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Everspin Announces Second Quarter 2017 Financial Results

EVERSPIN TECHNOLOGIES (MRAM)  More Company Research Source: GlobeNewswire
Last everspin technologies earnings: 8/8 04:05 pm Check Earnings Report
PDF CHANDLER, Ariz., Aug. 10, 2017 (GLOBE NEWSWIRE) -- Everspin Technologies, Inc. (Nasdaq:MRAM), the world's leading developer and manufacturer of discrete and embedded Magnetoresistive Random Access Memory (MRAM), today announced the company’s second quarter 2017 financial results for the quarter ended June 30, 2017. Revenue for the second quarter of 2017 was $8.9 million, compared to $6.7 million for the second quarter of 2016. Everspin's GAAP net loss for the second quarter of 2017 was $5.2 million, or ($0.42) per share based on 12.4 million weighted-average shares outstanding, compared to a GAAP net loss of $5.4 million, or ($2.12) per share for the second quarter of 2016 based on 2.6 million weighted-average shares outstanding. “I am encouraged by the customer reception we are experiencing with our MRAM technology. Our second quarter 2017 revenues were a record for the company due to the continued, robust growth of our Toggle MRAM technology. In parallel, we continue to focus on [Read more]

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