Everspin Technologies announced that the company will undergo a restructuring plan designed to reduce annual operating expenditures and achieve quarterly cash flow breakeven this year. At the end of January the company will reduce its headcount - an approximately 15% reduction of the workforce.
Everspin also announced that it reaffirms its Q4 2019 revenue guidance of $9.3 million to $9.7 million.
Posted: Jan 16,2020 by Ron Mertens