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, 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) has secured a $1.8 million contract with QuickLogic (NASDAQ: QUIK) to provide its AgILYST MRAM technology, logic design, and manufacturing services for developing a Strategic Radiation Hardened (SRH) FPGA. This contract is part of a larger $5.26 million Strategic Radiation Hardened Contract awarded to QuickLogic by the Department of Defense (DoD).
The project aims to support current and future DoD strategic and space system requirements. Everspin's involvement builds on its 12 years of experience in delivering MRAM IP for strategic radiation hardened and space applications. The collaboration also includes Honeywell, focusing on integrating MRAM directly into the FPGA product for DoD applications.
Everspin Technologies (NASDAQ: MRAM), the leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, has announced its upcoming second quarter 2024 financial results conference call. The company will release its financial results after market close on Wednesday, July 31, 2024. Following the release, Sanjeev Aggarwal, 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 performance. Investors and interested parties can access the live webcast and replay of the call through Everspin's investor relations website.
Everspin Technologies (NASDAQ: MRAM), a leader in Magnetoresistive Random Access Memory (MRAM) solutions, has announced leadership changes in its finance department. Matthew Tenorio has been appointed as Interim Chief Financial Officer, effective July 18, 2024, replacing Anuj Aggarwal, who is departing on July 26, 2024. Tenorio, who rejoined Everspin in June 2024 as a consultant, brings extensive experience from his previous roles at the company and other tech firms.
The company has initiated a search for a permanent CFO. Despite this transition, Everspin has reiterated its Q2 2024 guidance, expecting results to align with the outlook provided in its May 1, 2024 earnings release. This announcement suggests continuity in financial management and stability in the company's near-term performance expectations.
Everspin Technologies (NASDAQ: MRAM) announced its inclusion in the Russell 2000® Index as of July 1, 2024. The annual reconstitution of the Russell indexes identifies the 4,000 largest U.S. stocks based on market capitalization, ensuring automatic inclusion in either the Russell 1000® or 2000® Index.
This milestone underscores Everspin's commitment to scaling its business and enhancing its portfolio of MRAM persistent memory solutions. The inclusion in the Russell 2000® Index is expected to attract a broader range of investors, potentially expanding its shareholder base.
Everspin is a leading developer of MRAM technology, known for its superior data persistence, endurance, and reliability, catering to markets from data centers to edge devices. Approximately $10.5 trillion in assets are benchmarked against the Russell indexes, highlighting the significance of this inclusion.
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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