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Everspin Stock Jumps After $40 Million Defense MRAM Deal: What Changed
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Everspin Stock Jumps After $40 Million Defense MRAM Deal: What Changed
Everspin Technologies shares jumped 25% to $26.99 after announcing a $40 million U.S. defense subcontract with Amentum Services tied to domestic MRAM chip production. The Chandler, Arizona company reported first-quarter revenue of $14.9 million and a narrowed net loss of $0.3 million. The subcontract runs through late 2028 with milestone payments. Everspin’s market value reached about $624 million. The post Everspin Stock Jumps After $40 Million…
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