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The sale was executed on March 18, 2025, and was part of a transaction to cover taxes due upon the vesting of Restricted Stock Units. According to InvestingPro, MRAM holds more cash than debt on its balance sheet, with net income expected to grow this year. Subscribers can access 6 additional ProTips and a comprehensive Pro Research Report for deeper insights into MRAM’s valuation and growth prospects. According to InvestingPro, MRAM holds more cash than debt on its balance sheet, with net income expected to grow this year. Subscribers can access 6 additional ProTips and a comprehensive Pro Research Report for deeper insights into MRAM’s valuation and growth prospects.
The sale was executed on March 18, 2025, and was part of a transaction to cover taxes due upon the vesting of Restricted Stock Units.
In other recent news, Everspin Technologies (NASDAQ:MRAM) reported impressive financial results for the fourth quarter of 2024, with earnings per share reaching $0.05, surpassing the anticipated loss of $0.03. The company’s revenue stood at $13.2 million, exceeding the forecast of $12.7 million. This performance reflects Everspin’s robust product sales and strategic partnerships, notably in the industrial and automotive sectors. Additionally, Everspin has partnered with Purdue University on a $10.5 million AI research initiative, focusing on developing energy-efficient AI hardware using its MRAM technology. The initial phase of this collaboration is valued at approximately $4 million for Everspin. These developments underscore Everspin’s ongoing efforts to expand its MRAM product line and partnerships, as well as its commitment to advancing MRAM technology for AI acceleration. Furthermore, the company continues to make strides in the defense sector with its radiation-hardened projects, which are progressing without any reported issues. As part of its strategic initiatives, Everspin is also working with QuickLogic (NASDAQ:QUIK) to develop a strategic radiation-hardened FPGA.
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