Everspin Technologies, Inc. (MRAM) Tops Q1 EPS by 9c, Offers Guidance

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Go back to Everspin Technologies, Inc. (MRAM) Tops Q1 EPS by 9c, Offers Guidance

Everspin Reports Unaudited First Quarter 2022 Financial Results

May 11, 2022 4:05 PM EDT

The Company continues growth into 2022 with profitable first quarter results

CHANDLER, Ariz.--(BUSINESS WIRE)-- Everspin Technologies, Inc. (NASDAQ: MRAM), the market leader in MRAM, today announced preliminary unaudited financial results for the first quarter ended March 31, 2022.

First Quarter 2022 Highlights

Q122 revenue increased $4.0 million, or 39%, to $14.3 million from $10.3 million for Q121. The Company reported net income of $1.9 million for Q122, compared to a net loss of $0.5 million for Q121. Adjusted EBITDA for Q122 improved to $3.1 million, compared to $0.8 million for... More