Benzinga | Aug 6, 2020 05:08PM EDT

Everspin Technologies Q2 Adj. EPS $(0.02) Beats $(0.03) Estimate, Sales $11.80M Miss $12.00M Estimate

Everspin Technologies (NASDAQ:MRAM) reported quarterly losses of $(0.02) per share which beat the analyst consensus estimate of $(0.03) by 33.33 percent. This is a 90.48 percent increase over losses of $(0.21) per share from the same period last year. The company reported quarterly sales of $11.80 million which missed the analyst consensus estimate of $12.00 million by 1.67 percent. This is a 36.48 percent increase over sales of $8.65 million the same period last year.