Everspin Technologies (MRAM) Tops Q4 EPS by 6c, Beats on Revenue; Offers Q1 Guidance

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Go back to Everspin Technologies (MRAM) Tops Q4 EPS by 6c, Beats on Revenue; Offers Q1 Guidance

Everspin Reports Unaudited Fourth Quarter and Full Year 2023 Financial Results

February 28, 2024 4:00 PM EST

Q423 revenue of $16.7 million and EPS of $0.09 exceeded guidance

Achieved record annual revenue and profitability in 2023

CHANDLER, Ariz.--(BUSINESS WIRE)-- Everspin Technologies, Inc. (NASDAQ: MRAM), the market leader in MRAM, today announced preliminary unaudited financial results for the fourth quarter and full year ended December 31, 2023.

We are pleased that our fourth quarter results exceeded our expectations across the board, led by strong product and RAD Hard revenue, said Sanjeev Aggarwal, President and Chief Executive Officer. For the full year, our team delivered record revenue and profitability,... More