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NEWS

Everspin reported its preliminary Q4 2020 and full-year 2020 financial results

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