Everspin Technologies designs and manufactures magnetoresistive random access memory (MRAM) solutions that combine the speed and endurance of traditional random access memory with non-volatile data persistence, eliminating the need for bulky batteries or capacitors to protect data during power interruptions. The company generates revenue primarily from selling discrete and embedded MRAM products to customers across industrial, medical, automotive, aerospace, and data center markets, with additional income from technology licensing, royalties, and backend foundry and design services. Everspin distributes its products through both direct sales to original equipment manufacturers and original design manufacturers, and through distributor networks, with long-term revenue streams driven by design wins that qualify products for sustained production over multiple years of customer product lifecycles.