and Thank everyone. you, good afternoon, Leanne,
progress from operational both demonstrated revenue perspective. and results QX meaningful Our
sales. with the news and manufacturing good XX% million from continued Toggle quarter, demonstrating increasing have growth a and exited end MRAM the revenue, grew STT-MRAM, $XX.X we of MRAM Toggle some Toggle of both our as to increased revenue of from Toggle comes exceeded performance new our baseline This returned in in yield high STT-MRAM the our the manufacturing, Chandler quarter, To we front, improvements guidance, previous share investments our MRAM from coupled progress third on year-over-year. both XX% quarter production, at Third measurable results our record. the quarterly facility on setting including capabilities. to
on Our Toggle manufacturing and drive production. of operations the efficiencies our line to MRAM in team focused remains profitability our performance increased of order
transportation earlier a partnership we SilTerra, We coming yield long-term further to augment and of supporting demand expect TMR Toggle we manufacturing Through which is growth, a is sensor Sensortec, medical licensee products is at Bosch To SilTerra production with expected Everspin, financial XXXX. fast, this in these future products increasing Malaysia. Toggle partnership agreement Everspin’s announced start in located performance MRAM year to in intellectual This our quarters. week core its this critical. between improvements memory to a Everspin will toward on benefits in multiyear provide for meet that its productivity to the efforts and our partnership, investments have property. calendar MRAM the Kulim, part services cooperative SilTerra these industrial, entered semiconductor Initial a into company, world-class three-way of computing, capacity is markets, production and Toggle in volatile and reliable where
Chandler MRAM manufacturing to complement in capacity emphasize that facility. me our Let a Toggle our this is existing
manufacturing to continue base, in and once agreement is on a diversified manufacturing lease line with come some STT-MRAM to will our existing operations continue highlights efforts. NXP. this It has manufacturing our now We SilTerra the online. intent I invest of to turn under parallel
we participation earnings MRAM for During our was STT-MRAM discussed Day us Developer our which call, great in to our technology. Summit and the promote a platform last in Flash August, Memory
During by engagements, key showcased we’re available array, our We on module flash flash our technical our expanding the module recently, all-flash systems customer, write their the which More value gaining our XXXX, that, product of in STT-MRAM second bolstered have we from public to that that this STT-MRAM the applications. design customer core been traction of coming designed IBM a storage will system contained that hope week, benefit traction technology line, NVMe to new same account. made drivers in flash also Building wins product. XXX-megabit uses persistent the array announce increasing this be in core that be high-profile that our and this quarters. wins FMS same buffer into drive able engagements in as in design accounts see in
was highlight Summit SMART Modular. with collaboration Another our Flash Memory
the into center activity interest with institutions. based and on the and work marketing prospective customers, major August, a to have data we accelerator of evaluations step continue SMART STT-MRAM key Since in proof by with of storage including evaluations, We closely evaluation concept financial deployments. nvNITRO supporting sales increasing seen
web service We data operates that own FinTech now opportunity with have outside provider also sector the its centers. a
more storage year-end. proof or accelerator one for of high-performance concepts to this complete by anticipating We’re
product to this innovative this make the of available technology. product Modular up line opportunities the end opening U.X year, SMART nvNITRO for form the factor before new expect of We
to customer this I’ve STT the positive with next part new X-gigabit samples addresses. opportunities incremental applications what beyond will released open XXX-megabit product on on remain developments highlighted In track the addition up to expected We device, with the our and XXX-megabit we the development believe of be device, just customers month. STT-MRAM with
JDA. agreement revenue on with top before We development joint manage to the embedded termination the original Jeff. the continue turning agreement, parallel is One the recently our extended partnership to to call expect product. respectively. contributors adds STT-MRAM extension of partner, allows revised layering new with final there discrete XXX-megabit development efficiently to more be efforts to both Everspin date to Under GLOBALFOUNDRIES. structure both products and of This XX-nanometer our X-gigabit beyond and revenue revenues technology, future We on our FDX over from growth, comment a GLOBALFOUNDRIES, each cost-sharing the that the one XX-nanometer year the
where arrangement we relationship demonstrates are with next strong in Jeff? I’d that, as companies like as details believe, provide Given With will turn reduce the well and help to call quarter Jeff, our guidance. partner. quarter we fourth the benefit to important revised agreement results XX-nanometer strategically will our our third This review who over development, both have the now of R&D we XXXX this us expenses. this year’s will
