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.
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.
Everspin Technologies, Inc. (Nasdaq: MRAM) has announced participation in several upcoming investor conferences with CEO Kevin Conley and CFO Daniel Berenbaum. Key events include the Craig-Hallum Virtual Alpha-Select Conference on November 17, 2020, Benchmark Discovery Conference on November 18, 2020, and the Oppenheimer 5G Summit on December 15, 2020, followed by the 12th Annual Virtual CEO Summit on December 16, 2020, and the Needham Virtual Growth Conference from January 11 to 15, 2021. Interested portfolio managers and analysts can request meetings with management through respective firm representatives.
Everspin Technologies, Inc. (NASDAQ: MRAM) will announce its third quarter 2020 financial results on November 5, 2020, after market close. CEO Kevin Conley and CFO Daniel Berenbaum will host a conference call at 5:00 p.m. ET to discuss the financial results. Interested parties can access the live call through the investor relations website or dial in using specified numbers. A replay of the call will be available from November 5 to November 12, 2020. Everspin is a leader in Magnetoresistive RAM technology, providing robust memory solutions for various critical applications.