Welcome to our dedicated page for Everspin Technologies news (Ticker: MRAM), a resource for investors and traders seeking the latest updates and insights on Everspin Technologies 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, Inc. (NASDAQ: MRAM) has appointed Sanjeev Aggarwal as President and CEO, effective March 14, 2022. Previously, Darin Billerbeck served as Interim CEO and will continue as Executive Chairman. Aggarwal, who has been with Everspin since its founding in 2008, has extensive experience in the non-volatile memory sector and will focus on expanding product offerings and improving cash flow. This leadership change aims to bolster the company’s strategy and operational execution.
Everspin Technologies (NASDAQ: MRAM) reported a record-breaking year with 2021 revenue surging 31% to $55.1 million, compared to $42.0 million in 2020. Fourth quarter revenue rose 23% quarter-over-quarter and 82% year-over-year to $18.2 million. The company achieved a net income of $3.7 million for Q4’21 and $4.3 million for the full year, contrasting with net losses in the previous year. Adjusted EBITDA improved to $9.6 million from a loss of $1.6 million in 2020. Cash and equivalents stood at $21.4 million at year-end, up from $14.6 million. The outlook for Q1 2022 projects revenue between $13.4 million and $14.2 million.
Everspin Technologies, Inc. (NASDAQ: MRAM) will announce its Q4 and fiscal year 2021 financial results on March 2, 2022, after market close. The conference call, led by Darin Billerbeck and Anuj Aggarwal, will occur at 5:00 p.m. ET. Analysts and investors can join via call or online. The 10-K report will be available on March 4, 2022. Everspin is a leading provider of MRAM technology for critical applications, headquartered in Chandler, Arizona.
Everspin Technologies (NASDAQ: MRAM), a leader in MRAM technology, has announced that Chairman and Interim CEO Darin Billerbeck and CFO Anuj Aggarwal will participate in the 24th Annual Needham Virtual Growth Conference on January 12, 2022. The event is tailored for portfolio managers and analysts who wish to engage with the management team. Everspin specializes in high-performance, non-volatile memory solutions for mission-critical applications in sectors like Industrial IoT and Data Centers. For further inquiries, stakeholders can reach out to Everspin's investor relations.
Everspin Technologies (NASDAQ: MRAM) reported a record revenue of $14.8 million for Q3 2021, marking a 25% increase from the previous quarter and a 46.5% rise compared to Q3 2020. The net income was $880k, a significant turnaround from a net loss of $3.9 million in Q3 2020. The company expects Q4 revenue between $16.25 million and $17.25 million, reflecting product revenue growth and recognition of an IP deal worth $5.25 million.
Everspin Technologies, Inc. (NASDAQ: MRAM) will release its Q3 2021 financial results on November 10, 2021, after market close. The results will be discussed in a conference call on November 11 at 5:00 p.m. ET, hosted by Executive Chairman Darin Billerbeck and CFO Anuj Aggarwal. A 10Q filing will be available on November 12.
The call can be accessed through the investor relations website. A replay will be available until November 18, 2021.
Everspin Technologies, Inc. (NASDAQ: MRAM) will announce its third quarter 2021 financial results after market close on November 12, 2021. Executive Chairman and Interim CEO Darin Billerbeck and CFO Anuj Aggarwal will hold a conference call at 5:00 p.m. ET to discuss the results. The call will be accessible via the company’s investor relations website. A replay will be available until November 19, 2021. Everspin is a leader in MRAM, providing high-performance non-volatile memory solutions for critical applications.
Everspin Technologies, Inc. (NASDAQ: MRAM) has appointed Anuj Aggarwal as Chief Financial Officer, effective immediately, after serving as Interim CFO since April 30, 2021. Executive Chairman Darin Billerbeck emphasized their focus on growth and profitability while enhancing shareholder value. The company recently achieved profitability for the first time in Q2, positioning its MRAM products to disrupt traditional memory markets. Everspin, based in Chandler, Arizona, leads in Magnetoresistive RAM, providing solutions for critical applications.
Everspin Technologies (NASDAQ: MRAM) reported Q2 2021 financial results, highlighting a 15% revenue increase to $11.85 million compared to Q1 2021. The company achieved its first-ever GAAP net income of $256k, a significant improvement from previous losses. Gross margin rose to 60.7% from 58.2% in Q1 2021. Despite a slight decrease in cash to $14.2 million, Everspin forecasts Q3 revenue between $11.7 million and $12.7 million. Expected net loss per share ranges from ($0.04) to ($0.07).
Everspin Technologies, Inc. (NASDAQ: MRAM) will announce its second quarter 2021 financial results on August 12, 2021, after market close. A conference call led by Executive Chairman Darin Billerbeck is scheduled for 5:00 p.m. Eastern Time to discuss the financial results. The call will be accessible via teleconference, and live streaming will be available on the company's investor relations website. A replay of the call will be accessible through August 19, 2021.
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