MRAM
Everspin Technologies, Inc.8.83
-0.17-1.89%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Key Stats
Market Cap
201.82MP/E (TTM)
-Basic EPS (TTM)
-0.02Dividend Yield
0%Recent Filings
8-K
Q3 revenue up 16%
Everspin reported Q3 revenue of $14.1 million, up 16% from $12.1 million last year, fueled by MRAM product sales hitting $12.7 million amid strength in satellite, gaming, and energy sectors. Gross margin rose to 51.3%; GAAP net income slipped to $54,000. Cash climbed to $45.3 million. Q4 outlook: revenue $14-15 million.
10-Q
Q3 FY2025 results
Everspin's Q3 revenue climbed 16.3% y/y to $14.1M, driven by 21.5% product sales growth to $12.7M while licensing dipped 17.0%; gross margin expanded to 51.3% from 49.2% on better yields and fab utilization. Operating loss narrowed to $1.5M from $2.1M as expenses rose modestly, but other income fell 70.4% y/y to $1.2M from the aerospace award. Cash hit $45.3M after $7.3M operating cash flow, less $4.7M capex; free cash flow not disclosed in the 10-Q. Revenue split APAC 61%, with no debt. Customer concentration persists.
8-K
Everspin Q2 revenue surges 24%
Everspin Technologies reported Q2 2025 revenue of $13.2 million, up 24% from $10.6 million a year ago, fueled by $11.1 million in MRAM sales and $2.1 million in licensing revenue, while gross margin climbed to 51.3%. The company swung to a GAAP net loss of $0.7 million but posted non-GAAP net income of $0.7 million, with cash reserves hitting $45.0 million. It bolstered its executive team with new sales and business development VPs to speed revenue growth. Q3 outlook targets $13.5–14.5 million in revenue. Supply chain volatility lingers as a risk.
10-Q
Q2 FY2025 results
Everspin Technologies posted solid Q2 revenue of $13.2M, up 24.1% y/y from $10.6M, fueled by 12.2% higher product sales and a 181.7% surge in licensing revenue from RAD-Hard and AI projects, while YTD revenue edged up 5.1% to $26.3M. Gross margin expanded to 51.3% from 49.0% y/y, thanks to favorable product mix, yet operating loss narrowed to $2.0M from $2.8M as expenses rose modestly. Diluted EPS improved to $(0.03) from $(0.12), aligning with 22.5M weighted shares and no dilution. Cash climbed to $45.0M with $6.5M operating cash flow, minus $2.9M capex for free cash flow of $3.6M (derived); no debt burdens the balance sheet. Strategic award income of $0.9M bolstered results. Competition from larger memory players remains a key risk.
8-K
Everspin's annual meeting results
Everspin Technologies held its 2025 Annual Meeting on May 22, where all seven director nominees were elected despite some withheld votes, Ernst & Young LLP's appointment as auditors was ratified with strong support, and the say-on-pay proposal passed handily. Votes for directors ranged from 7.9 million to 10.2 million for, while auditor ratification drew 15.2 million yes votes against 1.1 million no. Shareholder alignment shines through. No major red flags emerged.
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