Everspin Technologies

Everspin Reports Unaudited Third Quarter 2023 Financial Results

Retrieved on: 
Wednesday, November 1, 2023
Technology, Semiconductor, Engineering, Other Technology, Automotive Manufacturing, Manufacturing, Hardware, IOT (Internet of Things), Data Management, FRAM, Instability, Security (finance), SRAM, Temperature, Tax, EBITDA, GAAP, Bank statement, NVSRAM, Toggle, Risk, COVID-19, Radiation, STT-MRAM, Depreciation, BBSRAM, NOR, Annual report, NRE, Cryptocurrency, Video game, MRAM, Everspin Technologies

Everspin Technologies, Inc. (NASDAQ: MRAM), the market leader in MRAM, today announced preliminary unaudited financial results for the third quarter ended September 30, 2023.

Key Points: 
  • Everspin Technologies, Inc. (NASDAQ: MRAM), the market leader in MRAM, today announced preliminary unaudited financial results for the third quarter ended September 30, 2023.
  • Gross margin was 60.2%, compared to 58.4% in the second quarter of 2023 and 58.8% in the third quarter of 2022.
  • GAAP operating expenses were $7.9 million 2023, compared to $7.6 million in the second quarter of 2023 and $7.1 million in the third quarter of 2022.
  • Everspin encourages investors to review its financial statements and publicly-filed reports in their entirety and not to rely on any single financial measure.

Everspin Announces Expansion of Industrial STT-MRAM Devices

Retrieved on: 
Tuesday, October 17, 2023
Data Management, Consumer Electronics, Technology, Manufacturing, IOT (Internet of Things), Semiconductor, Telecommunications, Other Manufacturing, Networks, Internet, Hardware, Multimedia, SRAM, NOR, 4MBS, MRAM, Magnetoresistive RAM, Data center, Memory, Industrial, Temperature, BBSRAM, STT-MRAM, Magnetoresistance, Annual report, FRAM, Internet of things, NVSRAM, FPGA, Computer data storage, Automotive industry, DFN, Everspin Technologies

In addition to the new capacity and smaller packaging, Everspin is delivering an extended temperature range in the EMxxLX products of -40⁰C to 105⁰C.

Key Points: 
  • In addition to the new capacity and smaller packaging, Everspin is delivering an extended temperature range in the EMxxLX products of -40⁰C to 105⁰C.
  • The EMxxLX family can replace alternative solutions, such as SRAM, BBSRAM, FRAM, NVSRAM, and NOR flash devices.
  • With the addition of a 4Mb capacity option, our MRAM devices provide even more options to select the optimal density solutions.
  • Everspin MRAM delivers the industry’s most robust, highest performance non-volatile memory for Industrial IoT, Data Center, Automotive, and other mission-critical applications where data persistence is paramount.

Semiconductor Industry Veteran Kevin Conley Joins Applied Brain Research as CEO to Drive Next Phase of Innovation

Retrieved on: 
Monday, September 11, 2023
Acceleration, Artificial intelligence, ABR, Everspin Technologies, Growth, Artificial intelligence of things, SanDisk, Corsair Gaming, Management, AI

WATERLOO, ON, Sept. 11, 2023 /PRNewswire/ - Applied Brain Research , a trailblazing leader in the development of AI solutions, is proud to announce the appointment of Kevin Conley , an accomplished semiconductor industry veteran, as its new Chief Executive Officer.

Key Points: 
  • WATERLOO, ON, Sept. 11, 2023 /PRNewswire/ - Applied Brain Research , a trailblazing leader in the development of AI solutions, is proud to announce the appointment of Kevin Conley , an accomplished semiconductor industry veteran, as its new Chief Executive Officer.
  • With a proven track record of steering industry-leading businesses to new heights, Kevin brings unparalleled expertise and vision to ABR as it enters a transformative phase of growth and innovation.
  • Having held executive leadership positions at global semiconductor leaders, including SanDisk, Corsair Components and Everspin Technologies, Kevin has consistently driven innovation, propelled technology advancements, and delivered exceptional value to customers.
  • "I am thrilled to join ABR as CEO and embark on this exciting journey," said Kevin.

Everspin Technologies to Participate in the Jefferies Semiconductors, IT Hardware & Communications Infrastructure Summit on August 29-30

Retrieved on: 
Thursday, August 24, 2023
Technology, Semiconductor, Engineering, Automotive Manufacturing, Manufacturing, Internet, Hardware, Electronic Design Automation, Data Management, IOT (Internet of Things), CFO, Management, Everspin Technologies, MRAM

Everspin Technologies, Inc. (NASDAQ: MRAM), the market leader in MRAM, today announced Sanjeev Aggarwal, President and CEO, and Anuj Aggarwal, CFO, will participate in the Jefferies Semiconductors, IT Hardware & Communications Infrastructure Summit on August 29-30.

Key Points: 
  • Everspin Technologies, Inc. (NASDAQ: MRAM), the market leader in MRAM, today announced Sanjeev Aggarwal, President and CEO, and Anuj Aggarwal, CFO, will participate in the Jefferies Semiconductors, IT Hardware & Communications Infrastructure Summit on August 29-30.
  • This event is by invitation, please contact Jefferies directly for those who are interested in meeting with Everspin management.

Next-Generation Memory Market worth $17.7 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, August 21, 2023
Telecommunications, Enterprise, DSP, NRAM, SAS, NvSRAM, MLC, EHR, 3D NAND, Memory, Health information management, Configuration, MCU, Telehealth, FRAM, EEPROM, NAND, Electronics, Holographic Data Storage System, Biomedical Research, PCI Express, PMC, MTJ, Microchip Technology, NVM, Hardware, Everspin Technologies, Resistive random-access memory, MPU, MRAM, Tablet, Middleware, Honeywell, TLC, Formosa Plastics Group, Operating system, Form, SAMSUNG, EPROM, SATA, SLC, SRAM, Integrated circuit, Kioxia, Consumer electronics, FPGA, System size expansion, Computer data storage, Online shopping, Video game, Region, Software, Application, Interface, Health care, Automotive industry, Fujitsu, Flash, Geography

By technology, the MRAM is projected to hold the largest share of the next-generation memory market during the forecast period.

Key Points: 
  • By technology, the MRAM is projected to hold the largest share of the next-generation memory market during the forecast period.
  • This memory is well commercialized among next-generation non-volatile memory technologies.
  • Healthcare application segment is projected to grow at high CAGR of the next-generation memory market during the forecast period.
  • The Asia Pacific region is expected to hold the largest share of the next-generation memory market during the forecast period.

Next-Generation Memory Market worth $17.7 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, August 21, 2023
Telecommunications, Enterprise, DSP, NRAM, SAS, NvSRAM, MLC, EHR, 3D NAND, Memory, Health information management, Configuration, MCU, Telehealth, FRAM, EEPROM, NAND, Electronics, Holographic Data Storage System, Biomedical Research, PCI Express, PMC, MTJ, Microchip Technology, NVM, Hardware, Everspin Technologies, Resistive random-access memory, MPU, MRAM, Tablet, Middleware, Honeywell, TLC, Formosa Plastics Group, Operating system, Form, SAMSUNG, EPROM, SATA, SLC, SRAM, Integrated circuit, Kioxia, Consumer electronics, FPGA, System size expansion, Computer data storage, Online shopping, Video game, Region, Software, Application, Interface, Health care, Automotive industry, Fujitsu, Flash, Geography

By technology, the MRAM is projected to hold the largest share of the next-generation memory market during the forecast period.

Key Points: 
  • By technology, the MRAM is projected to hold the largest share of the next-generation memory market during the forecast period.
  • This memory is well commercialized among next-generation non-volatile memory technologies.
  • Healthcare application segment is projected to grow at high CAGR of the next-generation memory market during the forecast period.
  • The Asia Pacific region is expected to hold the largest share of the next-generation memory market during the forecast period.

Everspin to Provide Industry Insights on Automotive and Chiplet Panels at Flash Memory Summit

Retrieved on: 
Thursday, August 3, 2023
Software, Internet, Hardware, Electronic Design Automation, Data Management, IOT (Internet of Things), Technology, Semiconductor, Security, Engineering, Automotive Manufacturing, Manufacturing, DNA, Application, Difference, DRAM, Resistive random-access memory, Intelligence, Micron Technology, Silicon, Applicant tracking system, SRIOV, Motion, Flash memory, Intel, Silicon Motion, Architecture, Magnetoresistive RAM, FMS, Solid-state drive, Safety, Computer data storage, Nightclub, Everspin Technologies, Winbond, MRAM, Marketing

The Flash Memory Summit brings together industry leaders and startups across all forms of high-performance energy, including NAND Flash, DRAM, MRAM, ReRAM, and DNA data storage to discuss design, development, integration, marketing strategy and use cases.

Key Points: 
  • The Flash Memory Summit brings together industry leaders and startups across all forms of high-performance energy, including NAND Flash, DRAM, MRAM, ReRAM, and DNA data storage to discuss design, development, integration, marketing strategy and use cases.
  • In his presentation, O’Hare will discuss trends for automotive SSDs, including implementing new architecture and technologies to support the evolution toward autonomous vehicles.
  • Panelists will explore the differences between standalone memory chips and memory chiplets and how different interfaces may affect their architectures.
  • The event allows attendees to meet one-on-one with many experts within the flash memory industry.

Everspin Reports Unaudited Second Quarter 2023 Financial Results

Retrieved on: 
Wednesday, August 2, 2023
Technology, Hardware, Data Management, IOT (Internet of Things), Total, Back to the Basics (EP), Bank statement, Economy, COVID-19, Tax, Coronavirus, STT-MRAM, United States Department of the Treasury, GAAP, Risk, Treasury, Education for Economic Security Act, EBITDA, Annual report, Depreciation, EPS, Security (finance), Field-programmable gate array, Radiation, Cryptocurrency, Pharmaceutical industry, Bookkeeping, Reinsurance, Video game, Everspin Technologies, Toggle, MRAM

Everspin Technologies, Inc. (NASDAQ: MRAM), the market leader in MRAM, today announced preliminary unaudited financial results for the second quarter ended June 30, 2023.

Key Points: 
  • Everspin Technologies, Inc. (NASDAQ: MRAM), the market leader in MRAM, today announced preliminary unaudited financial results for the second quarter ended June 30, 2023.
  • Gross margin for the second quarter of 2023 was 58.4%, compared to 56.8% in the first quarter of 2023 and 58.4% in the second quarter of 2022.
  • GAAP operating expenses were $7.6 million in the second quarter of 2023, compared to $7.7 million in the first quarter of 2023 and $6.9 million in the second quarter of 2022.
  • Everspin generated cash flows from operating activities of $6.3 million in the second quarter of 2023, compared to $1.2 million in the first quarter of 2023, and $4.3 million in the second quarter of 2022.

Everspin Reports Unaudited First Quarter 2023 Financial Results

Retrieved on: 
Wednesday, May 3, 2023
Hardware, Semiconductor, Automotive Manufacturing, Electronic Design Automation, Security, Data Management, Satellite, Manufacturing, Consumer Electronics, Technology, Telecommunications, Software, Networks, Internet, Mobile, Wireless, Engineering, Embedded, Back to the Basics (EP), Bank statement, COVID-19, Tax, STT-MRAM, Toggle, GAAP, Risk, EBITDA, Royalty payment, Annual report, Memory, Depreciation, Security (finance), EPS, Conference, Cryptocurrency, Video game, Everspin Technologies, MRAM

Everspin Technologies, Inc. (NASDAQ: MRAM), the market leader in MRAM, today announced preliminary unaudited financial results for the first quarter ended March 31, 2023.

Key Points: 
  • Everspin Technologies, Inc. (NASDAQ: MRAM), the market leader in MRAM, today announced preliminary unaudited financial results for the first quarter ended March 31, 2023.
  • Gross margin for the first quarter of 2023 was 56.8%, compared to 51.4% in the fourth quarter of 2022 and 58.0% in the first quarter of 2022.
  • For the second quarter 2023, Everspin expects total revenue in a range of $14.5 million to $15.5 million.
  • Everspin encourages investors to review its financial statements and publicly-filed reports in their entirety and not to rely on any single financial measure.

 Everspin Reports Unaudited Fourth Quarter and Full Year 2022 Financial Results

Retrieved on: 
Wednesday, March 1, 2023
Technology, Hardware, Data Management, STT-MRAM, Back to the Basics (EP), Toggle, Sale, Security (finance), EPS, Depreciation, EBITDA, Tax, GAAP, Patent, Royalty payment, Bank statement, Traction, Total, STT, IP, Annual report, COVID-19, Risk, Video game, Cryptocurrency, MRAM, Everspin Technologies

MRAM product sales in the fourth quarter of 2022, which includes both Toggle and STT-MRAM revenue, was $14.6 million in the fourth quarter of 2022, and remained consistent with the third quarter of 2022.

Key Points: 
  • MRAM product sales in the fourth quarter of 2022, which includes both Toggle and STT-MRAM revenue, was $14.6 million in the fourth quarter of 2022, and remained consistent with the third quarter of 2022.
  • Licensing, Royalties, Patents and Other revenue in the fourth quarter of 2022 was $1.1 million compared to $0.7 million in the third quarter of 2022 and $5.6 million in the fourth quarter of 2021.
  • GAAP operating expenses was $7.5 million in the fourth quarter of 2022, compared to $7.1 million in the third quarter of 2022 and $7.7 million in the fourth quarter of 2021.
  • Everspin generated cash flows from operating activities of $5.2 million in the fourth quarter of 2022, compared to $0.9 million in the third quarter of 2022, and $6.4 million in the fourth quarter of 2021.