Everspin Technologies, Inc. manufactures and sells magnetoresistive random access memory (MRAM) products in the United States, Hong Kong, Japan, China, Germany, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and tunnel magneto resistance sensor products, as well as foundry services for embedded MRAM. The company provides its products for applications, including data center, industrial, medical, automotive, aerospace, and transportation markets. It serves original equipment manufacturers and original design manufacturers through a direct sales channel and a network of representatives and distributors. Everspin Technologies, Inc. was incorporated in 2008 and is headquartered in Chandler, Arizona.
IPO Year: 2016
Exchange: NASDAQ
Website: everspin.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/3/2022 | $12.00 → $13.00 | Strong Buy | Needham |
| 11/12/2021 | $10.00 → $12.00 | Strong Buy | Needham |
Q3'24 revenue of $12.1 million in-line with guidance and EPS of $0.10 exceeded guidance Everspin Technologies, Inc. (NASDAQ:MRAM), the world's leading developer and manufacturer of magnetoresistive random access memory (MRAM) persistent memory solutions, today announced preliminary unaudited financial results for the third quarter ended September 30, 2024. "We are pleased to report third quarter revenue in-line with our guidance and GAAP net income per diluted share ahead of our guidance, driven by our new contract wins, and our cost containment efforts," said Sanjeev Aggarwal, President and Chief Executive Officer. "We had new contracts during the quarter, showcasing the strength of our
Everspin Technologies, Inc. (NASDAQ:MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, will release its third quarter 2024 financial results after market close on Wednesday, October 30, 2024. Sanjeev Aggarwal, President and Chief Executive Officer and Matt Tenorio, Interim Chief Financial Officer, will host a conference call on Wednesday, October 30 at 5:00 p.m. Eastern Time to discuss the Company's financial results. What: Everspin Technologies' Third Quarter 2024 Financial Results Conference Call When: Wednesday, October 30, 2024 Time: 5 p.m. ET Webcast: https://investor.everspin.
Lucid has integrated Everspin's MRAM Across Multiple High-Performance EV Models, Strengthening Data Reliability and System Performance Everspin Technologies, Inc. (NASDAQ:MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, today announced that Lucid Motors will use its PERSYST MRAM in its recently released Gravity SUV. The MR25H256A, a 256Kb serial MRAM, was selected because it meets the AEC Q100 Grade 1 specification of -40C to 125C temperature operation. The MRAM is used in the Gravity to handle data logging and parameter storage to assist in the efficient operation of the all-electric powertrain. "The select
Everspin PERSYST MRAM manufacturing facilities will continue to be used for US domestic production of MRAM wafers and devices for aerospace and defense industries Everspin Technologies, Inc. (NASDAQ:MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, today announced a strategic award to develop a long-term plan to provide manufacturing services for aerospace and defense segments. Under the award, Everspin will provide a plan to mitigate risks to its MRAM manufacturing supply chain. "Everspin is pleased to provide continuous on-shore MRAM capability to its aerospace and defense customers," said Sanjeev Aggarwa
Everspin PERSYST MRAM technology will be used for the development of the domestic production of electronics for aerospace and defense Everspin Technologies, Inc. (NASDAQ:MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, today announced a new strategic contract with Frontgrade Technologies. Under the contract, Everspin will provide its innovative PERSYST MRAM technology, logic design, and back-end-of-line manufacturing services to advance the development and demonstration of a Strategic Radiation Hardened (SRH) high-reliability eMRAM macro for use in future products by Frontgrade. "Everspin is pleased to wor
Q2'24 revenue of $10.6 million in-line with guidance Everspin Technologies, Inc. (NASDAQ:MRAM), the world's leading developer and manufacturer of magnetoresistive random access memory (MRAM) persistent memory solutions, today announced preliminary unaudited financial results for the second quarter ended June 30, 2024. "Our second quarter revenue and GAAP net loss per basic share came in in-line with our guidance," said Sanjeev Aggarwal, President and Chief Executive Officer. "Despite a slower start to the year, we continue to see a path towards a stronger second half supported by design wins with our PERSYST 4Mb to 128Mb STT-MRAM product family, especially in the European and Asia Pacif
This contract is part of the third tranche of the $5.26 Million Strategic Radiation Hardened Contract awarded to QuickLogic Everspin Technologies, Inc. (NASDAQ:MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, today announced a new strategic contract with QuickLogic Corporation (NASDAQ:QUIK). "Everspin is pleased to continue its collaboration with its partners QuickLogic and Honeywell to integrate MRAM directly into the FPGA product to support the DoD," said Sanjeev Aggarwal, President Technologies and CEO of Everspin Technologies. "This project builds upon over 12 years of Everspin's experience in deliveri
Everspin Technologies, Inc. (NASDAQ:MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, will release its second quarter 2024 financial results after market close on Wednesday, July 31, 2024. Sanjeev Aggarwal, President and Chief Executive Officer, and Matt Tenorio, Interim Chief Financial Officer, will host a conference call on Wednesday, July 31 at 5:00 p.m. Eastern Time to discuss the Company's financial results. What: Everspin Technologies' Second Quarter 2024 Financial Results Conference Call When: Wednesday, July 31, 2024 Time: 5 p.m. ET Webcast: https://investor.everspin.com/ (live and replay) About Eve
Appoints Matthew Tenorio as Interim Chief Financial Officer; Reiterates Q2 24 Guidance Everspin Technologies, Inc. (NASDAQ:MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, today announced that Matthew Tenorio has been appointed Interim Chief Financial Officer, effective July 18, 2024. Tenorio succeeds Anuj Aggarwal, who is leaving Everspin July 26, 2024, to pursue other opportunities. Everspin has initiated a search to identify a permanent CFO. Tenorio rejoined Everspin in June 2024 as an independent consultant providing services in support of finance operations. He previously served as the Company's Cor
Everspin Technologies, Inc. (NASDAQ:MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, today announced its inclusion in the Russell 2000® Index as part of the annual reconstitution of the Russell stock indexes. This inclusion was effective at the opening of U.S. equity markets on Monday, July 1, 2024, based on the preliminary list of additions posted on Friday, May 24, 2024. The annual Russell indexes reconstitution captures the 4,000 largest U.S. stocks as of Friday, June 28, 2024, ranking them by total market capitalization. Membership in the U.S. all-cap Russell 3000® Index, which lasts for one year, guaran
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Needham reiterated coverage of Everspin Technologies with a rating of Strong Buy and set a new price target of $13.00 from $12.00 previously
Needham reiterated coverage of Everspin Technologies with a rating of Strong Buy and set a new price target of $12.00 from $10.00 previously
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Q3'24 revenue of $12.1 million in-line with guidance and EPS of $0.10 exceeded guidance Everspin Technologies, Inc. (NASDAQ:MRAM), the world's leading developer and manufacturer of magnetoresistive random access memory (MRAM) persistent memory solutions, today announced preliminary unaudited financial results for the third quarter ended September 30, 2024. "We are pleased to report third quarter revenue in-line with our guidance and GAAP net income per diluted share ahead of our guidance, driven by our new contract wins, and our cost containment efforts," said Sanjeev Aggarwal, President and Chief Executive Officer. "We had new contracts during the quarter, showcasing the strength of our
Everspin Technologies, Inc. (NASDAQ:MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, will release its third quarter 2024 financial results after market close on Wednesday, October 30, 2024. Sanjeev Aggarwal, President and Chief Executive Officer and Matt Tenorio, Interim Chief Financial Officer, will host a conference call on Wednesday, October 30 at 5:00 p.m. Eastern Time to discuss the Company's financial results. What: Everspin Technologies' Third Quarter 2024 Financial Results Conference Call When: Wednesday, October 30, 2024 Time: 5 p.m. ET Webcast: https://investor.everspin.
Q2'24 revenue of $10.6 million in-line with guidance Everspin Technologies, Inc. (NASDAQ:MRAM), the world's leading developer and manufacturer of magnetoresistive random access memory (MRAM) persistent memory solutions, today announced preliminary unaudited financial results for the second quarter ended June 30, 2024. "Our second quarter revenue and GAAP net loss per basic share came in in-line with our guidance," said Sanjeev Aggarwal, President and Chief Executive Officer. "Despite a slower start to the year, we continue to see a path towards a stronger second half supported by design wins with our PERSYST 4Mb to 128Mb STT-MRAM product family, especially in the European and Asia Pacif
Everspin Technologies, Inc. (NASDAQ:MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, will release its second quarter 2024 financial results after market close on Wednesday, July 31, 2024. Sanjeev Aggarwal, President and Chief Executive Officer, and Matt Tenorio, Interim Chief Financial Officer, will host a conference call on Wednesday, July 31 at 5:00 p.m. Eastern Time to discuss the Company's financial results. What: Everspin Technologies' Second Quarter 2024 Financial Results Conference Call When: Wednesday, July 31, 2024 Time: 5 p.m. ET Webcast: https://investor.everspin.com/ (live and replay) About Eve
Q1'24 revenue of $14.4 million near high end of guidance range Everspin Technologies, Inc. (NASDAQ:MRAM), the world's leading developer and manufacturer of magnetoresistive random access memory (MRAM) persistent memory solutions, today announced preliminary unaudited financial results for the first quarter ended March 31, 2024. "Our first quarter revenue came in near the high end of our expectations while our GAAP net income came in below our expectations," said Sanjeev Aggarwal, President and Chief Executive Officer. "We are very pleased with some of our recent wins, most notably with IBM for our PERSYST STT-MRAM solution, which will be used in their FCM4 FlashCore Module, and we are e
Everspin Technologies, Inc. (NASDAQ:MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, will release its first quarter 2024 financial results after market close on Wednesday, May 1, 2024. Sanjeev Aggarwal, President and Chief Executive Officer and Anuj Aggarwal, Chief Financial Officer, will host a conference call on Wednesday, May 1st at 5:00 p.m. Eastern Time to discuss the Company's financial results. What: Everspin's First Quarter 2024 Financial Results Conference Call When: Wednesday, May 1, 2024 Time: 5 p.m. ET Webcast: https://investor.everspin.com/ (
Q4'23 revenue of $16.7 million and EPS of $0.09 exceeded guidance Achieved record annual revenue and profitability in 2023 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, while driving improved gross margins through operational excellence, and we closed the year with 217 design wi
Everspin Technologies, Inc. (NASDAQ:MRAM), the market leader in MRAM, will release its fourth quarter and full year 2023 financial results after market close on Wednesday, February 28, 2024. Sanjeev Aggarwal, President and Chief Executive Officer, and Anuj Aggarwal, Chief Financial Officer, will host a conference call on Wednesday, February 28th at 5:00 p.m. Eastern Time to discuss the Company's financial results. What: Everspin's Fourth Quarter and Full Year 2023 Financial Results Conference Call When: Wednesday, February 28, 2024 Time: 5 p.m. ET Webcast: https://investor.everspin.com/ (live and replay) About Everspin Technolog
Revenue rose 8% year over year to $16.5 million, exceeding guidance. Net income increased 27.8% year over year to $2.4 million. Everspin Technologies, Inc. (NASDAQ:MRAM), the market leader in MRAM, today announced preliminary unaudited financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Highlights Revenue of $16.5 million increased 8% from $15.2 million in Q3'22 Net income of $2.4 million increased 27.8% from $1.9 million in Q3'22 Adjusted EBITDA of $4.0 million increased 18.7% from $3.4 million in Q3'22 Fully diluted EPS of $0.11 increased from $0.09 in Q3'22 Cash flow from operating activities of $3.6 million, rose from $0.9 million in
Everspin Technologies, Inc. (NASDAQ:MRAM), the market leader in MRAM, will release its third quarter 2023 financial results after market close on Wednesday, November 1, 2023. Sanjeev Aggarwal, President and Chief Executive Officer and Anuj Aggarwal, Chief Financial Officer, will host a conference call on Wednesday November 1st at 5:00 p.m. Eastern Time to discuss the Company's financial results. To participate and ask questions, please pre-register online to receive a telephone number and a unique passcode at: https://register.vevent.com/register/BI9a4ca2b47f2b43b287d531a2ac2a5873 The conference call will be broadcast live in listen-only mode at: https://edge.media-server.com/mmc/p/exhy
Appoints Matthew Tenorio as Interim Chief Financial Officer; Reiterates Q2 24 GuidanceEverspin Technologies, Inc. (NASDAQ:MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, today announced that Matthew Tenorio has been appointed Interim Chief Financial Officer, effective July 18, 2024.Tenorio succeeds Anuj Aggarwal, who is leaving Everspin July 26, 2024, to pursue other opportunities. Everspin has initiated a search to identify a permanent CFO.
This inclusion was effective at the opening of U.S. equity markets on Monday, July 1, 2024, based on the preliminary list of additions posted on Friday, May 24, 2024.
Craig-Hallum analyst Richard Shannon maintains Everspin Technologies (NASDAQ:MRAM) with a Buy and lowers the price target from $11 to $10.
Gainers Tungray Technologies (NASDAQ:TRSG) shares rose 25.9% to $7.74 during Thursday's pre-market session. The market value of their outstanding shares is at $125.7 million. Ondas Holdings (NASDAQ:ONDS) shares moved upwards by 14.54% to $0.95. The market value of their outstanding shares is at $62.5 million. LightPath Technologies (NASDAQ:LPTH) shares increased by 13.38% to $1.61. The market value of their outstanding shares is at $61.2 million. Saverone 2014 (NASDAQ:SVRE) shares moved upwards by 12.56% to $0.81. The company's market cap stands at $12.9 million. Greenidge Generation Hldg (NASDAQ:GREE) stock rose 11.94% to $3.0. The market value of their outstanding shares is at $29.3 m
Needham analyst Quinn Bolton maintains Everspin Technologies (NASDAQ:MRAM) with a Buy and lowers the price target from $12 to $8.
Everspin Technologies (NASDAQ:MRAM) reported quarterly losses of $(0.01) per share which missed the analyst consensus estimate of $0.03 by 133.33 percent. This is a 125 percent decrease over earnings of $0.04 per share from the same period last year. The company reported quarterly sales of $14.430 million which beat the analyst consensus estimate of $14.050 million by 2.70 percent. This is a 2.80 percent decrease over sales of $14.846 million the same period last year.
Gainers Brand Engagement Network (NASDAQ:BNAI) stock rose 23.2% to $2.6 during Wednesday's after-market session. The market value of their outstanding shares is at $86.6 million. Castellum (AMEX:CTM) shares moved upwards by 7.95% to $0.27. The market value of their outstanding shares is at $14.3 million. My Size (NASDAQ:MYSZ) shares rose 6.53% to $4.4. The market value of their outstanding shares is at $2.8 million. Wetouch Technology (NASDAQ:WETH) stock rose 6.38% to $2.0. The market value of their outstanding shares is at $23.8 million. FormFactor (NASDAQ:FORM) shares rose 5.7% to $46.5. The company's market cap stands at $3.5 billion. The company's, Q1 earnings came out today. Kopin
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Appoints Matthew Tenorio as Interim Chief Financial Officer; Reiterates Q2 24 Guidance Everspin Technologies, Inc. (NASDAQ:MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, today announced that Matthew Tenorio has been appointed Interim Chief Financial Officer, effective July 18, 2024. Tenorio succeeds Anuj Aggarwal, who is leaving Everspin July 26, 2024, to pursue other opportunities. Everspin has initiated a search to identify a permanent CFO. Tenorio rejoined Everspin in June 2024 as an independent consultant providing services in support of finance operations. He previously served as the Company's Cor
Everspin Technologies, Inc. (NASDAQ:MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, today announced its inclusion in the Russell 2000® Index as part of the annual reconstitution of the Russell stock indexes. This inclusion was effective at the opening of U.S. equity markets on Monday, July 1, 2024, based on the preliminary list of additions posted on Friday, May 24, 2024. The annual Russell indexes reconstitution captures the 4,000 largest U.S. stocks as of Friday, June 28, 2024, ranking them by total market capitalization. Membership in the U.S. all-cap Russell 3000® Index, which lasts for one year, guaran
Seasoned financial leader brings deep experience delivering operational efficiency and profitable growth Bloom Energy Inc. (NYSE:BE), a leading provider of clean energy solutions, announced today the appointment of Daniel Berenbaum as Chief Financial Officer, effective April 29, 2024. Berenbaum will succeed Greg Cameron, who will remain with the company until mid-May 2024 to ensure a smooth transition. "We're thrilled to have Dan join our leadership team," said KR Sridhar, Founder, Chairman and Chief Executive Officer. "He stood out among an exceptional group of finalists by showing a strong record of success across the board – on scaling and strategy; on financial discipline and cost r
Mitchell will Draw on Previous Everspin Experience and 40 Years of Semiconductor Expertise to Guide Strategic Growth. Everspin Technologies, Inc. (NASDAQ:MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, announced the appointment of Douglas Mitchell to its Board of Directors, effective February 26, 2024. Mr. Mitchell has held various executive management positions focusing on corporate leadership, technology, marketing and business development of micro-controllers, digital signal processors and memories. His principal focus has been market requirements, providing rapid growth opportunities for high-performa
Everspin Technologies, Inc. (NASDAQ:MRAM), the market leader in MRAM, today announced the appointment of Sanjeev Aggarwal as Everspin's President and Chief Executive Officer (CEO), effective March 14, 2022. Effective on such date, Darin Billerbeck, Everspin's Executive Chairman of the Board and Interim CEO will resign as Interim CEO and will continue to serve as Executive Chairman of the Board. Mr. Aggarwal is also being elected as a member of Everspin's board of directors, effective March 14, 2022. "I am excited by the appointment of Sanjeev to continue to drive our strategy to expand our product footprint, grow our IP revenue, and generate positive cash from operations. Sanjeev has been
Everspin Technologies, Inc. (NASDAQ:MRAM), the market leader in MRAM, today announced that Anuj Aggarwal has been appointed as Chief Financial Officer of Everspin, effective immediately. Mr. Aggarwal had been serving as Interim Chief Financial Officer of Everspin since April 30, 2021. "I'm excited to announce that Anuj Aggarwal will take on the permanent position of Chief Financial Officer of Everspin. Anuj and I are laser-focused on growth and profitability, along with increasing shareholder value," said Darin Billerbeck, Executive Chairman of the Board and Interim Chief Executive Officer of Everspin. "Everspin has made meaningful improvements over the last several quarters, including re
CHANDLER, Ariz.--(BUSINESS WIRE)--Everspin Technologies, Inc. (NASDAQ: MRAM), the market leader in MRAM, today announced that Daniel Berenbaum has notified the company of his decision to resign as Chief Financial Officer to pursue another opportunity overseas. Mr. Berenbaum’s last day with the company is expected to be on April 16, 2021. “We would like to thank Dan for his contributions to the company and wish him well in his future endeavors,” said Darin Billerbeck, Interim Chief Executive Officer of Everspin. In connection with Mr. Berenbaum’s resignation, the company has appointed Aparna Oka to serve as the company’s principal financial officer and principal accounting office