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.
Regular updates include regulatory filings, technology breakthroughs, and executive insights. All content is verified for accuracy, providing a trustworthy resource for understanding Everspin's role in shaping next-generation memory solutions.
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) 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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