Everspin reports its financial results for Q1 2018

Everspin announced its financial results for Q1 2018 - revenues reached a record $14.9 million as product revenues grew more than 40% compared to Q1 2017 and as Everspin received an upfront 3D sensor license fee with Alps Electric. Net loss in Q1 was $1.3 million, down from $6.1 million in Q1 2017.

At the end of the quarter, the Everspin had $33.9 million in cash and equivalents (up from $13 million in Q4 2017). In February 2018 Everspin raised $24.5 million in a secondary offering. Everspin expects revenues in Q2 2018 to be in the range of $10.9 million to $11.3 million.

SMART starts shipping its STT-MRAM based nvNITRO accelerator cards

SMART Modular Technologies announces that it has began shipping its new 1Gb nvNITRO Accelerator Card that features MRAM technology. These new nvNITRO cards use Everspin's STT-MRAM chips. SMART says that nvNITRO is ideally suited for the most demanding transaction logging applications and is designed with plug-and-play capability requiring no changes to system hardware, memory reference, bios or file systems.

SMART nvNITRO acceleration card photo

SMART further says that the new cards enable a system application to write or log large amounts of data at the full performance of incoming data and provides extremely low and highly consistent read latencies of under 10µs. Because of the non-volatility of the MRAM chips, these cards do not need any power source such as super capacitors or batteries.

Everspin reports its financial results for Q4 2017

Everspin announced its financial results for Q4 2017 - revenues reached a record $10.1 million (up 43.3% from the $7.1 million in Q4 2016). Net loss in Q4 2017 was $4.4 million (down from $5.3 million in Q4 2016).

For the full year 2017, revenues increased 32.6% and reached a record $35.9 million (up from $27.1 million in 2016) - while the net loss in 2017 was $21.1 million.

Everspin announces preliminary Q4 2017 financial results, is set to raise $25 million in a public offering

Everspin announced its preliminary unaudited financial results for Q4 2017. Total revenues is estimated at $10 million to $10.2 million, up from $9 million in Q3 2017 and $7.1 million in Q4 2016. The net loss is estimated at $4.3 million to $4.5 million (down from $5.4 million in the past quarter and $6.1 million in Q4 2016).

Total cash and equivalents as of the end of 2017 was $13 million. Everspin also announced it is set to raise about $25 million in a new underwritten public offering.

Everspin starts to produce commercial 40nm 256Mb STT-MRAM chips

Everspin announced that the company recorded revenue for its first 40nm 256Mb STT-MRAM (pMTJ) products in Q4 2017, and is now ramping up volume production. The 256Mb STT-MRAM employs an innovative ST-DDR3 interface, unlocking performance previously unattainable in legacy MRAM components.

These new 40nm 256Mb chips are produced by Global Foundries, Everspin's production partner, which says it is on track to its risk production release of 22FDX eMRAM in 2018.

Everspin shows how its new nvNITRO accelerators provide superior latency determinism

In March 2017 Everspin announced its nvNITRO line of storage accelerators, with 1GB and 2GB capacities, based on the company's 256Mb DDR3 ST-MRAM chips. Everspin is accepting orders for these accelerators which should start shipping by the end of the year.

In the video above you can see a recent demonstration by Everspin of how these nvNITRO accelerators provide superior latency determinism enabling a Low Latency Write Buffer for applications such as Apache Log4J.

Everspin reports its financial results for Q3 2017, focuses on 256Mb STT-MRAM

Everspin reports its financial results for Q3 2017. Revenues reached a record $9 million (up from $7.2 million in Q3 2016 and up only slightly from last quarter), while the net loss grew to $5.4 million (up from $1.4 million in Q3 2016).

Everspin  Q3 2017 earnings slide

At the end of the quarter, Everspin had $17.8 million in cash and equivalents (down from $21.2 million at the end of Q2 2017). Everspin expects revenue in Q4 2017 to be in the range of $9.9 million to $10.3 million.

GlobalFoundries: 22nm eMRAM technology is now available, prototyping to start in Q1 2018

In September 2016 Everspin announced that its perpendicular (pMTJ) STT-MRAM memory is going to be deployed by Global Foundries as an embedded 22nm memory (as part of the 22FDX platform). Today GlobalFoundries (GF) announced that eMRAM technology is now available for the 22FDX platform.

GF says that its eMRAM technology is the industry's most advanced embedded memory solution, and it provides high performance and superior reliability for broad applications in consumer and industrial controllers, data centers, Internet of Things, and automotive.

Seagate demonstrate an MRAM-powered high performance SSD boot drive

Seagate demonstrate several new prototypes and technologies at Flash Memory Summit last week, and one of these is the new Nytron 5000B SSD drive that is a high-performance boot drive. The new device has 256GB of 3D MLC NAND and makes use of 1258MB of Everspin's STT-MRAM in addition to a "normal" DRAM cache.

Seagate SSD with MRAM cache prototype (August-2017)

Seagate says that the MRAM can be used as either a write cache for user data or it can be exposed directly as a separate storage namespace for explicit tiered storage. Seagate said that this is currently just a test-platform prototype - and not a preview of an upcoming product.

Everspin announces its financial results for Q2 2017

Everspin announced its financial results for Q2 2017. Revenues for the quarter reached $8.9 million (up from $6.7 million in Q2 2016) and the net loss reached $5.2 million (down slightly from $5.4 million in Q2 2016).

This was a record quarter for Everspin in terms of revenues, which shows the continued growth of its first-gen toggle MRAM. Everspin is now focused on bringing its STT-MRAM to market, and the company announced that its 256Mb STT-MRAM chips entered production to be used in SMART Modular's NVM Express PCIe Card.