Everspin Technologies (MRAM) PT Lowered to $14 at Needham & Company
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Everspin Reports Fourth Quarter and Fiscal Year 2017 Financial Results
March 15, 2018 4:05 PM EDTCHANDLER, Ariz., March 15, 2018 (GLOBE NEWSWIRE) -- Everspin Technologies, Inc. (NASDAQ: MRAM), the world's leading developer and manufacturer of discrete and embedded MRAM, today announced financial results for the fourth quarter and fiscal year ended December 31, 2017.
Fourth Quarter, Full Year and Recent Highlights
Achieved record revenue for the quarter and year4Q revenue grew 43.3% year-over-year and 2017 revenue grew 32.6% over 2016Gross margin for the year increased 550 basis points over 2016Shipped and recorded first revenue for 40nm 256Mb STT-MRAM productsIn February,... More