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, Inc. (NASDAQ: MRAM) is active in the semiconductor and related device manufacturing sector as the world’s leading provider and a leading developer and manufacturer of Magnetoresistive RAM (MRAM) persistent memory solutions. This news page aggregates coverage of Everspin’s announcements, including product updates, financial results and corporate developments that shape its role in non-volatile memory markets.
Readers can find news on Everspin’s MRAM product portfolio, such as additions to the PERSYST MRAM family that target high-reliability use cases in aerospace, defense, automotive and industrial applications. Releases describe device characteristics like AEC-Q100 Grade 1 qualification, data retention at elevated temperatures, endurance, bandwidth and results from independent radiation testing, all of which are important for systems that cannot tolerate data loss or performance degradation.
The company also regularly issues press releases on preliminary unaudited quarterly financial results, where it discusses total revenue, MRAM product sales, licensing and royalty revenue, gross margin, operating expenses and net income or loss, along with non-GAAP measures that exclude stock-based compensation. Announcements of upcoming and completed earnings conference calls provide context for investors who follow MRAM’s financial performance.
Additional news items highlight executive appointments, such as changes in sales and business development leadership, and strategic collaborations, including Everspin’s partnership with Quintauris to integrate MRAM into RISC-V–based platforms for automotive, industrial and edge applications. Together, these updates give investors, analysts and industry observers insight into how Everspin is advancing MRAM technology, addressing mission-critical applications and managing its business. Bookmark this page to review Everspin’s latest press releases and historical news flow in one place.
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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.
Everspin Technologies, Inc. (NASDAQ: MRAM) will announce its fourth quarter and fiscal year end 2022 financial results on March 1, 2023, after market close. A conference call with CEO Sanjeev Aggarwal and CFO Anuj Aggarwal will take place on the same day at 5:00 p.m. Eastern Time to discuss the results. The 10-K report will be available on March 2. Participants must pre-register online to join the call, which will also be broadcast live in listen-only mode. Everspin is a leader in Magnetoresistive RAM, providing high-performance non-volatile memory solutions for various applications.
Everspin Technologies, Inc. (NASDAQ: MRAM) announced that President and CEO Sanjeev Aggarwal and CFO Anuj Aggarwal will participate in the 25th Annual Needham Growth Conference at the Lotte NY Palace Hotel in New York City from January 10-12, 2023. This conference offers portfolio managers and analysts the opportunity to engage with Everspin's management. Everspin is known as a leading provider of Magnetoresistive RAM, offering high-performance non-volatile memory solutions critical for Industrial IoT and Data Center applications.
Everspin Technologies (NASDAQ:MRAM) announced that Rimac Technology has selected its 256Kb MRAM for their all-electric Nevera hypercar. This decision highlights the suitability of Everspin's non-volatile memory in automotive applications, ensuring reliability in critical data systems. The MR25H256AMDF device meets the AEC-Q100 Grade 1 standard, indicating its robustness for demanding environments. Everspin views this partnership as a significant validation of its technology's value in the growing electric vehicle sector.
Everspin Technologies (NASDAQ: MRAM) reported strong preliminary Q3 2022 results, with revenues rising 4% to $15.2 million from Q2 2022 and 3% from Q3 2021. Net income increased to $1.9 million, marking a year-on-year growth from $0.9 million. Basic and diluted EPS improved to $0.09, and adjusted EBITDA reached $3.4 million. The company reported a gross margin of 58.8%, driven by enhanced yields in its toggle products. With cash reserves increasing to $23.4 million, Everspin anticipates Q4 2022 revenues between $14.1 million and $15.1 million amid industry supply constraints.