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.

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 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.

Spin Transfer Technologies raised $22.8 million via a convertible bridge facility

Spin Transfer Technologies announced that it has raised $22.8 million via a convertible bridge facility. STT says that this will help the company get ready to complete its Series B funding round, targeting strategic investors and planned to conclude by end of Q1 2018.

In January 2017 STT announced that it has started to deliver fully functional ST-MRAM samples to customers in North America and Asia. The sample devices are based on the company's Orthogonal Spin Transfer Magneto-Resistive Random Access Memory technology (OST-MRAM), and use 80nm perpendicular magnetic tunnel junctions (MTJs)., the latest generation of MRAM technology.

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.

Everspin reports its financial results for Q1 2017

MRAM chip maker Everspin reported its financial results for Q1 2017. Revenues reached $7.9 million (up from $6.2 million in Q1 2016) while the net loss was $6.1 million (up from a loss of $4.5 million in Q1 2016). Everspin says that is received strong bookings for its first-generation toggle MRAM products during the quarter, while design activity for both toggle and STT-MRAM chips continue to gain traction.

Everpin says it was selected by a major auto maker to include its Gen-1 MRAM chips in an emergency call system and a high-end navigation platform.

Everspin reports its financial results for Q4 2016

Everspin announced its financial results for Q4 2016. Revenues for the quarter reached $7.1 million (up from $6.8 million in Q4 2015) and the net loss reached $5.3 million (down from $6.3 million in Q4 2015).

For the whole of 2016, revenues were $27.1 million - up slightly from 2015 ($26.5 million). The net loss in 2016 was $16.7 million. Everspin says that most of the revenue in Q4 came from first-generation Toggle MRAM products. The company reports that design activity for both Toggle and STT-MRAM products continues to gain traction.

Everspin reports its financial results for Q3 2016

Everspin announced its financial results for Q3 2016. Revenues reached $7.1 million (slightly up from $7 million in Q3 2016) and net loss was $1.4 million (down from $4.5 million in Q3 2015).

Everspin reports that its first generation toggle-MRAM product revenues grew 9% in the first three quarters of 2016 compared to 2015.

Everspin is now a public company after raising $40 million

MRAM chip maker Everspin started trading at the NASDAQ yesterday (Oct 7) - under the ticker "MRAM". The company sold 8 million shares at $8 a share, raising $40 million (a bit lower than the expected $45 million) in the successful IPO.

Everspin 128Kb automotive MRAM photo

At the first trading day the stock price soared to $9.1 but quickly returned to the original IPO price of $8.