 9:30 a.m. Eastern Time, which will feature a fireside chat format. The second event is the Baird Global Consumer, Technology, Services Conference on June 6 at 12:50 p.m. Eastern Time, where Aggarwal will give a presentation. Live webcasts and replays of these presentations will be available on Everspin's investor relations website.
Everspin Technologies, Inc. reported Q1’24 revenue of $14.4 million, near the high end of guidance, with GAAP net income falling below expectations. The company highlighted wins with IBM and entry into a foundry services agreement. Total revenue decreased from the previous year, with MRAM product sales and gross margin also down. The company ended the quarter with a strong balance sheet. For Q2 2024, Everspin expects revenue in the range of $10.0 million to $11.0 million, with a projected net loss per share. The outlook is subject to various external conditions, including market volatility and geopolitical risks.
Everspin Technologies announced that IBM has selected their PERSYST EMD4E001G 1Gb STT-MRAM for IBM's FlashCore Module 4, ensuring data integrity during power loss. The technology provides high read/write bandwidth, instant non-volatility, and sets the standard for persistent memory performance. Everspin's innovative technology is praised by IBM for robustness and quality.
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