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NEWS

Everspin Reports Unaudited Fourth Quarter and Full Year 2021 Financial Results

(Money.Yahoo, March 2nd) The Company reported record net income of $3.7 million for Q4’21, resulting in net income for 2021 of $4.3 million. This is compared to a net loss reported of $1.6 million for Q4’20, with a prior year net loss of $8.5 million.Q4’s record revenue and profitability was a result of our team’s relentless focus on monetizing our IP and growing our products. I am very proud of our team execution in tough market conditions through 2021," stated Darin Billerbeck, Everspin’s Executive Chairman and Interim CEO

(Linkedin March 2nd) After announcing record revenue and income for 2021 and Q4'21 today, Everspin also announced the promotion of Sanjeev Aggarwal from CTO to President and CEO.