Everspin Technologies, Inc. (NASDAQ: MRAM), the market leader in MRAM, today announced preliminary unaudited financial results for the fourth fiscal quarter and full year ended December 31, 2020.
Highlights Include:
2020 revenue increased 12.1% year-over-year to $42.0 million
Q4’20 GAAP net loss per share of ($0.08) was a significant improvement over both the prior quarter and year-ago periods
Generated $0.6 million cash flow from operations in Q4’20, the second consecutive quarter with positive cash flow from operations
Ended 2020 with cash and equivalents of $14.6 million
First royalty revenue from GLOBALFOUNDRIES for embedded MRAM on their 22FDX process in Q4
