Welcome to our dedicated page for Everspin Technol news (Ticker: MRAM), a resource for investors and traders seeking the latest updates and insights on Everspin Technol stock.
Everspin Technologies (MRAM) is a global leader in Magnetoresistive RAM solutions, delivering mission-critical memory technology for data centers, automotive systems, and industrial applications. This page provides investors and industry professionals with centralized access to official company announcements and market-relevant updates.
Discover comprehensive coverage of Everspin's latest developments including earnings reports, product innovations, and strategic partnerships. Our curated news collection ensures you stay informed about advancements in non-volatile memory technology and their impact across key sectors.
Regular updates include regulatory filings, technology breakthroughs, and executive insights. All content is verified for accuracy, providing a trustworthy resource for understanding Everspin's role in shaping next-generation memory solutions.
Bookmark this page for real-time access to essential MRAM industry intelligence. Check back frequently to monitor how Everspin's persistent memory technology continues to address evolving demands in data integrity and high-performance computing.
Everspin Technologies (NASDAQ: MRAM) is set to announce its Q1 2023 financial results after the market close on May 3, 2023. The company's President and CEO, Sanjeev Aggarwal, alongside Chief Financial Officer Anuj Aggarwal, will hold a conference call on the same day at 5:00 p.m. Eastern Time to discuss the results. Participants can pre-register online for a unique passcode and telephone number. The call will be broadcast live in listen-only mode, and a replay will also be available. Everspin is recognized as a leader in Magnetoresistive RAM (MRAM) technology, providing high-performance, non-volatile memory for various critical applications, including Industrial IoT and Data Centers.
Everspin Technologies (NASDAQ: MRAM) reported outstanding results for 2022, achieving record revenue of $60.0 million, a 9% increase from 2021. The fourth quarter showed a 3% revenue rise to $15.7 million. Net income reached $6.1 million, marking a 41% increase year-over-year. Adjusted EBITDA improved to $11.8 million. Gross margin for Q4 was 51.4%, down from 62.8% in Q4 2021, impacted by supplier costs. Everspin ended the year with $26.8 million in cash. Looking ahead, Q1 2023 revenue is projected between $14.1 million and $14.8 million, with net income per share expected between breakeven and $0.05.
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