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 |
|---|---|---|---|
| 5/1/2025 | Buy | Needham | |
| 3/3/2022 | $12.00 → $13.00 | Strong Buy | Needham |
| 11/12/2021 | $10.00 → $12.00 | Strong Buy | Needham |
Needham resumed coverage of Everspin Technologies with a rating of Buy
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
Everspin Technologies, Inc. (NASDAQ:MRAM), the world's leading developer and manufacturer of magnetoresistive random access memory (MRAM) persistent memory solutions, announced preliminary unaudited financial results for the first quarter ended March 31, 2025. "Our recent design wins showcase the strength of our solutions for mission critical applications, as evidenced by our recent contract with Astro Digital, Digital, a supplier of complete satellite systems for deep space missions," said Sanjeev Aggarwal, President and Chief Executive Officer. "To further address these markets, we announced two new products as part of our Orion xSPI family featuring automotive temperature range to addre
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 2025 financial results after market close on Wednesday, April 30, 2025. Sanjeev Aggarwal, President and Chief Executive Officer, and Bill Cooper, Chief Financial Officer, will host a conference call on Wednesday, April 30 at 5:00 p.m. Eastern Time to discuss the Company's financial results. What: Everspin Technologies, Inc. First Quarter 2025 Financial Results Conference Call When: Wednesday, April 30, 2025 Time: 5 p.m. ET Webcast: https://investor.everspin.com/ (live and repl
New PERSYST EM064LX and EM128LX HR STT-MRAM Expanding Use in Aerospace, Automotive, and Industrial Applications Unveiled at Embedded World 2025 Everspin Technologies, Inc. (NASDAQ:MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, today announced its latest high-reliability MRAM expansion. The newest additions to the PERSYST EMxxLX family, the EM064LX HR and EM128LX HR, will operate at temperatures from -40°C to +125°C, meeting the AEC-Q100 Grade 1 standard for automotive applications. This expanded temperature range addresses the growing demand for persistent, high-speed memory in aerospace, defense, and extre
Everspin's AgILYST MRAM IP and manufacturing to support Purdue University's Applied Research Institute ME Commons grant initiative Everspin Technologies, Inc. (NASDAQ:MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, announced a strategic award to work with a consortium led by Purdue University to utilize Everspin MRAM as the underpinning in a program called CHEETA (CMOS+MRAM Hardware for Energy Efficient AI). The contract allows for phases totaling up to $10.5 million for Everspin Technologies over four years. The current phase with Everspin Technologies is valued at approximately $4 million. "MRAM has evolv
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 fourth quarter and full year ended December 31, 2024. "We are pleased to report fourth quarter results with revenue above our expectations and earnings per share at the high end of our guidance range," said Sanjeev Aggarwal, President and Chief Executive Officer. "We had a total of 178 design wins in 2024 and we are excited about the opportunities ahead of us to expand our reach in the NOR flash, SRAM and storage markets." Fourth Quarter 2024 Results Total
Everspin's PERSYST MRAM Validated for Configuration Across All Lattice Semiconductor FPGA Families Everspin Technologies, Inc. (NASDAQ:MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, today announced that its PERSYST MRAM is now validated for configuration across all Lattice Semiconductor Field Programmable Gate Arrays (FPGA). Enabled through the Lattice Radiant™ software suite, this validation highlights MRAM's role as a robust and reliable configuration memory device for a wide range of applications in industries such as industrial, aerospace, military, and automotive. The shift from traditional flash memo
Everspin Technologies, Inc. (NASDAQ:MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, will release its fourth quarter and full year 2024 financial results after market close on Wednesday, February 26, 2025. Sanjeev Aggarwal, President and Chief Executive Officer and Bill Cooper, Chief Financial Officer, will host a conference call on Wednesday, February 26 at 5:00 p.m. Eastern Time to discuss the Company's financial results. What: Everspin Technologies, Inc. Fourth Quarter and Full Year 2024 Financial Results Conference Call When: Wednesday, February 26, 2025 Time: 5
Finance leader with 20 years of semiconductor experience joins team to help drive the MRAM revolution Everspin Technologies, Inc. (NASDAQ:MRAM), the world's leading developer and manufacturer of magnetoresistive random access memory (MRAM), announced that William "Bill" Cooper has joined the company and was appointed Chief Financial Officer, effective January 6, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250108493474/en/William Cooper, Everspin CFO (Photo: Business Wire) Cooper joins Everspin from Advanced Micro Devices, Inc. ("AMD"), where he has held various executive finance positions since 2017. He was most recen
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.
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Finance leader with 20 years of semiconductor experience joins team to help drive the MRAM revolution Everspin Technologies, Inc. (NASDAQ:MRAM), the world's leading developer and manufacturer of magnetoresistive random access memory (MRAM), announced that William "Bill" Cooper has joined the company and was appointed Chief Financial Officer, effective January 6, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250108493474/en/William Cooper, Everspin CFO (Photo: Business Wire) Cooper joins Everspin from Advanced Micro Devices, Inc. ("AMD"), where he has held various executive finance positions since 2017. He was most recen
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
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Everspin Technologies, Inc. (NASDAQ:MRAM), the world's leading developer and manufacturer of magnetoresistive random access memory (MRAM) persistent memory solutions, announced preliminary unaudited financial results for the first quarter ended March 31, 2025. "Our recent design wins showcase the strength of our solutions for mission critical applications, as evidenced by our recent contract with Astro Digital, Digital, a supplier of complete satellite systems for deep space missions," said Sanjeev Aggarwal, President and Chief Executive Officer. "To further address these markets, we announced two new products as part of our Orion xSPI family featuring automotive temperature range to addre
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 2025 financial results after market close on Wednesday, April 30, 2025. Sanjeev Aggarwal, President and Chief Executive Officer, and Bill Cooper, Chief Financial Officer, will host a conference call on Wednesday, April 30 at 5:00 p.m. Eastern Time to discuss the Company's financial results. What: Everspin Technologies, Inc. First Quarter 2025 Financial Results Conference Call When: Wednesday, April 30, 2025 Time: 5 p.m. ET Webcast: https://investor.everspin.com/ (live and repl
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 fourth quarter and full year ended December 31, 2024. "We are pleased to report fourth quarter results with revenue above our expectations and earnings per share at the high end of our guidance range," said Sanjeev Aggarwal, President and Chief Executive Officer. "We had a total of 178 design wins in 2024 and we are excited about the opportunities ahead of us to expand our reach in the NOR flash, SRAM and storage markets." Fourth Quarter 2024 Results Total
Everspin Technologies, Inc. (NASDAQ:MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, will release its fourth quarter and full year 2024 financial results after market close on Wednesday, February 26, 2025. Sanjeev Aggarwal, President and Chief Executive Officer and Bill Cooper, Chief Financial Officer, will host a conference call on Wednesday, February 26 at 5:00 p.m. Eastern Time to discuss the Company's financial results. What: Everspin Technologies, Inc. Fourth Quarter and Full Year 2024 Financial Results Conference Call When: Wednesday, February 26, 2025 Time: 5
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/ (