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Everspin reports its financial results for Q4 2016

Mar 10, 2017

Everspin announced its financial results for Q4 2016. Revenues for the quarter reached $7.1 million (up from $6.8 million in Q4 2015) and the net loss reached $5.3 million (down from $6.3 million in Q4 2015).

For the whole of 2016, revenues were $27.1 million - up slightly from 2015 ($26.5 million). The net loss in 2016 was $16.7 million. Everspin says that most of the revenue in Q4 came from first-generation Toggle MRAM products. The company reports that design activity for both Toggle and STT-MRAM products continues to gain traction.

Everspin announces new MRAM customers and products

Mar 10, 2017

Everspin announced several new applications and customers for its MRAM solutions. First up is the new nvNITRO storage accelerator product family. These new cards (aimed for demanding applications such as financial transactions) are available in either 1Gb or 2Gb, and are based on Everspin's 256Mb DDR STT-MRAM chips. Later this year Everspin will release new models based on its 1Gb DDR4 chips which will enable capacities up to 16Gb.

Everspin nvNITRO NVMe PCIe STT-MRAM card photo

Everspin says that the nvNITRO operate at a very fast 1,500,000 IOPS with 6-ms end-to-end latency. Everspin is testing the first cards at customers now, and initial production will begin in Q2 2017.

Everspin reports its financial results for Q3 2016

Nov 16, 2016

Everspin announced its financial results for Q3 2016. Revenues reached $7.1 million (slightly up from $7 million in Q3 2016) and net loss was $1.4 million (down from $4.5 million in Q3 2015).

Everspin reports that its first generation toggle-MRAM product revenues grew 9% in the first three quarters of 2016 compared to 2015.

Everspin's IPO to take place on October 7th

Sep 29, 2016

Earlier this month we reported that Everspin filed for an IPO, and today we learned that the IPO's date is set to October 7. Everspin expects to raise about $45 million and start trading in the NASDAQ with the ticker "MRAM".

Everspin generated $26.5 million in revenues in 2015, up from $24.9 in 2014. Net loss was $18.2 million in 2015, up from $10.2 million million in 2014. Everspin sold products to over 600 end-customers in 2015, with the two largest customers were NXP and Avago Technologies (Broadcom) - each accounting for 13% of Everspin's revenues. NXP is a customer for Everspin's embedded and sensor solutions.

Global Foundries to offer Everspin's PMTJ STT-MRAM as an embedded memory solution

Sep 16, 2016

Everspin announced that its perpendicular (pMTJ) STT-MRAM memory is going to be deployed by Global Foundries as an embedded 22nm memory. Everspin licensed its technology global foundries which will offer this as part of its 22FDX platform.

Global Foundries 22nm eMRAM slide

The 22FDX platform targets emerging applications such as battery powered consumer devices, IoT, Advanced Driver Assistance Systems (ADAS) and Vision Processing. Customers of Global Foundries will now be able to embed MRAM memory in next-generation SoC and MCU based producers.

Everspin files for an IPO, aims to raise $45 million

Sep 12, 2016

Everspin has filed for IPO, aiming to raise up to $45 million and start trading in the NASDAQ with the appropriate ticker "MRAM". If Everspin succeeds in its IPO, this should prove to be very positive for the MRAM industry and will enable to raise MRAM's technology awareness.

Everspin EMD3D256 256Mb ST-MRAM photo

In its S-1 Form filing in preparation for the IPO, Everspin says that it generated $26.5 million in revenues in 2015, up from $24.9 in 2014. Net loss was $18.2 million in 2015, up from $10.2 million million in 2014. In the first six months of 2016 Everspin reports $12.9 in revenues and a net loss of $10 million. Everspin further announced that it has 86 employees - half of which are engaged in R&D.

Everspin to demonstrate the world's fastest SSD based on its ST-MRAM

Sep 11, 2016

Everspin announces that it is going to demonstrate the world's fastest solid-state drive (SSD) using its latest perpendicular ST-MRAM technology. The drive achieves continuous write operations of 1.5 Million IOPS, using Everspin's Everspin’s 256Mb DDR3 chips (manufactured by global foundries).

Everspin started sampling its new pMTJ ST-MRAM chips last month. The p-MTJ ST-MRAM offers improved performance, higher endurance, lower power, and better scalability compared to previous MRAM and ST-MRAM products. Everspin is developing on a scaled-down 1Gb version.

Cobham's MRAM chips to reach Mars soon

Aug 18, 2016

High-reliability aerospace component maker Cobham (formerly Aeroflex) says that its MRAM chips were used in the payload of the ExoMars program that will soon reach Mars (in October 2016).

ExoMars Trace Gas Orbiter 2016

ExoMars is a joint-endeavor between the European Space Agency (ESA) and the Russian Federal Space Agency (Roscosmos). ExoMars 2016 is the first mission, that will consist of a Trace Gas Orbiter (TGO) and an entry, descent and landing demonstrator module (EDM) known as Schiaparelli. The main objectives of this mission are to search for evidence of methane and other trace atmospheric gases that could be signatures of active biological or geological processes on Mars.

Aupera Technologies launches the world's first storage module based on Everspin's pMTJ STT-MRAM

Aug 10, 2016

Aupera Technologies launched the world's first M.2 storage module based on Everspin's recently announced 256Mb pMTJ ST-MRAM. The Aup-AXL-M128, will be used in Aupera's All Flash Array system as a hardware acceleration engine for specific applications that require low latency and high performance.

Aupera Aup-AXL-M128 photo

Aupera says the company is excited at the future potential of this ST-MRAM based module. The ST-MRAM delivers four orders of magnitude BER reduction and more than 30% less power while quadrupling the capacity to 128MB as compared to the previous generation M.2 MRAM module.