Brief: Everspin Reports First Quarter 2022 Financial Results

EverSpin Technologies

11/05/2022 21:46

May 11 (Reuters) - Everspin Technologies Inc  MRAM.O :
    * EVERSPIN REPORTS UNAUDITED FIRST QUARTER 2022 FINANCIAL
RESULTS
    * Q1 EARNINGS PER SHARE $0.10
    * Q1 REVENUE ROSE 39 PERCENT TO $14.3 MILLION
    * SEES Q2 REVENUE $13.6 MILLION TO $14.6 MILLION
    * EXPECTS GAAP NET LOSS PER BASIC SHARE TO BE BETWEEN $0.06
AND
BREAKEVEN FOR Q2
    * EXPECTS INDUSTRY SUPPLY CONSTRAINTS TO LIMIT SUPPLY AND
PUSH
SOME UNFULFILLED CUSTOMER DEMAND TO SECOND HALF OF YEAR

Source text for Eikon:  ID:nBw7BXzgGa 
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