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) is set to announce its Q1 2023 financial results after the market close on May 3, 2023. The company's President and CEO, Sanjeev Aggarwal, alongside Chief Financial Officer Anuj Aggarwal, will hold a conference call on the same day at 5:00 p.m. Eastern Time to discuss the results. Participants can pre-register online for a unique passcode and telephone number. The call will be broadcast live in listen-only mode, and a replay will also be available. Everspin is recognized as a leader in Magnetoresistive RAM (MRAM) technology, providing high-performance, non-volatile memory for various critical applications, including Industrial IoT and Data Centers.
Everspin Technologies (NASDAQ: MRAM) reported outstanding results for 2022, achieving record revenue of $60.0 million, a 9% increase from 2021. The fourth quarter showed a 3% revenue rise to $15.7 million. Net income reached $6.1 million, marking a 41% increase year-over-year. Adjusted EBITDA improved to $11.8 million. Gross margin for Q4 was 51.4%, down from 62.8% in Q4 2021, impacted by supplier costs. Everspin ended the year with $26.8 million in cash. Looking ahead, Q1 2023 revenue is projected between $14.1 million and $14.8 million, with net income per share expected between breakeven and $0.05.
Everspin Technologies, Inc. (NASDAQ: MRAM) will announce its fourth quarter and fiscal year end 2022 financial results on March 1, 2023, after market close. A conference call with CEO Sanjeev Aggarwal and CFO Anuj Aggarwal will take place on the same day at 5:00 p.m. Eastern Time to discuss the results. The 10-K report will be available on March 2. Participants must pre-register online to join the call, which will also be broadcast live in listen-only mode. Everspin is a leader in Magnetoresistive RAM, providing high-performance non-volatile memory solutions for various applications.
Everspin Technologies, Inc. (NASDAQ: MRAM) announced that President and CEO Sanjeev Aggarwal and CFO Anuj Aggarwal will participate in the 25th Annual Needham Growth Conference at the Lotte NY Palace Hotel in New York City from January 10-12, 2023. This conference offers portfolio managers and analysts the opportunity to engage with Everspin's management. Everspin is known as a leading provider of Magnetoresistive RAM, offering high-performance non-volatile memory solutions critical for Industrial IoT and Data Center applications.
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