Everspin Technologies, Inc. (MRAM) Tops Q3 EPS by 2c

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Go back to Everspin Technologies, Inc. (MRAM) Tops Q3 EPS by 2c

Everspin Reports Third Quarter 2018 Financial Results

November 8, 2018 4:05 PM EST

Revenue Grows 28% Year-over-Year; Sales of MRAM Products Increase 14% Sequentially

Second Quarter 2018 Financial Results to be Restated to Reflect $770 Thousand decrease in Inventory and increase in Cost of Goods Sold

CHANDLER, Ariz.--(BUSINESS WIRE)-- Everspin Technologies, Inc. (Nasdaq: MRAM), the world's leading developer and manufacturer of discrete and embedded MRAM, today announced financial results for the third quarter ended September 30, 2018.

Third Quarter and Recent Highlights

Total revenue of $11.5 million, an increase of 28% year-over-year Executed joint agreement with SilTerra to establish additional... More