Everspin Technologies announced its financial results for Q1 2022, with revenues of $14.3 million (up 39% from 2021) and a net income of $1.9 million (compared to a $0.5 million net loss in 2021).

Everspin says its product backlog for the rest of 2022 is at an all-time high, as demand continues to outpace supply. The company continues to work with its foundry partners to increase production capacity, but it expects the supply chain constraints to tighten in H2 2022.

Everspin Technologies announced its financial results for Q4 2021. Revenues in the quarter came in at $18.2 million (up from $14.8 million in Q3 2021,and $10 million in Q4 2020). During the quarter, the company recognized $3.95 million in the IP monetization deal it signed in Q3 2021. The company reports Q4 positive net income of $3.7 million. Cash and equivalents at the end of the quarter increased to $21.4 million (up from $14.6 million in the end of 2020).

Everspin has seen excellent Toggle MRAM shipments and revenue, but the company's STT-MRAM was flat as its largest customer was also impacted by supply constraints (not related to Everspin). The company expects STT-MRAM revenue to remain flat for the new couple of quarters. It expects Q1 2022 revenues to be in the range of $13.4 million to $14.2 million.

Everspin Technologies announced its financial results for Q3 2021. Revenues increased 46.5% from last year to reach $14.8 million, and the company reported a record net income of $880k.

Everspin announced that during the quarter, it entered into two IP monetization deals worth $5.25 million, out of which $1.3 million was recognized in Q3. The rest of the amount will be recognized in Q4.

Everspin Technologies announced its financial results for Q2 2021. Revenues were $11.85 million, up 15% over Q1 2021 (and similar to Q2 2020), as STT-MRAM revenues jumped 56%. Net profit was $0.25 million, up from a loss of $0.46 million in Q1 2021 (and $1.29 million in Q2 2020).

At the end of Q2 2021, Everspin had $14.2 million in cash and equivalents, down from $15.5 million from the end of Q1 2021. Cash flow from operations was negative at $0.56 million. Looking into the next quarter, Everspin expects revenues to be in the range of $11.7 million to $12.8 million.

Orthogonal Spin Transfer MRAM (OST-MRAM) technology developer Spin Memory is shutting down. The company's main investor and founding company, Allied Minds, said in a statement that the main reasons challenges in securing new customers and COVID-19 which "significantly delayed the required testing of its development chip with ARM".

This is a sad ending to Spin Memory, which began its way as Spin Transfer Technologies - a spin-off from NYU that was established together with Allied Minds.

Everspin Technologies announced its financial results for Q1 2021. Revenues in the quarter increased 1.7% from last year to $10.3 million. The net loss in the quarter was $0.5 million, and the company reported a positive cash flow (of $1.6 million) for the third consecutive quarter.

Everspin estimates that its Q2 2021 revenues will be in the range of $11 million to $12 million.

Everspin Technologies announced its preliminary Q4 2020 financial results. Total revenues were $10 million, down from $10.1 million in Q3 and up from $9.7 million in Q4 2019. Net loss int he quarter was $1.6 million, but the company generated $0.6 million in cash flow - Everspin's second consecutive positive cash flow from operations quarter.

Looking at FY2020, Everspin's revenues increased 12.1% to $42 million. At the end of the year, Everspin had $14.6 million in cash and equivalents. In Q4 2020, the company also received its first royalty revenue from GF for embedded 22FDX process MRAM.

On December 15, Everspin Technologies announced that its CEO and President Kevin Conley has resigned. Conley served as CEO in 2017. The company's Chairman Darin Billerbeck will become interim CEO.

Everspin also lowered its guidance for Q4 2020 slightly - from $10.1-$10.9 million to $10.1-$10.5 million. Investors were not pleased and yesterday the stock declined 16%.

Everspin Technologies announced its Q3 2020 financial results, with revenues of $10.1 million, up 10% from Q3 2019 ($9.2 million) but down $14% from Q2 2020 ($11.8 million). The company's net less was $3.9 million.

Looking at the balance sheet, Everspin reports a cash flow of $1 million in the quarter - this was the first quarter ever for Everspin to have a positive cash flow.

SOT-MRAM developer Antaios raised $11 million from VCs and Applied Ventures, to accelerate its next-generation memory development and develop new strategic partnerships.

SOT-MRAM devices feature switching of the free magnetic layer done by injecting an in-plane current in an adjacent SOT layer, unlike STT-MRAM where the current is injected perpendicularly into the magnetic tunnel junction and the read and write operation is performed through the same path.