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Everspin Technol - MRAM STOCK NEWS

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.

Overview

Everspin Technologies specializes in the design, fabrication, and distribution of advanced Magnetoresistive Random Access Memory (MRAM) solutions that are critical for markets demanding robust data persistence, high performance, and reliable endurance. As one of the foremost innovators in the non-volatile memory space, Everspin leverages its in-depth expertise in MRAM technology to deliver products that ensure mission-critical data integrity across a diverse range of applications, including data centers, cloud storage systems, energy infrastructures, industrial machinery, automotive electronics, and transportation systems.

Core Business and Technology

Everspin Technologies has built its reputation on its ability to engineer discrete and embedded MRAM solutions that meet the stringent reliability and speed requirements of modern electronic systems. The company develops products that are specifically engineered to retain data even in the absence of power, making them indispensable in scenarios where data loss is not an option. Utilizing both Toggle MRAM and Spin-Transfer Torque MRAM methodologies, the firm capitalizes on unique design advantages that set its solutions apart from conventional memory technologies.

Product Portfolio and Revenue Model

The company’s product lineup encompasses a broad range of MRAM technologies that can be deployed as discrete components or embedded solutions in integrated systems. Revenue is generated through multiple channels including the direct sale of MRAM-based products, licensing and royalty agreements on its magnetic sensor and MRAM technologies, and the provision of backend foundry and design services for third-party collaborations. This diversified revenue model underscores the company\s ability to serve various market segments and geographical regions.

Industry Applications and Market Significance

Everspin\s MRAM products are at the heart of applications where data persistence and rapid performance are non-negotiable. In data centers and cloud infrastructures, where maintaining data integrity is paramount, the company’s MRAM solutions provide a reliable alternative to traditional memory forms. Similarly, in the industrial and automotive sectors, the robustness and durability of MRAM play a crucial role in maintaining operational efficiency under challenging environmental conditions. This broad applicability across mission-critical markets solidifies Everspin\s position as a key technology provider.

Global Reach and Operational Footprint

Headquartered in Chandler, Arizona, Everspin Technologies operates on a global scale with a revenue recognition framework that spans North America, Europe, the Middle East, Africa (EMEA), and the Asia-Pacific (APAC) region. This worldwide presence enables the company to meet diverse market demands and maintain strong customer relationships in multiple industrial sectors.

Competitive Landscape and Differentiation

Within the rapidly evolving semiconductor industry, Everspin faces competition from traditional memory manufacturers and emerging technology innovators. However, its specialization in MRAM technology positions it distinctively by offering non-volatile memory solutions that combine high-speed performance with exceptional endurance. The company\s commitment to quality design and robust manufacturing processes further differentiates its products from competitors, ensuring customers receive a reliable memory solution that can be trusted in critical applications.

Technological Expertise and Innovation

Everspin Technologies is recognized for its pioneering work in magnetic memory systems. The company consistently reinvests in research and development to push the boundaries of MRAM performance. By integrating advanced semiconductor processing techniques with novel magnetic sensor technologies, Everspin demonstrates a methodical approach to innovation that solidifies its technical authority in the field. These efforts not only enhance the company\s product portfolio but also contribute significantly to the evolution of memory technologies on a global scale.

Operational Excellence and Quality Assurance

At the core of Everspin\s success is an unwavering commitment to operational excellence and quality control. The company adheres to stringent manufacturing standards, ensuring that every MRAM product meets the high criteria required for deployment in industrial, automotive, and data-intensive environments. This dedication to quality is further enhanced by comprehensive design and backend foundry services geared toward maintaining consistent performance and reliability across its product spectrum.

Conclusion

In summary, Everspin Technologies represents a cornerstone in the field of advanced memory technologies. By focusing on the unique benefits of MRAM, the company addresses the critical needs of data persistence and robust performance in multiple high-stakes applications. Its operational structure, global reach, and diversified revenue streams reflect a well-rounded approach to leveraging technological innovation in modern electronic systems. Whether deployed in cloud infrastructures, automotive safety systems, or industrial control units, Everspin\s MRAM products embody the principles of durability, efficiency, and high-performance, making it a pivotal player in today\s fast-evolving non-volatile memory market.

Rhea-AI Summary

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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Everspin Technologies, Inc. (MRAM) will announce its first quarter 2024 financial results on May 1, 2024. The conference call hosted by the President and CEO, Sanjeev Aggarwal, and CFO, Anuj Aggarwal, will discuss the company's financial performance.
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Everspin Technologies, Inc. (MRAM) introduces PERSYST brand for its MRAM persistent memory products, offering RAM-like speed with non-volatility. The company aims to simplify product identification for clients in various industries like automation, robotics, AI, and healthcare.
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Everspin Technologies appoints Douglas Mitchell, a semiconductor industry veteran, to its Board of Directors. Mitchell brings over 40 years of experience in memory products and technology, with a focus on high-performance non-volatile memory ICs. His strategic guidance is expected to drive Everspin's growth and market opportunities.
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Everspin Technologies Inc. (MRAM) has applied for the CHIPS Incentives Program to increase MRAM capacity and R&D IP capability. The potential funding from the CHIPS Act will empower Everspin to advance MRAM technology and strengthen its position in the semiconductor landscape.
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Everspin Technologies, Inc. (MRAM) reported impressive Q4’23 revenue of $16.7 million and EPS of $0.09, surpassing expectations. The company achieved record annual revenue and profitability in 2023 with 217 design wins. Total revenue for the full year was $63.8 million, marking an increase of 6% from 2022. Everspin's GAAP net income for 2023 was $9.1 million, or $0.42 per diluted share, showing growth from the previous year. The company's strong financial position with no debt and a record high cash balance of $36.9 million is notable.
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Everspin Technologies Inc. (MRAM) will present at the Baird virtual Vehicle Technology & Mobility Conference on February 29th. The live webcast and replay will be available on the company's investor relations website.
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Everspin Technologies, Inc. (MRAM) will announce its Q4 and full-year 2023 financial results on February 28, 2024. The conference call will be hosted by Sanjeev Aggarwal, President, and CEO, along with Anuj Aggarwal, CFO.
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Everspin Technologies Inc. (MRAM) announced participation in the 26th Annual Needham Growth Conference by its President and CEO, Sanjeev Aggarwal, and CFO, Anuj Aggarwal. The event will take place at the Lotte New York Palace Hotel on January 17th and 18th, with management available for one-on-one in-person meetings. To schedule a meeting, contact your Needham salesperson.
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Everspin Technologies, Inc. (NASDAQ: MRAM) will ring the closing bell at the Nasdaq MarketSite on January 18th, 2024, at 4:00 p.m. Eastern Time. The ceremony can be viewed at Nasdaq MarketSite Tower in New York City, New York. Sanjeev Aggarwal, Everspin’s President and CEO, expressed pride in the achievement, attributing it to the hard work of the team and the unique value provided as the leading MRAM provider.
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FAQ

What is the current stock price of Everspin Technol (MRAM)?

The current stock price of Everspin Technol (MRAM) is $5.12 as of April 17, 2025.

What is the market cap of Everspin Technol (MRAM)?

The market cap of Everspin Technol (MRAM) is approximately 110.0M.

What is the core business of Everspin Technologies?

Everspin Technologies specializes in designing, manufacturing, and distributing advanced MRAM solutions that provide non-volatile memory with high performance and endurance.

What makes MRAM technology significant in today\s market?

MRAM technology is crucial as it offers data persistence even without power, making it ideal for applications in data centers, automotive systems, industrial processes, and more.

How does Everspin generate revenue?

The company derives revenue from the sale of discrete MRAM products, licensing and royalty agreements on its proprietary technology, as well as backend foundry services and design collaborations.

Which industries benefit the most from Everspin\s MRAM solutions?

Industries such as cloud storage, data centers, automotive, industrial automation, energy, and transportation benefit greatly from the reliability and endurance of Everspin's MRAM products.

How does Everspin differentiate itself from other memory technology providers?

Everspin differentiates itself by focusing exclusively on MRAM technology, offering solutions that combine high-speed performance with exceptional data reliability, backed by rigorous quality control and advanced design methodologies.

What geographical regions does Everspin serve?

Everspin operates globally with a presence in North America, Europe, the Middle East, Africa (EMEA), and the Asia-Pacific (APAC) region, ensuring its advanced memory solutions are accessible to diverse markets.

Can you explain the benefits of MRAM for mission-critical applications?

MRAM provides superior data persistence and high-speed performance, ensuring that critical data remains secure and accessible even in power loss scenarios, which is essential for mission-critical applications across various industries.

Is Everspin involved in any design services?

Yes, apart from manufacturing MRAM products, Everspin offers design services that assist third parties in integrating MRAM technology into their products, supporting innovation and custom solutions in the memory space.
Everspin Technol

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