Brief: Everspin Q3 Loss Per Share $0.33

EverSpin Technologies

08/11/2018 21:53

Nov 8 (Reuters) - Everspin Technologies Inc  MRAM.O :
    * EVERSPIN REPORTS THIRD QUARTER 2018 FINANCIAL RESULTS
    * Q3 LOSS PER SHARE $0.33
    * SEES Q4 2018 REVENUE $11.8 MILLION TO $12.2 MILLION
    * Q3 REVENUE $11.5 MILLION VERSUS I/B/E/S VIEW $10.8 MILLION
    * SEES Q4 2018 LOSS PER SHARE $0.18 TO $0.22
    * Q3 EARNINGS PER SHARE VIEW $-0.35 -- THOMSON REUTERS
I/B/E/S
    * WILL BE RESTATING ITS Q2 2018 FINANCIAL RESULTS
    * RESTATING Q2 RESULTS DUE TO A DISCREPANCY RELATED TO
TIMING OF
RECOGNIZING SCRAPPED INVENTORY IN AMOUNT OF $770,000
    * ANTICIPATES FILING ITS Q3 10-Q AND AN AMENDED Q2 FORM
10-Q/A ON
OR BEFORE NOVEMBER 16

Source text for Eikon:  ID:nBw8PJ3Ba 
Further company coverage:  MRAM.O 

 ((Reuters.Briefs@thomsonreuters.com;))