Everspin gave their first quarterly earnings announcement since they went public this year showing increased capacities, greater partnerships and product demonstrations. Qumulo announced their latest software update and that they have freed their software from dependence on their own hardware.
Everspin Technologies, who recently went public, had their first quarterly earnings announcement. The company reported results for its fiscal third quarter which ended September 30. Revenue for the third quarter of 2016 was $7.1 million, compared to $7.0 million for the third quarter of 2015. Everspin’s net loss for the third quarter of 2016 was $1.4 million, or $0.54 per share, compared to a net loss of $4.5 million, or $1.77 per share for the third quarter of 2015.
The company stated that it had the following highlights for its business so far in 2016:
• Completion of the company’s IPO and private placement transaction that raised $41.9 million, net of fees.
• Demonstration of the world’s fastest SSD, with continuous write operations of 1.5 million IOPS, using Everspin’s perpendicular ST-MRAM technology.
• The launch of the world’s first M.2 storage module from Aupera Technologies, based on Everspin’s 256Mb perpendicular magnetic tunnel junction (pMTJ) discrete ST-MRAM.
• The announcement that Everspin’s ST-MRAM Technology to be deployed in GLOBALFOUNDRIES 22FDX® eMRAM Platforms.
• Preview of future pMTJ based ST-MRAM products displayed at electronica, the world’s leading trade fair for electronic components, systems and applications.
• Initial wafer of industry’s first 28nm 1Gb wafers processed by GLOBALFOUNDRIES.
• Initial samples of 1GByte ST-MRAM Unregistered Dual In-Line Memory Module (UDIMM) Double data rate type three (DDR3) compatible module, with quad rank and an industry standard UDIMM pin out based on Everspin’s 256Mb pMTJ ST-MRAM product.
Qumulo, a start-up company offering software that helps build data-aware scale-out storage for managing large storage systems announced version 2.5 of its CORE software. This version offers Snapshots for extended data protection, erasure coding improvements to provide greater storage efficiency, throughput analytics to show how the throughput load is distributed across the file system and intelligent caching of metadata on SSDs for faster metadata operations.
The company also announced that the software will be available on HPE Apollo Servers. Previously the company had offered its software as part of its own hardware and software package. This will allow scale-out file and object storage for on-premise or private cloud networks. This announcement also demonstrates CORE hardware independence and portability for private and public clouds.
Everspin’s quarterly announcement shows a broader market acceptance of MRAM memory. Their new partnerships and product announcements gives additional validity to the MRAM market and encourages additional development by MRAM start-ups and established companies working on MRAM. Qumulo’s new partnership with HPE frees their storage management software from their own box, establishes them as a player in file and object storage for on premise and private cloud storage.