Total revenue for the fourth quarter of 2017 is estimated to be in the range of
GAAP gross margin for the fourth quarter of 2017 is estimated to range between 59% and 61%, compared to 58.3% in the previous quarter and 45.8% in the prior year quarter.
GAAP operating expenses for the fourth quarter of 2017 are estimated to be in the range of
GAAP net loss per share for the fourth quarter of 2017 is estimated to range between
Total cash, cash equivalents and marketable securities was approximately
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements regarding future events that involve risks and uncertainties that could cause actual results or events to differ materially from the expectations disclosed in the forward-looking statement, including, but not limited to, Everspin’s estimated 2017 financial guidance, the ability of the company to transition from a developer of innovative MRAM technology into one that can develop markets, scale operations, and relentlessly reduce costs to compete in what the company expects to be a much larger and competitive MRAM market; the continuation of strong demand for the company’s Toggle products; the successful integration of new management and the execution of the company’s strategy by its management team; and the ability to raise capital as needed to support customer and industry adoption of MRAM technology and successfully bring to market and manufacture products in Everspin’s design pipeline. Actual results could differ materially from these forward-looking statements as a result of certain factors, including, without limitation, risks related to changes in Everspin’s estimated 2017 financial guidance based on the completion of our financial statement closing procedures and the review by our independent registered public accounting firm of such financial statements, included in Everspin’s various filings with the
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