Everspin Technologies Q3 net income $7.2 million
MRAM•Everspin Technologies reported Q3 net income of -$7.2 million, gross margin of 51.4% and revenue of $20.6 million, versus an estimate of $20.1 million. It forecast Q4 revenue of $21.5 million to $22.5 million, above the $20.9 million estimate.
1. Q3 results and outlook
Everspin Technologies reported Q3 revenue of $20.6 million, compared with an estimate of $20.1 million, gross margin of 51.4% and operating expenses of $18.5 million. The company reported net income of -$7.2 million and forecast Q4 revenue of $21.5 million to $22.5 million, versus an estimate of $20.9 million.
