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Everspin Technologies Inc - MRAM STOCK NEWS

Welcome to our dedicated news page for Everspin Technologies (Ticker: MRAM), a resource for investors and traders seeking the latest updates and insights on Everspin Technologies.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Everspin Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Everspin Technologies's position in the market.

Rhea-AI Summary
Everspin Technologies, Inc. (MRAM) will announce its first quarter 2024 financial results on May 1, 2024. The conference call hosted by the President and CEO, Sanjeev Aggarwal, and CFO, Anuj Aggarwal, will discuss the company's financial performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.54%
Tags
-
Rhea-AI Summary
Everspin Technologies, Inc. (MRAM) introduces PERSYST brand for its MRAM persistent memory products, offering RAM-like speed with non-volatility. The company aims to simplify product identification for clients in various industries like automation, robotics, AI, and healthcare.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.26%
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none
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Rhea-AI Summary
Everspin Technologies appoints Douglas Mitchell, a semiconductor industry veteran, to its Board of Directors. Mitchell brings over 40 years of experience in memory products and technology, with a focus on high-performance non-volatile memory ICs. His strategic guidance is expected to drive Everspin's growth and market opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.16%
Tags
management
Rhea-AI Summary
Everspin Technologies Inc. (MRAM) has applied for the CHIPS Incentives Program to increase MRAM capacity and R&D IP capability. The potential funding from the CHIPS Act will empower Everspin to advance MRAM technology and strengthen its position in the semiconductor landscape.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.24%
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none
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Rhea-AI Summary
Everspin Technologies, Inc. (MRAM) reported impressive Q4’23 revenue of $16.7 million and EPS of $0.09, surpassing expectations. The company achieved record annual revenue and profitability in 2023 with 217 design wins. Total revenue for the full year was $63.8 million, marking an increase of 6% from 2022. Everspin's GAAP net income for 2023 was $9.1 million, or $0.42 per diluted share, showing growth from the previous year. The company's strong financial position with no debt and a record high cash balance of $36.9 million is notable.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.38%
Tags
-
Rhea-AI Summary
Everspin Technologies Inc. (MRAM) will present at the Baird virtual Vehicle Technology & Mobility Conference on February 29th. The live webcast and replay will be available on the company's investor relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.05%
Tags
conferences
Rhea-AI Summary
Everspin Technologies, Inc. (MRAM) will announce its Q4 and full-year 2023 financial results on February 28, 2024. The conference call will be hosted by Sanjeev Aggarwal, President, and CEO, along with Anuj Aggarwal, CFO.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.1%
Tags
-
Rhea-AI Summary
Everspin Technologies Inc. (MRAM) announced participation in the 26th Annual Needham Growth Conference by its President and CEO, Sanjeev Aggarwal, and CFO, Anuj Aggarwal. The event will take place at the Lotte New York Palace Hotel on January 17th and 18th, with management available for one-on-one in-person meetings. To schedule a meeting, contact your Needham salesperson.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.23%
Tags
none
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Rhea-AI Summary
Everspin Technologies, Inc. (NASDAQ: MRAM) will ring the closing bell at the Nasdaq MarketSite on January 18th, 2024, at 4:00 p.m. Eastern Time. The ceremony can be viewed at Nasdaq MarketSite Tower in New York City, New York. Sanjeev Aggarwal, Everspin’s President and CEO, expressed pride in the achievement, attributing it to the hard work of the team and the unique value provided as the leading MRAM provider.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.82%
Tags
none
Rhea-AI Summary
Everspin Technologies, Inc. (NASDAQ: MRAM) announced preliminary unaudited financial results for Q3 2023. Revenue rose 8% YoY to $16.5 million, exceeding guidance. Net income increased 27.8% YoY to $2.4 million. Cash flow from operating activities rose to $3.6 million. Cash and cash equivalents totaled $34.9 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.35%
Tags
Everspin Technologies Inc

Nasdaq:MRAM

MRAM Rankings

MRAM Stock Data

163.65M
15.63M
5.22%
62.83%
0.5%
Semiconductor and Related Device Manufacturing
Manufacturing
Link
US
Chandler

About MRAM

headquartered in chandler, arizona, everspin technologies, inc. is the worldwide leader in designing, manufacturing, and commercially shipping discrete and embedded magnetoresistive ram (mram) into markets and applications where data persistence, performance, and endurance are paramount. with over 70 million mram products deployed in data center, cloud storage, energy, industrial, automotive, and transportation markets, everspin has built the strongest and fastest growing foundation of mram users in the world. for more information, visit www.everspin.com.