Everspin Technologies, Inc. reports developments in Magnetoresistive Random Access Memory, or MRAM, persistent memory products for industrial, data center, automotive, aerospace, transportation and other mission-critical applications. Company news commonly covers Toggle MRAM and STT-MRAM product revenue, customer demand, design activity, and financial results tied to product sales, licensing, royalty, patent and other revenue.
Updates also include manufacturing capacity, on-shore supply chain initiatives, engineering services for defense-related MRAM applications, and product portfolio activity such as PERSYST xSPI STT-MRAM and UNISYST unified code-and-data MRAM. Everspin’s announcements connect its MRAM technology to non-volatile memory use cases where data persistence, endurance and reliability are central product requirements.
Everspin Technologies (NASDAQ: MRAM), a leader in magnetoresistive random access memory (MRAM) solutions, announced a schedule change for its presentation at the Maxim Virtual TMT Conference.
The company will now present on June 5, 2024, at 1:30 p.m. Eastern Time. A live webcast and replay will be accessible on Everspin's investor relations website.
Everspin Technologies (NASDAQ: MRAM) has announced that Sanjeev Aggarwal, its President and CEO, will present at two upcoming investor conferences. The first event is the Maxim Virtual TMT Conference on June 5 at 9:30 a.m. Eastern Time, which will feature a fireside chat format. The second event is the Baird Global Consumer, Technology, Services Conference on June 6 at 12:50 p.m. Eastern Time, where Aggarwal will give a presentation. Live webcasts and replays of these presentations will be available on Everspin's investor relations website.
Everspin Technologies, Inc. reported Q1’24 revenue of $14.4 million, near the high end of guidance, with GAAP net income falling below expectations. The company highlighted wins with IBM and entry into a foundry services agreement. Total revenue decreased from the previous year, with MRAM product sales and gross margin also down. The company ended the quarter with a strong balance sheet. For Q2 2024, Everspin expects revenue in the range of $10.0 million to $11.0 million, with a projected net loss per share. The outlook is subject to various external conditions, including market volatility and geopolitical risks.
Everspin Technologies announced that IBM has selected their PERSYST EMD4E001G 1Gb STT-MRAM for IBM's FlashCore Module 4, ensuring data integrity during power loss. The technology provides high read/write bandwidth, instant non-volatility, and sets the standard for persistent memory performance. Everspin's innovative technology is praised by IBM for robustness and quality.
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