Everspin Technologies reported Q4 2020 revenue of $10.0 million, a GAAP gross margin of 52.3%, and a GAAP net loss of $1.6 million, or ($0.08) per share. The company is driving critical R&D programs and key business initiatives, and believes that they are positioned for profitable growth.
Total revenue for the fourth quarter of 2020 was $10.0 million, compared to $9.7 million in the fourth quarter of 2019.
GAAP gross margin for the fourth quarter of 2020 was 52.3%, compared to 53.6% in the fourth quarter of 2019.
GAAP net loss for the fourth quarter of 2020 was $1.6 million, or ($0.08) per share.
Cash and cash equivalents as of December 31, 2020 increased to $14.6 million.
For the first quarter of 2021, Everspin expects total revenue in a range between $10.0 million and $10.8 million. GAAP net loss per share is expected to range between ($0.12) and ($0.06) per share, which reflects expected stock-based compensation expense of approximately $1.0 million.
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