Everspin reports its Q4 2019 financial results

Everspin Technologies announced its Q4 2019 financial results, with revenues of $9.8 million (up 5% from Q3 2019) and a net loss of $3.1 million, down from a net loss of $3.7 million in Q3 2019.

Everspin Technologies chip photo

In 2019, Everspin reports revenues of $37.5 million and a net loss of $14.7 million, down from $17.8 million in 2018.

The company says that it continues to see significant quarter-over-quarter growth in its Toggle MRAM design wins, and it also secures more STT-MRAM customers.

Everspin is implementing a restructuring plan to reduces spending, and the company says it is on track to achieve break-even cashflow by the end of 2020.

Posted: Mar 13,2020 by Ron Mertens