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Everspin Technologies, Inc - $MRAM STOCK NEWS

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.

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. (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%
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none
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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%
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Rhea-AI Summary
Everspin Technologies to release Q3 2023 financial results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.39%
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conferences earnings
Rhea-AI Summary
Everspin Technologies expands its EMxxLX product family, offering higher performance and extended temperature range for industrial applications.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.18%
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none
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Rhea-AI Summary
Everspin Technologies to participate in Jefferies Semiconductors, IT Hardware & Communications Infrastructure Summit.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.76%
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conferences
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.48%
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none
Rhea-AI Summary
Everspin Technologies reports positive Q2 results with revenue of $15.7 million, net income of $3.9 million, and cash flows of $6.3 million. The company received a one-time employee retention tax credit of $2.0 million. Everspin expects Q3 revenue in the range of $15.4 million to $16.4 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.48%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.4%
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conferences earnings
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.21%
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none
Rhea-AI Summary
Everspin Technologies, Inc. (NASDAQ: MRAM) announced solid first quarter results, with revenue of $14.8 million and net income of $0.8 million. The company paid off its debt and ended the quarter with $24.2 million in cash and cash equivalents. Everspin's GAAP net income has been positive for the 8th consecutive quarter, driven by growing demand for its MRAM products. The company's new xSPI family of STT-MRAM products received the Best in Show Memory and Storage Category award at the Embedded World Exhibition & Conference, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.42%
Tags
Everspin Technologies, Inc

Nasdaq:MRAM

MRAM Rankings

MRAM Stock Data

132.79M
15.63M
5.22%
62.83%
0.5%
Semiconductor and Related Device Manufacturing
Manufacturing
Link
United States of America
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.