Everspin Reports Preliminary Unaudited Fourth Quarter and Full Year 2020 Financial Results

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Everspin Technologies, Inc. (MRAM) Misses Q4 EPS by 2c, Revenues Miss; Offers 1Q Revenue Outlook

February 25, 2021 5:58 PM EST

Everspin Technologies, Inc. (NASDAQ: MRAM) reported Q4 EPS of ($0.08), $0.02 worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $9.98 million versus the consensus estimate of $10.4 million.

Fourth Quarter and Full Year 2020 Highlights

2020 revenue increased 12.1% year-over-year to $42.0 millionQ420 GAAP net loss per share of ($0.08) was a significant improvement over both the prior quarter and year-ago... More