H L Data Storage Store Banner 970x90
Breaking News

Samsung Announces Galaxy Watch5 and Galaxy Watch5 Pro Samsung announces Galaxy Z Flip4, Galaxy Z Fold4 and Buds2 Pro Snapdragon 8+ Gen 1 Powers Samsung Galaxy Z Series Devices Globally G.SKILL Announces MD2 Mid-Tower PC Case Shuttle announces Xeon-compatible Mini-PC Barebone with 4x LAN and ECC RAM support

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Everspin Achieves Record STT-MRAM Revenue

Everspin Achieves Record STT-MRAM Revenue

Enterprise & IT Nov 7,2019 0

Everspin Technologies, Inc., the company that develops MRAM, show its revenue to increase in the third quarter ended September 30, 2019 as a result of STT-MRAM sales.

For the third quarter, the company's total revenue was $9.2 million, up 6% sequentially and above the high-end of guidance. Everspin says it
achieved record STT-MRAM revenue, which included both 256Mb and 1Gb devices.

During the quarter, Everspin signed IP assignment and cross-licensing agreement with Seagate Technology.

The company also expanded its toggle product portfolio with additional densities targeting new market applications.

It also reduced cash used for operations to $770,000 from $1.8 million in the prior quarter.

“Revenue in the quarter was above the high-end of our guidance range, driven by record revenue from our STT-MRAM products combined with a return to growth for our Toggle products,” stated Kevin Conley, Everspin’s President and CEO. “Furthermore, our ongoing focus on closely managing expenses and cash utilization have contributed to continued improvements in our operating results and positions us to benefit from increased leverage as revenue grows.

“Also during the quarter, we made further progress on customer qualifications for our 1Gb STT-MRAM device, while continuing to gain traction on our efforts toward advancing the MRAM ecosystem with enterprise storage controller companies. Looking forward, our priority remains on growing our design win pipeline and targeting new opportunities in secular growth markets with an expanded product portfolio based on both Toggle and STT-MRAM technologies.”

Net loss for the third quarter of 2019 was $3.7 million, compared to a net loss of $5.6 million in the third quarter of 2018, and a net loss of $3.7 million in the second quarter of 2019.

For the fourth quarter of 2019, Everspin expects total revenue in the range of $9.3 million and $9.7 million.

Tags: Everspin
Previous Post
Kandao's QooCam 8K Pocket 8K 360 Camera Coming Next Month
Next Post
Activision Blizzard Results Boosted by Latest Call of Duty Titles

Related Posts

  • Everspin Technologies and GLOBALFOUNDRIES Extend MRAM Joint Development Agreement to 12nm

  • STT-MRAM Coming to Industrial and IoT Applications

  • Everspin Releases Design Guide for using 1 Gb STT-MRAM with Xilinx DDR4 FPGA Controller

  • Everspin Adds 2Mb, 8Mb and 32Mb Capacities to Its Toggle MRAM Product Portfolio

  • Everspin and Phison to Bring Spin Torque Transfer MRAM to Enterprise SSD Controllers

  • Everspin Ships First Pre-Production 28 nm 1 Gb STT-MRAM Customer Samples

  • Everspin To Talk About MRAM at Developer Day and Flash Memory Summit

  • Everspin Begins Volume Production of 40nm STT-MRAM

H L Data Storage Store Banner 300x600

 

Latest News

Samsung Announces Galaxy Watch5 and Galaxy Watch5 Pro
Consumer Electronics

Samsung Announces Galaxy Watch5 and Galaxy Watch5 Pro

Samsung announces Galaxy Z Flip4, Galaxy Z Fold4 and Buds2 Pro
Enterprise & IT

Samsung announces Galaxy Z Flip4, Galaxy Z Fold4 and Buds2 Pro

Snapdragon 8+ Gen 1 Powers Samsung Galaxy Z Series Devices Globally
Smartphones

Snapdragon 8+ Gen 1 Powers Samsung Galaxy Z Series Devices Globally

G.SKILL Announces MD2 Mid-Tower PC Case
Cooling Systems

G.SKILL Announces MD2 Mid-Tower PC Case

Shuttle announces Xeon-compatible Mini-PC Barebone with 4x LAN and ECC RAM support
Enterprise & IT

Shuttle announces Xeon-compatible Mini-PC Barebone with 4x LAN and ECC RAM support

Popular Reviews

CeBIT 2005

CeBIT 2005

CeBIT 2006

CeBIT 2006

Zidoo Z9S 4K Media Player review

Zidoo Z9S 4K Media Player review

LiteOn iHBS112 review

LiteOn iHBS112 review

Club3D HD3850

Club3D HD3850

External USB Slim Recorders Comparison

External USB Slim Recorders Comparison

Pioneer BDR-2207 (BDR-207M) BDXL burner review

Pioneer BDR-2207 (BDR-207M) BDXL burner review

Crucial P1 NVMe 1TB SSD review

Crucial P1 NVMe 1TB SSD review

  • Home
  • News
  • Reviews
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed