Everspin Reports First Quarter 2018 Financial Results
2018-05-14 09:48:45
Chandler, AZ, May 9, 2018 —
Everspin Technologies, Inc. (NASDAQ: MRAM), the world's leading developer and manufacturer of discrete and embedded MRAM, today announced financial results for the first quarter ended March 31, 2018.
First Quarter Highlights
- Record total revenue of $14.9 million, including $5.5 million of licensing, royalty, and other revenue
- Gross margin for the quarter was a record 67%, primarily driven by licensing revenue
- Everspin’s partner, SMART Modular Technologies, completed product qualification and began shipping its nvNITRO accelerator card featuring MRAM technology
- Ended the quarter with cash balance of $33.9 million, compared to $13.0 million last quarter, reflecting the successful secondary offering in February
Keywords: everspin
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Shenzhen Ramsun Microelectronics Co.,Ltd（Ramsun International） is a vendor of the seimicondutor componets and the memory IC’s solution with clear market advantage. We still focus on the promotion for some famous semicondutor brand ,and specially take the RAM(Random Access Memory) as our core products.
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