EX-99.1 2 mram-20250226xex99d1.htm EX-99.1 Exhibit 99.1 Everspin Reports Unaudited Fourth Quarter and Full Year 2024 Financial Results Chandler, AZ, February 26, 2025 - Everspin Technologies, Inc. (NASDAQ: MRAM), the world’s leading developer and manufacturer of magnetoresistive random access memory (MRAM) persistent memory solutions, today announced preliminary unaudited financial results for the fourth quarter and full year ended December 31, 2024. “We are pleased to report fourth quarter results with revenue above our expectations and earnings per share at the high end of our guidance range,” said Sanjeev Aggarwal, President and Chief Executive Officer. “We had a total of 178 design wins in 2024 and we are excited about the opportunities ahead of us to expand our reach in the NOR flash, SRAM and storage markets.” Fourth Quarter 2024 Results Total revenue of $13.2 million, compared to $16.7 million in the fourth quarter of 2023. MRAM product sales, which includes both Toggle and STT-MRAM revenue, of $11.0 million, compared to $12.4 million in the fourth quarter of 2023. Licensing, royalty, patent, and other revenue of $2.2 million, compared to $4.3 million in the…
Open exhibit ↗Current Report · Items 2.02, 9.01 · 8-K
Everspin Technologies, Inc.
MRAMNASDAQEQUITYCurrent
Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. On February 26, 2025, Everspin Technologies, Inc. issued a press release announcing its financial results for the quarter and year ended December 31, 2024, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.…
Company context
Everspin Technologies, Inc. is the world’s leading provider of magnetoresistive RAM (MRAM). Everspin MRAM delivers the industry’s most robust, highest-performance non-volatile memory for industrial IoT, data centers and other mission-critical applications where data persistence is paramount. Headquartered in Chandler, Arizona, Everspin provides commercially available MRAM solutions to a large and diverse customer base. For more information, visit www.everspin.com. NASDAQ: MRAM.