Everspin Reports Unaudited Second Quarter 2025 Financial Results
“Our consistent financial performance reflects the strength of our product portfolio and ramping design wins,” said Sanjeev Aggarwal, President and Chief Executive Officer. “In order to accelerate both direct revenue monetization and strategic expansion, we have recently expanded our executive team to include a dedicated VP of Sales and a dedicated VP of Business Development. We believe that this structural change will enable us to better serve our customers and unlock new opportunities.”
Second Quarter 2025 Results
-
Total revenue of
$13.2 million $10.6 million -
MRAM product sales, which include both Toggle and STT-MRAM revenue, of
$11.1 million $9.9 million -
Licensing, royalty, patent, and other revenue of
$2.1 million $0.7 million -
Gross margin of
51.3% , compared to49.0% in the second quarter of 2024. -
GAAP operating expenses of
$8.7 million $8.0 million -
Interest and Other income, net of
$1.3 million $0.4 million -
GAAP net loss of
$(0.7) million $(0.03) $(2.5) million $(0.12) -
Non-GAAP net income of
$0.7 million $0.03 $(0.6) million $(0.03) -
Cash and cash equivalents as of June 30, 2025, increased by
$2.9 million $45.0 million
“We are pleased with our second quarter results, which came in toward the high end of our expectations, driven by strength across our product portfolio. Our team remains focused on delivering consistent execution combined with prudent expense management,” said Bill Cooper, Everspin’s Chief Financial Officer. “We did not experience any tariff related impact on our Q2 results and don’t anticipate any material impact on future results. However, the situation continues to be fluid, and we are monitoring it closely.”
Business Outlook
For the third quarter 2025, Everspin expects total revenue in a range of
A reconciliation of non-GAAP guidance measures to corresponding GAAP guidance measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty regarding, and the potential variability of, expenses that may be incurred in the future. Stock-based compensation-related charges are impacted by the timing of employee stock transactions, the future fair market value of Everspin’s common stock, and Everspin’s future hiring and retention needs, all of which are difficult to predict and subject to constant change. These factors could be material to Everspin’s results computed in accordance with GAAP. This outlook is dependent on Everspin's current expectations, which may be impacted by, among other things, evolving external conditions, such as public health-related events or outbreaks, local safety guidelines, worsening impacts due to supply chain constraints or interruptions, including recent market volatility, semiconductor downturn and the other risk factors described in Everspin's filings with the Securities and Exchange Commission (the "SEC"), including its Annual Report on Form 10-K for the fiscal year ended December 31, 2024, its Quarterly Reports on Form 10-Q filed with the SEC during 2025, as well as in its subsequent filings with the SEC.
Use of Non-GAAP Financial Measures
Everspin supplements the reporting of its financial information determined under generally accepted accounting principles in
Everspin’s management and board of directors use these non-GAAP measures to understand and evaluate its operating performance and trends, to prepare and approve its annual budget and to develop short-term and long-term operating and financing plans. Accordingly, Everspin believes that these non-GAAP measures provide useful information for investors in understanding and evaluating its operating results in the same manner as its management and board of directors. These non-GAAP financial measures should be considered in addition to, not as superior to, or as a substitute for, financial measures reported in accordance with GAAP. Moreover, other companies may define these non-GAAP measures differently, which limits the usefulness of this measure for comparisons with such other companies. Everspin encourages investors to review its financial statements and publicly filed reports in their entirety and not to rely on any single financial measure. Please see the tables included at the end of this release for the reconciliation of GAAP to non-GAAP results.
Conference Call
Everspin will host a conference call to discuss its second quarter 2025 results on Wednesday, August 6, 2025, at 5:00 p.m. Eastern Time.
Dial-in details: To access the call by phone, please go to this link and you will be provided with dial-in details. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time.
The live webcast of the call will be accessible on Everspin’s website at investor.everspin.com. Approximately two hours after the conclusion of the live event, an archived webcast of the conference call will be accessible from the Investor Relations section of Everspin’s website for twelve months.
About Everspin Technologies
Everspin Technologies, Inc. is the world’s leading provider of magnetoresistive RAM (MRAM). Everspin MRAM delivers the industry’s most robust, highest-performance non-volatile memory for industrial IoT, data centers and other mission-critical applications where data persistence is paramount. Headquartered in
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements regarding future results that involve risks and uncertainties that could cause actual results or events to differ materially from the expectations disclosed in the forward-looking statements, including, but not limited to the statements made under the caption “Business Outlook.” Forward-looking statements are identified by words such as “expects” or similar expressions. These include, but are not limited to, Everspin’s future financial performance, including the outlook for second quarter 2025 results. Actual results could differ materially from these forward-looking statements as a result of certain risks and uncertainties, including, without limitation, the risks set forth under the caption “Risk Factors” in Everspin’s Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC on February 27, 2025, and its Quarterly Reports on Form 10-Q filed with the SEC during 2025, as well as in its subsequent filings with the SEC. Any forward-looking statements made by Everspin in this press release speak only as of the date on which they are made and subsequent events may cause these expectations to change. Everspin disclaims any obligations to update or alter these forward-looking statements in the future, whether as a result of new information, future events or otherwise, except as required by law.
EVERSPIN TECHNOLOGIES, INC. Condensed Balance Sheets (In thousands, except share and per share amounts) (Unaudited) |
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June 30, |
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December 31, |
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2025 |
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|
2024 |
|
||
Assets |
|
|
|
|
|
|
||
Current assets: |
|
|
|
|
|
|
||
Cash and cash equivalents |
|
$ |
44,962 |
|
|
$ |
42,097 |
|
Accounts receivable, net |
|
|
7,370 |
|
|
|
11,722 |
|
Inventory |
|
|
11,306 |
|
|
|
9,110 |
|
Prepaid expenses and other current assets |
|
|
1,115 |
|
|
|
1,272 |
|
Total current assets |
|
|
64,753 |
|
|
|
64,201 |
|
Property and equipment, net |
|
|
3,844 |
|
|
|
3,220 |
|
Intangible assets, net |
|
|
2,551 |
|
|
|
3,416 |
|
Right-of-use assets |
|
|
3,907 |
|
|
|
4,549 |
|
Other assets |
|
|
3,867 |
|
|
|
2,403 |
|
Total assets |
|
$ |
78,922 |
|
|
$ |
77,789 |
|
|
|
|
|
|
|
|
||
Liabilities and Stockholders’ Equity |
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|
|
|
|
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||
Current liabilities: |
|
|
|
|
|
|
||
Accounts payable |
|
$ |
2,931 |
|
|
$ |
2,278 |
|
Accrued liabilities |
|
|
2,253 |
|
|
|
2,449 |
|
Deferred revenue |
|
|
— |
|
|
|
78 |
|
Lease liabilities, current portion |
|
|
1,342 |
|
|
|
1,306 |
|
Contract obligations |
|
|
2,733 |
|
|
|
2,034 |
|
Software liabilities, current portion |
|
|
1,769 |
|
|
|
1,769 |
|
Total current liabilities |
|
|
11,028 |
|
|
|
9,914 |
|
Lease liabilities, net of current portion |
|
|
2,654 |
|
|
|
3,336 |
|
Software liabilities, net of current portion |
|
|
905 |
|
|
|
1,784 |
|
Long-term income tax liability |
|
|
260 |
|
|
|
162 |
|
Total liabilities |
|
$ |
14,847 |
|
|
$ |
15,196 |
|
Commitments and contingencies (Note 5) |
|
|
|
|
|
|
||
Stockholders’ equity: |
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|
|
|
|
|
||
Preferred stock, |
|
|
— |
|
|
|
— |
|
Common stock, |
|
|
2 |
|
|
|
2 |
|
Additional paid-in capital |
|
|
202,778 |
|
|
|
199,460 |
|
Accumulated deficit |
|
|
(138,705 |
) |
|
|
(136,869 |
) |
Total stockholders’ equity |
|
|
64,075 |
|
|
|
62,593 |
|
Total liabilities and stockholders’ equity |
|
$ |
78,922 |
|
|
$ |
77,789 |
|
EVERSPIN TECHNOLOGIES, INC. Condensed Statements of Operations and Comprehensive Loss (In thousands, except share and per share amounts) (Unaudited) |
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
||||
Product sales |
|
$ |
11,091 |
|
|
$ |
9,887 |
|
|
$ |
22,117 |
|
|
$ |
20,747 |
|
Licensing, royalty, patent, and other revenue |
|
|
2,110 |
|
|
|
749 |
|
|
|
4,222 |
|
|
|
4,319 |
|
Total revenue |
|
|
13,201 |
|
|
|
10,636 |
|
|
|
26,339 |
|
|
|
25,066 |
|
Cost of product sales |
|
|
6,166 |
|
|
|
5,235 |
|
|
|
12,195 |
|
|
|
11,238 |
|
Cost of licensing, royalty, patent, and other revenue |
|
|
267 |
|
|
|
185 |
|
|
|
623 |
|
|
|
452 |
|
Total cost of sales |
|
|
6,433 |
|
|
|
5,420 |
|
|
|
12,818 |
|
|
|
11,690 |
|
Gross profit |
|
|
6,768 |
|
|
|
5,216 |
|
|
|
13,521 |
|
|
|
13,376 |
|
Operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Research and development |
|
|
3,580 |
|
|
|
3,457 |
|
|
|
6,936 |
|
|
|
6,875 |
|
General and administrative |
|
|
3,642 |
|
|
|
3,254 |
|
|
|
7,480 |
|
|
|
7,290 |
|
Sales and marketing |
|
|
1,507 |
|
|
|
1,324 |
|
|
|
2,998 |
|
|
|
2,630 |
|
Total operating expenses |
|
|
8,729 |
|
|
|
8,035 |
|
|
|
17,414 |
|
|
|
16,795 |
|
Loss from operations |
|
|
(1,961 |
) |
|
|
(2,819 |
) |
|
|
(3,893 |
) |
|
|
(3,419 |
) |
Interest income |
|
|
423 |
|
|
|
423 |
|
|
|
831 |
|
|
|
862 |
|
Other income (expense), net |
|
|
842 |
|
|
|
(30 |
) |
|
|
1,230 |
|
|
|
(71 |
) |
Net loss before income taxes |
|
|
(696 |
) |
|
|
(2,426 |
) |
|
|
(1,832 |
) |
|
|
(2,628 |
) |
Income tax benefit (expense) |
|
|
26 |
|
|
|
(76 |
) |
|
|
(4 |
) |
|
|
(76 |
) |
Net loss and comprehensive loss |
|
$ |
(670 |
) |
|
$ |
(2,502 |
) |
|
$ |
(1,836 |
) |
|
$ |
(2,704 |
) |
Net loss per common share: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Basic |
|
$ |
(0.03 |
) |
|
$ |
(0.12 |
) |
|
$ |
(0.08 |
) |
|
$ |
(0.13 |
) |
Diluted |
|
$ |
(0.03 |
) |
|
$ |
(0.12 |
) |
|
$ |
(0.08 |
) |
|
$ |
(0.13 |
) |
Weighted average shares of common stock outstanding: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Basic |
|
|
22,504,957 |
|
|
|
21,566,863 |
|
|
|
22,347,411 |
|
|
|
21,409,611 |
|
Diluted |
|
|
22,504,957 |
|
|
|
21,566,863 |
|
|
|
22,347,411 |
|
|
|
21,409,611 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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EVERSPIN TECHNOLOGIES, INC. Condensed Statements of Cash Flows (In thousands) (Unaudited) |
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|
|
Six Months Ended June 30, |
||||||
|
|
2025 |
|
2024 |
||||
Cash flows from operating activities |
|
|
|
|
|
|
||
Net loss |
|
$ |
(1,836 |
) |
|
$ |
(2,704 |
) |
Adjustments to reconcile net loss to net cash provided by operating activities: |
|
|
|
|
|
|
||
Depreciation and amortization |
|
|
1,695 |
|
|
|
795 |
|
Gain on sale of property and equipment |
|
|
(25 |
) |
|
|
— |
|
Stock-based compensation |
|
|
2,996 |
|
|
|
3,576 |
|
Changes in operating assets and liabilities: |
|
|
|
|
|
|
||
Accounts receivable |
|
|
4,352 |
|
|
|
1,440 |
|
Inventory |
|
|
(2,196 |
) |
|
|
404 |
|
Prepaid expenses and other current assets |
|
|
157 |
|
|
|
471 |
|
Other assets |
|
|
(50 |
) |
|
|
1 |
|
Accounts payable |
|
|
809 |
|
|
|
(595 |
) |
Accrued liabilities |
|
|
(196 |
) |
|
|
(2,628 |
) |
Deferred revenue |
|
|
(78 |
) |
|
|
(336 |
) |
Contract obligations |
|
|
699 |
|
|
|
— |
|
Lease liabilities, net |
|
|
30 |
|
|
|
4 |
|
Long-term income tax liability |
|
|
98 |
|
|
|
— |
|
Net cash provided by operating activities |
|
|
6,455 |
|
|
|
428 |
|
Cash flows from investing activities |
|
|
|
|
|
|
||
Purchases of property and equipment |
|
|
(2,901 |
) |
|
|
(1,239 |
) |
Purchases of intangible assets |
|
|
(977 |
) |
|
|
— |
|
Net cash used in investing activities |
|
|
(3,878 |
) |
|
|
(1,239 |
) |
Cash flows from financing activities |
|
|
|
|
|
|
||
Payments on finance leases |
|
|
(34 |
) |
|
|
— |
|
Proceeds from exercise of stock options and purchase of shares in employee stock purchase plan |
|
|
322 |
|
|
|
629 |
|
Net cash provided by financing activities |
|
|
288 |
|
|
|
629 |
|
Net increase (decrease) in cash and cash equivalents |
|
|
2,865 |
|
|
|
(182 |
) |
Cash and cash equivalents at beginning of period |
|
|
42,097 |
|
|
|
36,946 |
|
Cash and cash equivalents at end of period |
|
$ |
44,962 |
|
|
$ |
36,764 |
|
Supplementary cash flow information: |
|
|
|
|
|
|
||
Cash paid for taxes |
|
$ |
36 |
|
|
$ |
— |
|
Operating cash flows paid for operating leases |
|
$ |
707 |
|
|
$ |
699 |
|
Financing cash flows paid for finance leases |
|
$ |
34 |
|
|
$ |
28 |
|
Non-cash investing and financing activities: |
|
|
|
|
|
|
||
Right-of-use assets obtained in exchange for finance lease liabilities |
|
$ |
— |
|
|
$ |
297 |
|
Purchases of property and equipment in accounts payable and accrued liabilities |
|
$ |
26 |
|
|
$ |
75 |
|
EVERSPIN TECHNOLOGIES, INC. Supplemental Quarterly Financial Results (In thousands, except per share amounts) (Unaudited) |
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GAAP Financial Results |
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Three months ended |
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Three months ended |
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June 30, |
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March 31, |
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|
|
2025 |
|
2024 |
|
Y/Y |
|
2025 |
|
Q/Q |
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Revenue |
|
$ |
13,201 |
|
|
$ |
10,636 |
|
|
24 |
% |
|
$ |
13,138 |
|
|
— |
|
Gross Profit |
|
$ |
6,768 |
|
|
$ |
5,216 |
|
|
30 |
% |
|
$ |
6,753 |
|
|
— |
|
Gross Margin |
|
|
51.3 |
% |
|
|
49.0 |
% |
|
Up 2.3 ppts |
|
|
51.4 |
% |
|
Down 0.1 ppts |
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Expenses |
|
$ |
8,729 |
|
|
$ |
8,035 |
|
|
9 |
% |
|
$ |
8,685 |
|
|
1 |
% |
Operating Income (Loss) |
|
$ |
(1,961) |
|
|
$ |
(2,819) |
|
|
30 |
% |
|
$ |
(1,932) |
|
|
(2) |
% |
Operating Margin |
|
|
(14.9) |
% |
|
|
(26.5) |
% |
|
Up 11.6 ppts |
|
|
(14.7) |
% |
|
Down 0.2 ppts |
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest and Other Income (Loss) |
|
$ |
1,265 |
|
|
$ |
393 |
|
|
222 |
% |
|
$ |
796 |
|
|
59 |
% |
Net Income (Loss) |
|
$ |
(670) |
|
|
$ |
(2,502) |
|
|
73 |
% |
|
$ |
(1,166) |
|
|
43 |
% |
Diluted Earnings Per Share |
|
$ |
(0.03) |
|
|
$ |
(0.12) |
|
|
75 |
% |
|
$ |
(0.05) |
|
|
40 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Non-GAAP Financial Results |
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|
|
Three months ended |
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|
Three months ended |
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|
||||||||||
|
|
June 30, |
|
|
|
|
March 31, |
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|
|
||||||||
|
|
2025 |
|
2024 |
|
Y/Y |
|
2025 |
|
Q/Q |
||||||||
Revenue |
|
$ |
13,201 |
|
|
$ |
10,636 |
|
|
24 |
% |
|
$ |
13,138 |
|
|
— |
% |
Gross Profit |
|
$ |
6,929 |
|
|
$ |
5,216 |
|
|
33 |
% |
|
$ |
6,939 |
|
|
— |
% |
Gross Margin |
|
|
52.5 |
% |
|
|
49.0 |
% |
|
Up 3.5 ppts |
|
|
52.8 |
% |
|
Down 0.3 ppts |
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Expenses |
|
$ |
7,471 |
|
|
$ |
6,173 |
|
|
21 |
% |
|
$ |
7,294 |
|
|
2 |
% |
Operating Income (Loss) |
|
$ |
(542) |
|
|
$ |
(957) |
|
|
43 |
% |
|
$ |
(355) |
|
|
(53) |
% |
Operating Margin |
|
|
(4.1) |
% |
|
|
(9.0) |
% |
|
Up 4.9 ppts |
|
|
(2.7) |
% |
|
Down 1.4 ppts |
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest and Other Income (Loss) |
|
$ |
1,265 |
|
|
$ |
393 |
|
|
222 |
% |
|
$ |
796 |
|
|
59 |
% |
Net Income (Loss) |
|
$ |
749 |
|
|
$ |
(640) |
|
|
217 |
% |
|
$ |
411 |
|
|
82 |
% |
Diluted Earnings Per Share |
|
$ |
0.03 |
|
|
$ |
(0.03) |
|
|
200 |
% |
|
$ |
0.02 |
|
|
50 |
% |
EVERSPIN TECHNOLOGIES, INC. Supplemental Reconciliations of GAAP Results to Non-GAAP Financial Measures (In thousands) (Unaudited) |
||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
|
|
Three Months Ended |
||||||||||||||||||||||
|
|
June 30, |
|
March 31, |
||||||||||||||||||||
|
|
2025 |
|
|
2024 |
|
|
2025 |
|
|||||||||||||||
|
|
Gross |
|
Gross |
|
Gross |
|
Gross |
|
Gross |
|
Gross |
||||||||||||
|
|
Profit |
|
Margin |
|
Profit |
|
Margin |
|
Profit |
|
Margin |
||||||||||||
GAAP |
|
$ |
6,768 |
|
|
|
51.3 |
% |
|
$ |
5,216 |
|
|
|
49.0 |
% |
|
$ |
6,753 |
|
|
|
51.4 |
% |
Stock-Based Compensation, COGS |
|
|
161 |
|
|
|
|
|
|
— |
|
|
|
|
|
|
186 |
|
|
|
|
|||
Non-GAAP |
|
$ |
6,929 |
|
|
|
52.5 |
% |
|
$ |
5,216 |
|
|
|
49.0 |
% |
|
$ |
6,939 |
|
|
|
52.8 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
|
|
Operating |
|
As a % |
|
Operating |
|
As a % |
|
Operating |
|
As a % |
||||||||||||
|
|
Expenses |
|
of Revenue |
|
Expenses |
|
of Revenue |
|
Expenses |
|
of Revenue |
||||||||||||
GAAP |
|
$ |
8,729 |
|
|
|
66.1 |
% |
|
$ |
8,035 |
|
|
|
75.5 |
% |
|
$ |
8,685 |
|
|
|
66.1 |
% |
Stock-Based Compensation, R&D |
|
|
(437 |
) |
|
|
|
|
|
(689 |
) |
|
|
|
|
|
(497 |
) |
|
|
|
|||
Stock-Based Compensation, SG&A |
|
|
(821 |
) |
|
|
|
|
|
(1,173 |
) |
|
|
|
|
|
(894 |
) |
|
|
|
|||
Non-GAAP |
|
$ |
7,471 |
|
|
|
56.6 |
% |
|
$ |
6,173 |
|
|
|
58.0 |
% |
|
$ |
7,294 |
|
|
|
55.5 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
|
|
Operating |
|
Operating |
|
Operating |
|
Operating |
|
Operating |
|
Operating |
||||||||||||
|
|
Income (Loss) |
|
Margin |
|
Income (Loss) |
|
Margin |
|
Income (Loss) |
|
Margin |
||||||||||||
GAAP |
|
$ |
(1,961 |
) |
|
|
(14.9 |
)% |
|
$ |
(2,819 |
) |
|
|
(26.5 |
)% |
|
$ |
(1,932 |
) |
|
|
(14.7 |
)% |
Stock-Based Compensation |
|
|
1,419 |
|
|
|
|
|
|
1,862 |
|
|
|
|
|
|
1,577 |
|
|
|
|
|||
Non-GAAP |
|
$ |
(542 |
) |
|
|
(4.1 |
)% |
|
$ |
(957 |
) |
|
|
(9.0 |
)% |
|
$ |
(355 |
) |
|
|
(2.7 |
)% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
|
|
Net |
|
Earnings |
|
Net |
|
Earnings |
|
Net |
|
Earnings |
||||||||||||
|
|
Income (Loss) |
|
Per Share |
|
Income (Loss) |
|
Per Share |
|
Income (Loss) |
|
Per Share |
||||||||||||
GAAP |
|
$ |
(670 |
) |
|
$ |
(0.03) |
|
$ |
(2,502 |
) |
|
$ |
(0.12) |
|
$ |
(1,166 |
) |
|
$ |
(0.05) |
|||
Stock-Based Compensation |
|
|
1,419 |
|
|
|
0.06 |
|
|
1,862 |
|
|
|
0.09 |
|
|
1,577 |
|
|
|
0.07 |
|||
Non-GAAP |
|
$ |
749 |
|
|
$ |
0.03 |
|
$ |
(640 |
) |
|
$ |
(0.03) |
|
$ |
411 |
|
|
$ |
0.02 |
|||
View source version on businesswire.com: https://www.businesswire.com/news/home/20250806557572/en/
Investor Relations:
Monica Gould
The Blueshirt Group
T: 212-871-3927
ir@everspin.com
Source: Everspin Technologies, Inc.
