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) announced that Rimac Technology has selected its 256Kb MRAM for their all-electric Nevera hypercar. This decision highlights the suitability of Everspin's non-volatile memory in automotive applications, ensuring reliability in critical data systems. The MR25H256AMDF device meets the AEC-Q100 Grade 1 standard, indicating its robustness for demanding environments. Everspin views this partnership as a significant validation of its technology's value in the growing electric vehicle sector.
Everspin Technologies (NASDAQ: MRAM) reported strong preliminary Q3 2022 results, with revenues rising 4% to $15.2 million from Q2 2022 and 3% from Q3 2021. Net income increased to $1.9 million, marking a year-on-year growth from $0.9 million. Basic and diluted EPS improved to $0.09, and adjusted EBITDA reached $3.4 million. The company reported a gross margin of 58.8%, driven by enhanced yields in its toggle products. With cash reserves increasing to $23.4 million, Everspin anticipates Q4 2022 revenues between $14.1 million and $15.1 million amid industry supply constraints.
Everspin Technologies (NASDAQ: MRAM) has launched its new EMxxLX STT-MRAM product family, the highest-performing persistent memory available, ideal for industrial IoT and aerospace applications. This technology offers densities from 8 to 64Mb, a bandwidth of 400MB/s, and an xSPI interface. The EMxxLX devices maintain data integrity during power loss, exhibit high endurance, and are less susceptible to radiation. Notably, Airbus has previously utilized Everspin's MRAM solutions and anticipates leveraging the enhanced features of EMxxLX.
Everspin Technologies, Inc. announces its membership in the Global Semiconductor Alliance (GSA), which aims to foster collaboration within the semiconductor industry. CEO Sanjeev Aggarwal emphasized the importance of innovation in promoting MRAM technology. Everspin is a leader in the non-volatile memory market, having deployed over 120 million MRAM products across various sectors such as data centers and automotive. The GSA membership will enable Everspin to work closely with industry leaders, enhancing growth and innovation opportunities.
Everspin Technologies, Inc. (NASDAQ: MRAM) will release its third-quarter 2022 financial results on November 9, 2022, after market close. President and CEO Sanjeev Aggarwal and CFO Anuj Aggarwal will discuss these results during a conference call at 5:00 p.m. Eastern Time. Interested parties can pre-register to participate and submit questions. Everspin is recognized as the leading provider of Magnetoresistive RAM (MRAM), focusing on high-performance non-volatile memory solutions for critical applications across various sectors.
Everspin Technologies (NASDAQ:MRAM) has signed a contract with QuickLogic (NASDAQ:QUIK) to provide MRAM technology and manufacturing services, valued initially at $2.8M, with potential growth to $8.7M. This project aims to develop Strategic Radiation Hardened (SRH) FPGA technology for Department of Defense applications. Everspin's MRAM technology, noted for its radiation immunity, will be integrated into FPGA products, expanding its market reach. Everspin and QuickLogic express confidence in the collaboration's potential to innovate for harsh environments.
Everspin Technologies, Inc. (NASDAQ: MRAM) announced its preliminary financial results for Q2 2022, reporting a revenue increase of 24% year-on-year to $14.7 million. This marks a 3% rise from Q1 2022. Net income stood at $1.7 million, slightly down from $1.9 million in Q1 2022 but up from $0.3 million in Q2 2021. Adjusted EBITDA improved to $3.3 million. The gross margin was 58.4%, down from 60.7% in Q2 2021 due to supplier price increases. Everspin projects Q3 2022 revenue between $14.4 million and $15.4 million, acknowledging potential supply constraints.
Everspin Technologies (NASDAQ:MRAM) has introduced its high-density STT-MRAM product, the EM128LX, featuring a capacity of 128 Megabits—double that of its predecessor. This latest offering supports the xSPI standard and boasts read/write speeds of up to 233 megabytes/second. The EM128LX is designed for FPGA system designers, enabling fast configuration and updates in AI applications. Customer samples are currently available, with volume production expected to commence in early 2023.
Everspin Technologies (NASDAQ: MRAM) is set to release its second quarter 2022 financial results on Thursday, August 11, 2022, after market close. The company's President and CEO, Sanjeev Aggarwal, along with CFO Anuj Aggarwal, will host a conference call at 5:00 p.m. Eastern Time to discuss these results. Participants can pre-register for the call and access a live broadcast via the company's investor relations website.
Everspin Technologies, a leader in Magnetoresistive non-volatile memory (MRAM), will present a joint demo board with Menta at the Embedded World trade fair in Nuremberg, Germany, from June 21-23. This collaboration showcases Everspin's new EMxxLX STT-MRAM, known for its ten-year data retention and high performance at industrial temperatures. The event will facilitate networking with over 1,000 exhibitors and 30,000 visitors from various sectors, highlighting significant advancements in edge computing and embedded electronics.
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