Everspin Technologies

Everspin Technologies, Inc. engages in the provision of magnetoresistive random access memory (MRAM) solutions. Its products include Toggle MRAM, Spin-transfer Torque MRAM, TMR Sensors, and Embedded MRAM. The company was founded by Saied Tehrani in June 2008 and is headquartered in Chandler, AZ.

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Everspin Technologies reports record revenue in 2022, eyes growth opportunities

Everspin Technologies achieved record-breaking performance in 2022, surpassing revenue targets and demonstrating strong financial metrics. Despite industry challenges, the company remains focused on innovation and growth opportunities in STT-MRAM technology. Optimism surrounds future revenue guidance and customer interest.

Everspin Technologies reports robust Q1 performance and eyes growth opportunities

Everspin Technologies delivered solid financial results in Q1 2023, showcasing revenue growth, debt-free status, and positive net income for the 8th consecutive quarter.
The company's innovative xSPI family products received industry recognition, and strong market demand is reflected in high product backlog and early design-ins.
While challenges in maintaining growth and managing expenses exist, Everspin's opportunities lie in expanding product sales, securing design wins, and leveraging its strong cash position for future growth.

Everspin Technologies reports strong Q2 earnings amidst semiconductor challenges

Everspin Technologies continues its streak of positive financial performance, with revenue growth and consistent profitability in Q2 2023.
Despite industry challenges, the company is innovating product offerings, expanding capabilities, and addressing supply chain constraints to drive future growth.
Opportunities in high-density STT-MRAM products, technological advancements, and specialized market segments position Everspin for sustained success and market leadership.

Everspin Technologies excels in Q3, expands product lines and partnerships

Everspin Technologies demonstrated strong financial performance in Q3, surpassing revenue targets and maintaining profitability.
The company showcased product innovation and strategic partnerships to enhance its market position and expand into new sectors.
While facing challenges in a competitive landscape, Everspin has opportunities for growth through market expansion and technological advancements.

Everspin Technologies reports record revenue and profitability, eyes growth opportunities

Everspin Technologies delivered robust financial performance in 2023, marked by record revenue and profitability.
Despite facing challenges from economic weakness in China, the company's strong cash position and technological focus position them well for future growth.
With a promising pipeline, design wins, and revenue expectations for 2024, Everspin Technologies is poised for continued success in the MRAM market.

Everspin Technologies meets Q1 revenue, eyes growth opportunities ahead

Everspin Technologies met Q1 revenue guidance, with a focus on industrial and aerospace markets. Facing challenges in Asia Pacific and certain end markets for Q2. Positioned for growth with upcoming design wins and IBM partnership.

Everspin Technologies projects revenue growth in Q3 amidst MRAM challenges

Everspin Technologies anticipates a stronger second half of 2024 with expected revenue growth driven by new design wins in the STT-MRAM segment. The company's focus on high-density STT-MRAM products and data center solutions positions it well for future growth.

Everspin Technologies meets Q3 targets, eyes growth in automotive sector

Everspin Technologies demonstrated solid performance in Q3 2024, meeting revenue and EPS targets.
Strengths lie in market traction, diversified product portfolio, strategic partnerships, and active industry participation.
Challenges include market competition, contract execution, production scalability, and supply chain disruptions.
Opportunities exist in market expansion, innovation through partnerships, growth in AI hardware projects, and industry visibility.

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Everspin Technologies offers a compelling risk/reward profile in the semiconductor space, with an ultra-low valuation crossed with the possibility of very high rates of AI-inspired growth. The company owns a strong balance sheet with $39.6 million in cash (no debt) and $59 million in tangible book value vs. a market cap of $135 million. Everspin's valuation is very attractive on sales, book value, cash flow, and future earnings growth potential (significantly cheaper than peers), suggesting terrific odds for an oversized share price gain.

Everspin: Still One Of My Favorite Risk/Reward Setups, With AI Catalysts

Everspin Technologies, Inc. (NASDAQ:MRAM ) Q3 2024 Results Conference Call October 30, 2024 5:00 PM ET Company Participants Sanjeev Aggarwal - President and Chief Executive Officer Matt Tenorio - Interim Chief Financial Officer Conference Call Participants Shadi Mitwalli - Needham & Company Richard Shannon - Craig-Hallum Operator Good afternoon and welcome to Everspin Technologies Third Quarter 2024 Financial Results Conference Call. At this time, all participants are in a listen-only mode.

Everspin Technologies, Inc. (MRAM) Q3 2024 Earnings Call Transcript

CHANDLER, Ariz.--(BUSINESS WIRE)--Everspin Technologies, Inc. (NASDAQ: MRAM), the world's leading developer and manufacturer of magnetoresistive random access memory (MRAM) persistent memory solutions, today announced preliminary unaudited financial results for the third quarter ended September 30, 2024. “We are pleased to report third quarter revenue in-line with our guidance and GAAP net income per diluted share ahead of our guidance, driven by our new contract wins, and our cost containment.

Everspin Reports Unaudited Third Quarter 2024 Financial Results

CHANDLER, Ariz.--(BUSINESS WIRE)--Everspin Technologies, Inc. (NASDAQ: MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, will release its third quarter 2024 financial results after market close on Wednesday, October 30, 2024. Sanjeev Aggarwal, President and Chief Executive Officer and Matt Tenorio, Interim Chief Financial Officer, will host a conference call on Wednesday, October 30 at 5:00 p.m. Eastern Time to dis.

Everspin Technologies Announces Date of Third Quarter 2024 Financial Results Conference Call

CHANDLER, Ariz.--(BUSINESS WIRE)--Everspin Technologies, Inc. (NASDAQ: MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, today announced that Lucid Motors will use its PERSYST MRAM in its recently released Gravity SUV. The MR25H256A, a 256Kb serial MRAM, was selected because it meets the AEC Q100 Grade 1 specification of -40C to 125C temperature operation. The MRAM is used in the Gravity to handle data logging and.

Lucid Motors Selects Everspin's PERSYST MRAM for Gravity Electric SUV

CHANDLER, Ariz.--(BUSINESS WIRE)--Everspin Technologies, Inc. (NASDAQ: MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, today announced a strategic award to develop a long-term plan to provide manufacturing services for aerospace and defense segments. Under the award, Everspin will provide a plan to mitigate risks to its MRAM manufacturing supply chain. “Everspin is pleased to provide continuous on-shore MRAM capa.

Everspin Awarded $14.55M to Provide Continued, Stable On-Shore MRAM Manufacturing

CHANDLER, Ariz.--(BUSINESS WIRE)--Everspin Technologies, Inc. (NASDAQ: MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, today announced a new strategic contract with Frontgrade Technologies. Under the contract, Everspin will provide its innovative PERSYST MRAM technology, logic design, and back-end-of-line manufacturing services to advance the development and demonstration of a Strategic Radiation Hardened (SRH) h.

Everspin Announces a $9.25M Contract to Provide MRAM Technology for Strategic Radiation Hardened eMRAM Macro

Everspin Technologies, Inc. (NASDAQ:MRAM ) Q2 2024 Earnings Call July 31, 2024 5:00 PM ET Company Participants Cassidy Fuller - Investor Relations Sanjeev Aggarwal - President and Chief Executive Officer Matt Tenorio - Interim Chief Financial Officer Conference Call Participants Quinn Bolton - Needham & Company Richard Shannon - Craig-Hallum Operator Good afternoon, and welcome to the conference call to discuss Everspin Technologies Second Quarter 2024 Financial Results. [Operator Instructions] As a reminder, this conference call is being recorded.

Everspin Technologies, Inc. (MRAM) Q2 2024 Earnings Call Transcript

CHANDLER, Ariz.--(BUSINESS WIRE)--Everspin Technologies, Inc. (NASDAQ: MRAM), the world's leading developer and manufacturer of magnetoresistive random access memory (MRAM) persistent memory solutions, today announced preliminary unaudited financial results for the second quarter ended June 30, 2024. “Our second quarter revenue and GAAP net loss per basic share came in in-line with our guidance,” said Sanjeev Aggarwal, President and Chief Executive Officer. “Despite a slower start to the year,.

Everspin Reports Unaudited Second Quarter 2024 Financial Results

QuickLogic

CHANDLER, Ariz.--(BUSINESS WIRE)--Everspin Technologies, Inc. (NASDAQ: MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, today announced a new strategic contract with QuickLogic Corporation (NASDAQ: QUIK). “Everspin is pleased to continue its collaboration with its partners QuickLogic and Honeywell to integrate MRAM directly into the FPGA product to support the DoD,” said Sanjeev Aggarwal, President Technologies an.

Everspin Announces Contract to Provide MRAM Technology for Strategic Radiation Hardened FPGA

CHANDLER, Ariz.--(BUSINESS WIRE)--Everspin Technologies, Inc. (NASDAQ: MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, will release its second quarter 2024 financial results after market close on Wednesday, July 31, 2024. Sanjeev Aggarwal, President and Chief Executive Officer, and Matt Tenorio, Interim Chief Financial Officer, will host a conference call on Wednesday, July 31 at 5:00 p.m. Eastern Time to discuss.

Everspin Technologies Announces Date of Second Quarter 2024 Financial Results Conference Call

CHANDLER, Ariz.--(BUSINESS WIRE)--Everspin Technologies, Inc. (NASDAQ: MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, today announced that Matthew Tenorio has been appointed Interim Chief Financial Officer, effective July 18, 2024. Tenorio succeeds Anuj Aggarwal, who is leaving Everspin July 26, 2024, to pursue other opportunities. Everspin has initiated a search to identify a permanent CFO. Tenorio rejoined Eve.

Everspin Technologies Announces Departure of Chief Financial Officer

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3 Tiny Stocks Primed for Enormous Gains by Next Year

CHANDLER, Ariz.--(BUSINESS WIRE)--Everspin Technologies, Inc. (NASDAQ: MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, today announced its inclusion in the Russell 2000® Index as part of the annual reconstitution of the Russell stock indexes. This inclusion was effective at the opening of U.S. equity markets on Monday, July 1, 2024, based on the preliminary list of additions posted on Friday, May 24, 2024. The an.

Everspin Technologies to Join Russell 2000 ® Index

CHANDLER, Ariz.--(BUSINESS WIRE)--Everspin Technologies, Inc. (NASDAQ: MRAM), the world's leading developer and manufacturer of magnetoresistive random access memory (MRAM) persistent memory solutions, announced that its presentation time at the Maxim Virtual TMT Conference has been changed. Everspin is now scheduled to present on Wednesday, June 5, 2024 at approximately 1:30 p.m. Eastern Time. A live webcast, as well as a replay, of the presentation will be available on the company's investor.

Everspin Technologies Announces Updated Presentation Time at the Maxim Virtual TMT Conference

CHANDLER, Ariz.--(BUSINESS WIRE)--Everspin Technologies, Inc. (NASDAQ: MRAM), the world's leading developer and manufacturer of magnetoresistive random access memory (MRAM) persistent memory solutions, announced that Sanjeev Aggarwal, President and Chief Executive Officer, will present at each of the following investor conferences: Event: Maxim Virtual TMT Conference Format: Fireside Chat When: Wednesday, June 5 Time: 9:30 a.m. Eastern Time Event: Baird Global Consumer, Technology, Services Con.

Everspin Technologies to Present at Upcoming Investor Conferences

Everspin Technologies is a leading semiconductor firm specializing in "electron spin" memory storage, offering advantages such as energy efficiency and data retention. The company experienced a dip in MRAM sales during early 2024, but has secured a major design win at IBM for its "hardened" inventions. A super-low enterprise valuation, especially measured against tangible book value, should reduce downside investment risk from $6 a share.

Everspin: Potential AI Buildout Beneficiary, With Giveaway Valuation

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CHANDLER, Ariz.--(BUSINESS WIRE)--Ernst & Young LLP (EY US) today announced that President and CEO Sanjeev Aggarwal of Everspin Technologies was named an Entrepreneur Of The Year® 2024 Pacific Southwest Award finalist. Now in its 38th year, Entrepreneur Of The Year is the preeminent competitive business award for audacious leaders who disrupt markets, revolutionize sectors and have a transformational impact on lives. Over the past four decades, the program has recognized the daring entrepre.

EY Announces Sanjeev Aggarwal of Everspin Technologies as an Entrepreneur Of The Year® 2024 Pacific Southwest Award Finalist

Everspin Technologies, Inc. (NASDAQ:MRAM ) Q1 2024 Earnings Conference Call May 1, 2024 5:00 PM ET Company Participants Sanjeev Aggarwal - President & Chief Executive Officer Anuj Aggarwal - Chief Financial Officer Conference Call Participants Richard Shannon - Craig-Hallum Capital Quinn Bolton - Needham Operator Good day and thank you for standing by. Welcome to the Conference Call to discuss Everspin Technologies First Quarter 2024 Financial Results.

Everspin Technologies, Inc. (MRAM) Q1 2024 Earnings Call Transcript

CHANDLER, Ariz.--(BUSINESS WIRE)--Everspin Technologies, Inc. (NASDAQ: MRAM), the world's leading developer and manufacturer of magnetoresistive random access memory (MRAM) persistent memory solutions, today announced preliminary unaudited financial results for the first quarter ended March 31, 2024. “Our first quarter revenue came in near the high end of our expectations while our GAAP net income came in below our expectations,” said Sanjeev Aggarwal, President and Chief Executive Officer. "We.

Everspin Reports Unaudited First Quarter 2024 Financial Results

CHANDLER, Ariz.--(BUSINESS WIRE)--Everspin Technologies, Inc. (NASDAQ: MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, today announced that IBM has chosen the PERSYST EMD4E001G 1Gb STT-MRAM for use in their FlashCore Module 4. The EMD4E001G, a high-performance persistent memory, ensures critical data integrity even during power loss. With a DDR4 interface, it delivers 2.7 gigabytes/second of both read and write b.

Next-Generation IBM FlashCore Modules Feature Everspin's PERSYST 1 Gigabit STT-MRAM, Enhancing Reliability

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CHANDLER, Ariz.--(BUSINESS WIRE)--Everspin Technologies, Inc. (NASDAQ: MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, will release its first quarter 2024 financial results after market close on Wednesday, May 1, 2024. Sanjeev Aggarwal, President and Chief Executive Officer and Anuj Aggarwal, Chief Financial Officer, will host a conference call on Wednesday, May 1st at 5:00 p.m. Eastern Time to discuss the Compan.

Everspin Announces Date of First Quarter 2024 Financial Results Conference Call

CHANDLER, Ariz.--(BUSINESS WIRE)--Everspin Technologies, Inc. (NASDAQ: MRAM), the world's leading developer and manufacturer of magnetoresistive random access memory (MRAM) persistent memory solutions, announced today the new brand name PERSYST for its persistent memory product family. Everspin's initiative to simplify product identification beyond conventional alphanumeric identifiers promises to make selecting the right solutions easier for clients. The company's legacy toggle MRAM parallel a.

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