EverSpin was spun-off from Freescale in 2008 to handle its MRAM business. Since 2008 Everspin shipped more than 60 million MRAM Chips (discrete and embedded) into data centers, cloud storage, energy, industrial, automotive, consumer, and transportation markets.
The latest EverSpin news:
Everspin Technologies says that revenues in the second quarter of 2019 (ending today) will be lower than first expected. In May Everspin said that they expect revenues to be in the range of $9.6 million to $10 million, but now it says revenues will be in the range of $8.3 million to $8.5 million.
Everspin gives three reasons to the lower guidance - lower demand from China due to ongoing slowdown, lower data center investments which lowered the demand for enterprise server RAID controllers and a "broad-based reduction in turns business with distributors that occurred late in the quarter".
Everspin Technologies announced that it completed the development activity and entered the pilot production phase of its 28 nm 1-Gigabit (Gb) STT-MRAM chips. Everspin targets the enterprise infrastructure and data center markets which can utilize its MRAM technology to increase reliability and performance.
Everspin 1-Gb chip family (EMD4E001G) includes both 8-bit and 16-bit DDR4 compatible (ST-DDR4) interface versions of the device and are available in a JEDEC-compliant BGA package.
Everspin announced its financial results for Q1 2019. Revenues in the quarter were to $10 million (down from $14.9 in Q1 2018). Net loss was $4.3 million (up from $1.3 million in Q1 2018).
At the end of the quarter, Everspin had $18.5 million in cash and equivalents. For the next quarter (Q2 2019), Everspin expects revenues to be in the range of $9.6 million to $10 million.
Everspin announced its financial results for Q4 2018. Revenues in the quarter grew 21% from last year to reach $12.3 million, while total year revenues in 2018 grew 38% from 2017 to reach $49.4 million. Net loss in the quarter was $3.5 million (down from $4.4 million in Q4 2017). Net loss for the whole 2018 was $17.8 million (down from $21.1 million in 2017).
Everspin says that it has increased the production volume of its 40nm 256Mb STT-MRAM in support of its lead flash array customer. Everspin ended 2018 with with cash and cash equivalents of $23.4 million.
Everspin Technologies announced that it started to ship pre-production customer samples of its 28 nm 1Gb STT-MRAM chips in December 2018. Everspin already announced that it started to sample these new 1Gb STT-MRAM chips in November 2018.
In November 2017 Everspin announced it will delay its 1Gb STT-MRAM chips as its focus has shifted to its 256 Mb STT-MRAM chips. It is great, tough, to see Everspin progressing with its larger MRAM chip and we hope that mass production will begin, as planned, in the middle of 2019.
SMART Modular Technologies has launched its new nvNITRO U.2 Storage Accelerator that features Everspin's STT-MRAM technology. The nvNITRO is ideally suited for synchronous logging applications such as those used for financial trading.
SMART's nvNITRO U.2 Storage Accelerator uses a standard NVMe interface that is 1.2.1 compliant and provides less than six microseconds of industry-leading low latency access with persistence so that all logging data is safe. The U.2 form factor brings with it the advantage of being hot-swappable.
Everspin announced its financial results for Q3 2018 - revenues increased 28% year-over-year to reach $11.5 million, and the company's net loss was $ 5.6 million.
Everspin says it is pleased with the progress it made in the quarter in both its Toggle MRAM and STT-MRAM product lines. The company remains on track with its planned 1Gb STT-MRAM chip sample in December 2018.
Everspin announced that it has entered into a multi-year partnership with Malaysia-based SilTerra and to establish a Toggle MRAM production center in Malaysia. Bosch Sensortec, a licensee of Everspin's TMR sensor IP is also a part of this agreement.
SilTerra and Everspin's new Malaysian production center will start initial production in 2020. Everspin says that it is seeing growing demand for its Toggle MRAM products in the industrial, computing, medical, and transportation markets. Everspin will continue to produce Toggle MRAM and TMR sensor products at its own manufacturing line in Chandler, AZ, USA.
Last week, during the MRAM Developer Day (part of the 2018 Flash Memory Summit), Everspin's Kevin Conley gave one of the keynote addresses.
Kevin talk is interesting to read - it discuses Everspin's history, the current state of the MRAM market, some MRAM applications and the future of MRAM technologies. To read the entire address, click here.
Everspin announced its financial results for Q2 2018 - with revenues of $10.8 million (up from $8.9 million in Q2 2017) and a net loss of $6.6 million (up from $5.2 million in Q2 2017).
At the end of the quarter Everspin had $32.7 million in cash and equivalents. Everspin expects revenues in the next quarter to be between $10.6 million and $11 million.