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 (NASDAQ:MRAM) has announced that its 256 Kilobit MRAM has been integrated into Lucid Motors' master powertrain system for the Lucid Air all-electric sedan. The MR25H256AMDF device adheres to AEC-Q100 Grade 1 standards, ensuring reliability in critical automotive applications. Everspin emphasizes this endorsement as crucial, highlighting the advantages of MRAM over traditional memory technologies, such as high endurance and 20-year data retention. The company notes its MRAM products meet the evolving demands of the automotive industry.
Everspin Technologies (NASDAQ: MRAM) reported a 1.7% year-over-year revenue increase to $10.3 million for Q1 2021. The GAAP net loss improved to ($0.02) per share, down from ($0.08) in Q4 2020 and ($0.10) in Q1 2020. The company generated $1.6 million in cash flow from operations, marking the third consecutive quarter of positive cash flow. Everspin anticipates Q2 2021 revenue between $11 million and $12 million with a projected net loss per share ranging from ($0.11) to ($0.07).
Everspin Technologies, Inc. (NASDAQ: MRAM) is set to release its first quarter 2021 financial results on May 6, 2021, after market close. Executive Chairman and Interim CEO Darin Billerbeck will lead a conference call at 5:30 p.m. Eastern Time to discuss the results. Interested analysts and investors can join the call using the provided dial-in information. A replay of the call will be available until May 13, 2021. Everspin is recognized as a leader in Magnetoresistive RAM, offering high-performance non-volatile memory solutions for critical applications.
Everspin Technologies, Inc. (NASDAQ: MRAM) announced the resignation of Chief Financial Officer Daniel Berenbaum, effective April 16, 2021. Berenbaum is leaving to pursue another opportunity overseas. Following his departure, Aparna Oka will serve as the interim principal financial officer and principal accounting officer. Oka currently holds the position of Corporate Controller at Everspin. The company expressed gratitude for Berenbaum's contributions and is now looking for a permanent CFO.
Everspin Technologies, Inc. (NASDAQ: MRAM) reported preliminary unaudited financial results for Q4 and full year 2020, with a 12.1% increase in revenue year-over-year to $42.0 million. Q4 total revenue was $10.0 million, with a GAAP net loss of ($1.6 million) or ($0.08) per share, an improvement from Q4 2019. The company generated $0.6 million in cash flow from operations in Q4 and ended 2020 with $14.6 million in cash. Everspin anticipates Q1 2021 revenue between $10.0 million and $10.8 million.
Everspin Technologies, Inc. (NASDAQ: MRAM) will release its fourth quarter and fiscal year 2020 financial results on February 25, 2021, post-market close. Executive Chairman and Interim CEO Darin Billerbeck, along with CFO Daniel Berenbaum, will host a conference call at 5:00 p.m. ET to discuss the results. Interested analysts and investors can join the call using the provided teleconference numbers. A replay will be available until March 4, 2021. Everspin is a leading provider of Magnetoresistive RAM (MRAM), focusing on non-volatile memory solutions for critical applications.
Everspin Technologies (NASDAQ: MRAM) has appointed Sanjeev Aggarwal as its first Chief Technology Officer (CTO), while he retains his position as Vice President of Technology Research and Development. Aggarwal, a key figure since Everspin's inception in 2008, brings extensive experience in Magnetoresistive RAM (MRAM) technology. His new role aims to enhance the promotion of Everspin's innovative non-volatile memory solutions. Interim CEO Darin Billerbeck expressed confidence in Aggarwal's leadership as the company advances its MRAM roadmap.
Everspin Technologies, Inc. (NASDAQ: MRAM) announced the resignation of Kevin Conley as President and CEO, effective January 30, 2021. Darin Billerbeck, previously non-executive Chairman, will serve as interim CEO and Executive Chairman. Billerbeck brings extensive semiconductor memory experience, having held leadership roles at Intel, Zilog, and Lattice Semiconductor. The company adjusted its fourth quarter 2020 revenue guidance to between $10.1 million and $10.5 million, down from earlier expectations of up to $10.9 million. No conference call will follow this announcement.
Everspin Technologies, Inc. (Nasdaq: MRAM) has announced participation in several upcoming investor conferences with CEO Kevin Conley and CFO Daniel Berenbaum. Key events include the Craig-Hallum Virtual Alpha-Select Conference on November 17, 2020, Benchmark Discovery Conference on November 18, 2020, and the Oppenheimer 5G Summit on December 15, 2020, followed by the 12th Annual Virtual CEO Summit on December 16, 2020, and the Needham Virtual Growth Conference from January 11 to 15, 2021. Interested portfolio managers and analysts can request meetings with management through respective firm representatives.
Everspin Technologies, Inc. (NASDAQ: MRAM) will announce its third quarter 2020 financial results on November 5, 2020, after market close. CEO Kevin Conley and CFO Daniel Berenbaum will host a conference call at 5:00 p.m. ET to discuss the financial results. Interested parties can access the live call through the investor relations website or dial in using specified numbers. A replay of the call will be available from November 5 to November 12, 2020. Everspin is a leader in Magnetoresistive RAM technology, providing robust memory solutions for various critical applications.
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