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.
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 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 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. 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).
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 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 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.
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 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 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.