Everspin Technologies, Inc. (MRAM) Reports Q4 Revenues Beat; Offers Q1 EPS Guidance Above Consensus, Q1 Revenue Mid-Point Guidance Above Consensus

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Go back to Everspin Technologies, Inc. (MRAM) Reports Q4 Revenues Beat; Offers Q1 EPS Guidance Above Consensus, Q1 Revenue Mid-Point Guidance Above Consensus

Everspin Reports Fourth Quarter and Fiscal Year 2019 Financial Results

March 12, 2020 4:05 PM EDT

Revenue at High-End of Guidance with 54% Gross Margin

CHANDLER, Ariz.--(BUSINESS WIRE)-- Everspin Technologies, Inc. (Nasdaq: MRAM), the market leader in MRAM, today announced financial results for the fourth quarter ended December 31, 2019.

Fourth Quarter and Recent Highlights

Fourth quarter total revenue of $9.7 million was up 5% sequentially and at the high-end of guidance Ended year with cash and equivalents of $14.5 million Implemented restructuring to accelerate path to profitability Achieved second data center OEM qualification of 1Gb STT-MRAM Announced development... More