Everspin Reports Fourth Quarter and Fiscal Year 2019 Financial Results
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Everspin Technologies, Inc. (MRAM) Reports Q4 Revenues Beat; Offers Q1 EPS Guidance Above Consensus, Q1 Revenue Mid-Point Guidance Above Consensus
March 12, 2020 4:43 PM EDTEverspin Technologies, Inc. (NASDAQ: MRAM) reported Q4 EPS of ($0.17), $0.01 worse than the analyst estimate of ($0.16). Revenue for the quarter came in at $9.7 million versus the consensus estimate of $9.5 million.
Fourth Quarter and Recent Highlights
Fourth quarter total revenue of $9.7 million was up 5% sequentially and at the high-end of guidanceEnded year with cash and equivalents of $14.5 millionImplemented restructuring to accelerate path to profitabilityAchieved second data center OEM qualification of 1Gb STT-MRAMAnnounced development of STT-MRAM for Industrial and IoT applicationsSigned joint development agreement extension with... More