Everspin Technol Stock Price, News & Analysis

Everspin Technologies, Inc. (NASDAQ: MRAM) will announce its second quarter 2021 financial results on August 12, 2021, after market close. A conference call led by Executive Chairman Darin Billerbeck is scheduled for 5:00 p.m. Eastern Time to discuss the financial results. The call will be accessible via teleconference, and live streaming will be available on the company's investor relations website. A replay of the call will be accessible through August 19, 2021.

Everspin Technologies (NASDAQ:MRAM) has announced that its 256 Kilobit MRAM has been integrated into Lucid Motors' master powertrain system for the Lucid Air all-electric sedan. The MR25H256AMDF device adheres to AEC-Q100 Grade 1 standards, ensuring reliability in critical automotive applications. Everspin emphasizes this endorsement as crucial, highlighting the advantages of MRAM over traditional memory technologies, such as high endurance and 20-year data retention. The company notes its MRAM products meet the evolving demands of the automotive industry.

Everspin Technologies (NASDAQ: MRAM) reported a 1.7% year-over-year revenue increase to $10.3 million for Q1 2021. The GAAP net loss improved to ($0.02) per share, down from ($0.08) in Q4 2020 and ($0.10) in Q1 2020. The company generated $1.6 million in cash flow from operations, marking the third consecutive quarter of positive cash flow. Everspin anticipates Q2 2021 revenue between $11 million and $12 million with a projected net loss per share ranging from ($0.11) to ($0.07).

Everspin Technologies, Inc. (NASDAQ: MRAM) is set to release its first quarter 2021 financial results on May 6, 2021, after market close. Executive Chairman and Interim CEO Darin Billerbeck will lead a conference call at 5:30 p.m. Eastern Time to discuss the results. Interested analysts and investors can join the call using the provided dial-in information. A replay of the call will be available until May 13, 2021. Everspin is recognized as a leader in Magnetoresistive RAM, offering high-performance non-volatile memory solutions for critical applications.

Everspin Technologies, Inc. (NASDAQ: MRAM) announced the resignation of Chief Financial Officer Daniel Berenbaum, effective April 16, 2021. Berenbaum is leaving to pursue another opportunity overseas. Following his departure, Aparna Oka will serve as the interim principal financial officer and principal accounting officer. Oka currently holds the position of Corporate Controller at Everspin. The company expressed gratitude for Berenbaum's contributions and is now looking for a permanent CFO.

Everspin Technologies, Inc. (NASDAQ: MRAM) reported preliminary unaudited financial results for Q4 and full year 2020, with a 12.1% increase in revenue year-over-year to $42.0 million. Q4 total revenue was $10.0 million, with a GAAP net loss of ($1.6 million) or ($0.08) per share, an improvement from Q4 2019. The company generated $0.6 million in cash flow from operations in Q4 and ended 2020 with $14.6 million in cash. Everspin anticipates Q1 2021 revenue between $10.0 million and $10.8 million.

Everspin Technologies, Inc. (NASDAQ: MRAM) will release its fourth quarter and fiscal year 2020 financial results on February 25, 2021, post-market close. Executive Chairman and Interim CEO Darin Billerbeck, along with CFO Daniel Berenbaum, will host a conference call at 5:00 p.m. ET to discuss the results. Interested analysts and investors can join the call using the provided teleconference numbers. A replay will be available until March 4, 2021. Everspin is a leading provider of Magnetoresistive RAM (MRAM), focusing on non-volatile memory solutions for critical applications.

Everspin Technologies (NASDAQ: MRAM) has appointed Sanjeev Aggarwal as its first Chief Technology Officer (CTO), while he retains his position as Vice President of Technology Research and Development. Aggarwal, a key figure since Everspin's inception in 2008, brings extensive experience in Magnetoresistive RAM (MRAM) technology. His new role aims to enhance the promotion of Everspin's innovative non-volatile memory solutions. Interim CEO Darin Billerbeck expressed confidence in Aggarwal's leadership as the company advances its MRAM roadmap.

Everspin Technologies, Inc. (NASDAQ: MRAM) announced the resignation of Kevin Conley as President and CEO, effective January 30, 2021. Darin Billerbeck, previously non-executive Chairman, will serve as interim CEO and Executive Chairman. Billerbeck brings extensive semiconductor memory experience, having held leadership roles at Intel, Zilog, and Lattice Semiconductor. The company adjusted its fourth quarter 2020 revenue guidance to between $10.1 million and $10.5 million, down from earlier expectations of up to $10.9 million. No conference call will follow this announcement.