Everspin Technologies, Inc. (NASDAQ:MRAM) is reporting third quarter earnings results on Thursday 5th November 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.03 per share from $ 10.50 million in revenue.
For the full year, analysts predict revenues of $ 43.25 million, while looking forward to loss of $ 0.13 per share.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 10.00 million ~ $ 10.80 million
Click Here For More Historical Outlooks Of Everspin Technologies, Inc.
Previous Quarter Performance
Everspin Technologies, Inc. announced loss for the second quarter of $ 0.02 per share, from the revenue of $ 11.83 million. The quarterly revenues grew 36.76 percent compared with the same quarter last year. Street analysts expected Everspin Technologies, Inc. to report loss of $ 0.03 per share on revenue of $ 12.00 million for the second quarter. The bottom line results beat street analysts by $ 0.01 or 33.33 percent, at the same time, top line results fell short of analysts by $ 0.17 million or 1.42 percent.
Stock Performance
Shares of Everspin Technologies, Inc. traded up $ 0.35 or 4.67 percent on Wednesday, reaching $ 7.84 with volume of 134.70 thousand shares. Everspin Technologies, Inc. has traded high as $ 7.86 and has cracked $ 7.40 on the downward trend
The closing price of $ 7.84, representing a 328.00 % increase from the 52 week low of $ 1.75 and a 16.87 % decrease over the 52 week high of $ 9.01.
The company has a market capital of $ 148.56 million and is part of the Technology sector and Semiconductor Memory industry.
Conference Call
Everspin Technologies, Inc. will be hosting a conference call at 5:00 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.everspin.com
Everspin Technologies, Inc. manufactures and sells magnetoresistive random access memory (MRAM) products to customers in the United States, Japan, China, Germany, Singapore, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and embedded MRAM products, as well as magnetic sensors and aerospace and satellite electronic systems.
