Everspin reported its Q4 2018 financial results

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.

Read the full story Posted: Mar 15,2019

Everspin starts to ship customer samples of its 28nm 1Gb STT-MRAM chips

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.

Read the full story Posted: Jan 08,2019

SMART Modular Technology launces aMRAM-enhanced n nvNITRO U.2 Sotrage Accelerator

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 nvNITRO U.2 MRAM card photo

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.

Read the full story Posted: Nov 14,2018

Everspin reported its financial results for Q3 2018

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.

Read the full story Posted: Nov 09,2018

Everspin and SilTerra to build a Toggle MRAM production line in Malaysia

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.

Everspin MR4A16B

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.

Read the full story Posted: Nov 06,2018

Everspin reports its financial results for Q2 2018

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).

Everspin STT-MRAM banner image

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.

Read the full story Posted: Aug 09,2018

IBM introduces its latest 19.2TB enterprise SSD drivers with Everspin's STT-MRAM

A couple of days ago, Everdisplay disclosed its first major design win with a "top enterprise storage vendor" for its 40nm 256Mb STT-MRAM chips. We now know that this vendor is IBM - as it introduced its latest-generation enterprise SSD FlashSystem, which indeed includes Everspin's STT-MRAM.

IBM 2018 FlashSystem spec slide

Using MRAM instead of DRAM memory enabled IBM to remove the relatively large supercapacitors (used to make the DRAM non-volatile) and so the company was able to reduced the size of its drives and switch to a standard 2.5-inch U.2 drive form factor. The new FlashSystem SSDs support up to 19.2TB of 64L 3D TLC NAND. IBM's system uses a 20-channel NAND interface and a four-lane PCIe 4.0 host interface that can operate in dual-port 2+2 mode.

Read the full story Posted: Aug 09,2018

Everspin announces its first major design win with a top enterprise storage vendor for its 256Mb STT-MRAM chips

Everspin announced that it will demonstrate its latest MRAM technologies at the Flash Memory Summit 2018 which starts today.

In its PR, Everdisplay discloses its first major design win with a "top enterprise storage vendor" for its 40nm 256Mb STT-MRAM chips. Everspin says that MRAM enabled the vendor to achieves new levels of performance, storage capacity and reliability.

Read the full story Posted: Aug 07,2018

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.

Read the full story Posted: May 10,2018