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

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

February 25, 2021 4:05 PM EST

Second Consecutive Quarter with Positive Cash Flow From Operations

CHANDLER, Ariz.--(BUSINESS WIRE)-- Everspin Technologies, Inc. (NASDAQ: MRAM), the market leader in MRAM, today announced preliminary unaudited financial results for the fourth fiscal quarter and full year ended December 31, 2020.

Fourth Quarter and Full Year 2020 Highlights

2020 revenue increased 12.1% year-over-year to $42.0 million Q420 GAAP net loss per share of ($0.08) was a significant improvement over both the prior quarter and year-ago periods Generated $0.6 million cash flow from operations in Q420, the second consecutive... More