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. 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) 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.
Everspin Technologies (NASDAQ: MRAM) has launched its new EMxxLX STT-MRAM product family, the highest-performing persistent memory available, ideal for industrial IoT and aerospace applications. This technology offers densities from 8 to 64Mb, a bandwidth of 400MB/s, and an xSPI interface. The EMxxLX devices maintain data integrity during power loss, exhibit high endurance, and are less susceptible to radiation. Notably, Airbus has previously utilized Everspin's MRAM solutions and anticipates leveraging the enhanced features of EMxxLX.
Everspin Technologies, Inc. announces its membership in the Global Semiconductor Alliance (GSA), which aims to foster collaboration within the semiconductor industry. CEO Sanjeev Aggarwal emphasized the importance of innovation in promoting MRAM technology. Everspin is a leader in the non-volatile memory market, having deployed over 120 million MRAM products across various sectors such as data centers and automotive. The GSA membership will enable Everspin to work closely with industry leaders, enhancing growth and innovation opportunities.
Everspin Technologies, Inc. (NASDAQ: MRAM) will release its third-quarter 2022 financial results on November 9, 2022, after market close. President and CEO Sanjeev Aggarwal and CFO Anuj Aggarwal will discuss these results during a conference call at 5:00 p.m. Eastern Time. Interested parties can pre-register to participate and submit questions. Everspin is recognized as the leading provider of Magnetoresistive RAM (MRAM), focusing on high-performance non-volatile memory solutions for critical applications across various sectors.
Everspin Technologies (NASDAQ:MRAM) has signed a contract with QuickLogic (NASDAQ:QUIK) to provide MRAM technology and manufacturing services, valued initially at $2.8M, with potential growth to $8.7M. This project aims to develop Strategic Radiation Hardened (SRH) FPGA technology for Department of Defense applications. Everspin's MRAM technology, noted for its radiation immunity, will be integrated into FPGA products, expanding its market reach. Everspin and QuickLogic express confidence in the collaboration's potential to innovate for harsh environments.