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Everspin Reports Unaudited Fourth Quarter and Full Year 2024 Financial Results

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Everspin Technologies (NASDAQ: MRAM) reported Q4 2024 financial results with revenue of $13.2 million, down from $16.7 million in Q4 2023. The company achieved 178 design wins in 2024.

Q4 highlights include MRAM product sales of $11.0 million, gross margin of 51.3%, and GAAP net income of $1.2 million ($0.05 per diluted share). Cash position strengthened to $42.1 million.

Full year 2024 results showed total revenue of $50.4 million compared to $63.8 million in 2023, with MRAM product sales of $42.2 million. The company maintained a gross margin of 51.8% and reported GAAP net income of $0.8 million ($0.04 per diluted share).

For Q1 2025, Everspin projects revenue between $12-13 million with an expected GAAP net loss per share between $(0.10) and $(0.05).

Everspin Technologies (NASDAQ: MRAM) ha riportato i risultati finanziari del Q4 2024 con un fatturato di 13,2 milioni di dollari, in calo rispetto ai 16,7 milioni di dollari del Q4 2023. L'azienda ha raggiunto 178 successi di design nel 2024.

I punti salienti del Q4 includono vendite di prodotti MRAM per 11,0 milioni di dollari, un margine lordo del 51,3% e un reddito netto GAAP di 1,2 milioni di dollari (0,05 dollari per azione diluita). La posizione di cassa è migliorata a 42,1 milioni di dollari.

I risultati dell'intero anno 2024 hanno mostrato un fatturato totale di 50,4 milioni di dollari rispetto ai 63,8 milioni di dollari del 2023, con vendite di prodotti MRAM pari a 42,2 milioni di dollari. L'azienda ha mantenuto un margine lordo del 51,8% e ha riportato un reddito netto GAAP di 0,8 milioni di dollari (0,04 dollari per azione diluita).

Per il Q1 2025, Everspin prevede un fatturato compreso tra 12 e 13 milioni di dollari, con una perdita netta GAAP per azione prevista tra $(0,10) e $(0,05).

Everspin Technologies (NASDAQ: MRAM) informó los resultados financieros del Q4 2024 con ingresos de 13,2 millones de dólares, una disminución con respecto a los 16,7 millones de dólares en el Q4 2023. La compañía logró 178 éxitos de diseño en 2024.

Los aspectos destacados del Q4 incluyen ventas de productos MRAM por 11,0 millones de dólares, un margen bruto del 51,3% y un ingreso neto GAAP de 1,2 millones de dólares (0,05 dólares por acción diluida). La posición de efectivo se fortaleció a 42,1 millones de dólares.

Los resultados del año completo 2024 mostraron ingresos totales de 50,4 millones de dólares en comparación con 63,8 millones de dólares en 2023, con ventas de productos MRAM de 42,2 millones de dólares. La compañía mantuvo un margen bruto del 51,8% y reportó un ingreso neto GAAP de 0,8 millones de dólares (0,04 dólares por acción diluida).

Para el Q1 2025, Everspin proyecta ingresos entre 12 y 13 millones de dólares con una pérdida neta GAAP por acción esperada entre $(0,10) y $(0,05).

Everspin Technologies (NASDAQ: MRAM)는 2024년 4분기 재무 결과를 보고하며 매출이 1320만 달러로, 2023년 4분기의 1670만 달러에서 감소했다고 발표했습니다. 회사는 2024년에 178건의 디자인 승리를 달성했습니다.

4분기 주요 내용으로는 MRAM 제품 판매가 1100만 달러, 총 마진이 51.3%, GAAP 기준 순이익이 120만 달러(희석 주당 0.05달러)로 나타났습니다. 현금 보유액은 4210만 달러로 강화되었습니다.

2024년 전체 결과는 총 매출이 5040만 달러로, 2023년의 6380만 달러와 비교되었습니다. MRAM 제품 판매는 4220만 달러였습니다. 회사는 51.8%의 총 마진을 유지하며 GAAP 기준 순이익은 80만 달러(희석 주당 0.04달러)로 보고했습니다.

2025년 1분기에는 Everspin이 1200만 달러에서 1300만 달러 사이의 매출을 예상하고 있으며, 주당 GAAP 기준 순손실은 $(0.10)에서 $(0.05) 사이로 예상하고 있습니다.

Everspin Technologies (NASDAQ: MRAM) a annoncé les résultats financiers du T4 2024 avec un chiffre d'affaires de 13,2 millions de dollars, en baisse par rapport à 16,7 millions de dollars au T4 2023. L'entreprise a réalisé 178 succès de conception en 2024.

Les faits marquants du T4 comprennent des ventes de produits MRAM s'élevant à 11,0 millions de dollars, une marge brute de 51,3% et un bénéfice net GAAP de 1,2 million de dollars (0,05 dollar par action diluée). La position de trésorerie a été renforcée à 42,1 millions de dollars.

Les résultats de l'année complète 2024 ont montré un chiffre d'affaires total de 50,4 millions de dollars contre 63,8 millions de dollars en 2023, avec des ventes de produits MRAM de 42,2 millions de dollars. L'entreprise a maintenu une marge brute de 51,8% et a déclaré un bénéfice net GAAP de 0,8 million de dollars (0,04 dollar par action diluée).

Pour le T1 2025, Everspin prévoit un chiffre d'affaires compris entre 12 et 13 millions de dollars, avec une perte nette GAAP par action attendue entre $(0,10) et $(0,05).

Everspin Technologies (NASDAQ: MRAM) hat die finanziellen Ergebnisse für das 4. Quartal 2024 bekannt gegeben, mit einem Umsatz von 13,2 Millionen Dollar, was einen Rückgang von 16,7 Millionen Dollar im 4. Quartal 2023 bedeutet. Das Unternehmen erzielte 178 Designgewinne im Jahr 2024.

Die Highlights des 4. Quartals umfassen MRAM-Produktverkäufe von 11,0 Millionen Dollar, eine Bruttomarge von 51,3% und einen GAAP-Nettoeinkommen von 1,2 Millionen Dollar (0,05 Dollar pro verwässerter Aktie). Die Liquiditätsposition wurde auf 42,1 Millionen Dollar gestärkt.

Die Ergebnisse des gesamten Jahres 2024 zeigten einen Gesamtumsatz von 50,4 Millionen Dollar im Vergleich zu 63,8 Millionen Dollar im Jahr 2023, mit MRAM-Produktverkäufen von 42,2 Millionen Dollar. Das Unternehmen hielt eine Bruttomarge von 51,8% und berichtete ein GAAP-Nettoeinkommen von 0,8 Millionen Dollar (0,04 Dollar pro verwässerter Aktie).

Für das 1. Quartal 2025 prognostiziert Everspin einen Umsatz zwischen 12 und 13 Millionen Dollar mit einem erwarteten GAAP-Nettoverlust pro Aktie zwischen $(0,10) und $(0,05).

Positive
  • Strong cash position of $42.1M
  • 178 design wins in 2024
  • Maintained healthy gross margin of 51.3% in Q4
  • Q4 revenue exceeded expectations
Negative
  • Q4 revenue declined 21% YoY to $13.2M
  • Full-year revenue dropped 21% to $50.4M
  • Net income decreased 91% YoY to $0.8M
  • Projected Q1 2025 net loss
  • Gross margin declined from 58.1% to 51.3% YoY

Insights

Everspin Technologies' Q4 2024 results present a mixed picture that requires careful analysis. While the company exceeded revenue expectations and hit the high end of EPS guidance, the 21% year-over-year revenue decline to $13.2 million reveals significant headwinds. Both product sales and licensing revenue contracted substantially, with full-year revenue falling to $50.4 million from $63.8 million in 2023.

The 178 design wins in 2024 represent a important leading indicator, but the substantial gap between design win momentum and actual revenue performance warrants attention. Typically in the semiconductor memory space, design wins take 12-24 months to translate into meaningful revenue, suggesting potential growth in late 2025-2026 if conversion rates hold.

The gross margin compression from 58.4% to 51.8% year-over-year indicates potential pricing pressure or unfavorable product mix shifts. This 660 basis point decline significantly impacts profitability, explaining much of the dramatic drop in annual net income from $9.1 million to just $0.8 million.

Notably, Everspin's balance sheet strength stands out with $42.1 million in cash, representing approximately 33% of the company's market capitalization. This substantial cash position provides both downside protection and resources to weather the current downturn while investing in converting design wins to revenue.

The $7.8 million in "other income" for 2024 effectively saved the company from reporting an annual loss. This non-operational boost (likely from interest income and possibly grant funding for RAD-Hard projects) masks deeper operational challenges that management must address.

Looking ahead, the Q1 2025 guidance projecting losses signals continued near-term pressure, aligning with broader semiconductor memory market weakness. However, Everspin's focus on specialized MRAM technology targeting NOR flash and SRAM replacement opportunities positions it in higher-margin, specialized segments that may recover faster than commodity memory markets.

CHANDLER, Ariz.--(BUSINESS WIRE)-- Everspin Technologies, Inc. (NASDAQ: MRAM), the world’s leading developer and manufacturer of magnetoresistive random access memory (MRAM) persistent memory solutions, today announced preliminary unaudited financial results for the fourth quarter and full year ended December 31, 2024.

“We are pleased to report fourth quarter results with revenue above our expectations and earnings per share at the high end of our guidance range,” said Sanjeev Aggarwal, President and Chief Executive Officer. “We had a total of 178 design wins in 2024 and we are excited about the opportunities ahead of us to expand our reach in the NOR flash, SRAM and storage markets.”

Fourth Quarter 2024 Results

  • Total revenue of $13.2 million, compared to $16.7 million in the fourth quarter of 2023.
  • MRAM product sales, which includes both Toggle and STT-MRAM revenue, of $11.0 million, compared to $12.4 million in the fourth quarter of 2023.
  • Licensing, royalty, patent, and other revenue of $2.2 million, compared to $4.3 million in the fourth quarter of 2023.
  • Gross margin of 51.3%, compared to 58.1% in the fourth quarter of 2023.
  • GAAP operating expenses of $8.4 million, compared to $8.1 million in the fourth quarter of 2023.
  • Other income, net of $2.6 million, compared to $0.4 million in the fourth quarter of 2023.
  • GAAP net income of $1.2 million, or $0.05 per diluted share, compared to net income of $2.0 million, or $0.09 per diluted share, in the fourth quarter of 2023.
  • Adjusted EBITDA of $3.2 million, compared to $3.6 million in the fourth quarter of 2023.
  • Cash and cash equivalents as of December 31, 2024, increased to $42.1 million.

Full Year 2024 Results

  • Total revenue of $50.4 million, compared to $63.8 million in 2023.
  • MRAM product sales, which includes both Toggle and STT-MRAM revenue, of $42.2 million, compared to $53.1 million in 2023.
  • Licensing, royalty, patent, and other revenue of $8.2 million, compared to $10.6 million in 2023.
  • Gross margin of 51.8%, compared to 58.4% in 2023.
  • GAAP operating expenses of $33.2 million, compared to $31.4 million in 2023.
  • Other income, net of $7.8 million, compared to $3.2 million in 2023.
  • GAAP net income of $0.8 million, or $0.04 per diluted share, compared to net income of $9.1 million, or $0.42 per diluted share, in 2023.
  • Adjusted EBITDA of $9.2 million, compared to $15.3 million in 2023.

“Our solid results this quarter were driven by strength in our product revenue and RAD-Hard projects,” said Bill Cooper, Everspin’s Chief Financial Officer. “Our balance sheet remains strong and we remain committed to maintaining financial discipline while scaling our business and converting additional design wins to revenue.”

Business Outlook

For the first quarter 2025, Everspin expects total revenue in a range of $12 million to $13 million and GAAP net loss per basic share to be between $(0.10) and $(0.05). Non-GAAP net (loss) income per basic share is anticipated to be between $(0.05) and $0.00.

A reconciliation of non-GAAP guidance measures to corresponding GAAP guidance measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty regarding, and the potential variability of, expenses that may be incurred in the future. Stock-based compensation-related charges are impacted by the timing of employee stock transactions, the future fair market value of Everspin’s common stock, and Everspin’s future hiring and retention needs, all of which are difficult to predict and subject to constant change. These factors could be material to Everspin’s results computed in accordance with GAAP. This outlook is dependent on Everspin's current expectations, which may be impacted by, among other things, evolving external conditions, such as public health-related events or outbreaks, local safety guidelines, worsening impacts due to supply chain constraints or interruptions, including recent market volatility, semiconductor downturn and the other risk factors described in Everspin's filings with the Securities and Exchange Commission (the "SEC"), including its Annual Report on Form 10-K for the fiscal year ended December 31, 2023, its Quarterly Reports on Form 10-Q filed with the SEC during 2024, as well as in its subsequent filings with the SEC.

Use of Non-GAAP Financial Measures

Everspin supplements the reporting of its financial information determined under generally accepted accounting principles in the United States of America (GAAP) with the following non-GAAP financial measures:

  • Non-GAAP net income (loss), which is defined as the GAAP measure, excluding the effect of stock-based compensation charges.
  • Adjusted EBITDA, which is defined as net income adjusted for interest expense, taxes, depreciation and amortization, stock-based compensation expense, and restructuring costs (if any).

Everspin’s management and board of directors use these non-GAAP measures to understand and evaluate its operating performance and trends, to prepare and approve its annual budget and to develop short-term and long-term operating and financing plans. Accordingly, Everspin believes that these non-GAAP measures provide useful information for investors in understanding and evaluating its operating results in the same manner as its management and board of directors. These non-GAAP financial measures should be considered in addition to, not as superior to, or as a substitute for, financial measures reported in accordance with GAAP. Moreover, other companies may define these non-GAAP measures differently, which limits the usefulness of this measure for comparisons with such other companies. Everspin encourages investors to review its financial statements and publicly-filed reports in their entirety and not to rely on any single financial measure. Please see the tables included at the end of this release for the reconciliation of GAAP to non-GAAP results.

Conference Call

Everspin will host a conference call for analysts and investors on Wednesday, February 26, 2025, at 5:00 p.m. Eastern Time.

Dial-in details: To access the call by phone, please go to this link and you will be provided with dial-in details. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time.

The live webcast of the call will be accessible on Everspin’s website at investor.everspin.com. Approximately two hours after conclusion of the live event, an archived webcast of the conference call will be accessible from the Investor Relations section of Everspin’s website for twelve months.

About Everspin Technologies

Everspin Technologies, Inc. is the world’s leading provider of magnetoresistive RAM (MRAM). Everspin MRAM delivers the industry’s most robust, highest-performance non-volatile memory for industrial IoT, data centers and other mission-critical applications where data persistence is paramount. Headquartered in Chandler, Arizona, Everspin provides commercially available MRAM solutions to a large and diverse customer base. For more information, visit www.everspin.com. NASDAQ: MRAM.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements regarding future results that involve risks and uncertainties that could cause actual results or events to differ materially from the expectations disclosed in the forward-looking statements, including, but not limited to the statements made under the caption “Business Outlook.” Forward-looking statements are identified by words such as “expects” or similar expressions. These include, but are not limited to, Everspin’s future financial performance, including the outlook for first quarter 2025 results. Actual results could differ materially from these forward-looking statements as a result of certain risks and uncertainties, including, without limitation, the risks set forth under the caption “Risk Factors” in Everspin’s Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on February 29, 2024, and its Quarterly Reports on Form 10-Q filed with the SEC during 2024, as well as in its subsequent filings with the SEC. Any forward-looking statements made by Everspin in this press release speak only as of the date on which they are made and subsequent events may cause these expectations to change. Everspin disclaims any obligations to update or alter these forward-looking statements in the future, whether as a result of new information, future events or otherwise, except as required by law.

EVERSPIN TECHNOLOGIES, INC.
Balance Sheets
(In thousands, except share and per share amounts)
(Unaudited)

 

 

 

 

 

 

 

 

 

December 31,

 

December 31,

 

 

2024

 

2023

Assets

 

 

 

 

 

 

Current assets:

 

 

 

 

 

 

Cash and cash equivalents

 

$

42,097

 

 

$

36,946

 

Accounts receivable, net

 

 

11,722

 

 

 

11,554

 

Inventory

 

 

9,110

 

 

 

8,391

 

Prepaid expenses and other current assets

 

 

1,272

 

 

 

988

 

Total current assets

 

 

64,201

 

 

 

57,879

 

Property and equipment, net

 

 

3,220

 

 

 

3,717

 

Intangible assets, net

 

 

3,416

 

 

 

 

Right-of-use assets

 

 

4,549

 

 

 

5,495

 

Other assets

 

 

2,403

 

 

 

212

 

Total assets

 

$

77,789

 

 

$

67,303

 

 

 

 

 

 

 

 

Liabilities and Stockholders’ Equity

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

Accounts payable

 

$

2,278

 

 

$

2,916

 

Accrued liabilities

 

 

2,449

 

 

 

4,336

 

Deferred revenue

 

 

78

 

 

 

336

 

Lease liabilities, current portion

 

 

1,306

 

 

 

1,190

 

Contract obligations

 

 

2,034

 

 

 

 

Software liabilities, current portion

 

 

1,769

 

 

 

 

Total current liabilities

 

 

9,914

 

 

 

8,778

 

Lease liabilities, net of current portion

 

 

3,336

 

 

 

4,390

 

Software liabilities, net of current portion

 

 

1,784

 

 

 

 

Long-term income tax liability

 

 

162

 

 

 

214

 

Total liabilities

 

$

15,196

 

 

$

13,382

 

Commitments and contingencies (Note 5)

 

 

 

 

 

 

Stockholders’ equity:

 

 

 

 

 

 

Preferred stock, $0.0001 par value per share; 5,000,000 shares authorized; no shares issued and outstanding as of December 31, 2024 and 2023, respectively

 

 

 

 

 

 

Common stock, $0.0001 par value per share; 100,000 000 shares authorized; 22,059,697 and 21,080,472 shares issued and outstanding as of December 31, 2024 and 2023, respectively

 

 

2

 

 

 

2

 

Additional paid-in capital

 

 

199,460

 

 

 

191,569

 

Accumulated deficit

 

 

(136,869

)

 

 

(137,650

)

Total stockholders’ equity

 

 

62,593

 

 

 

53,921

 

Total liabilities and stockholders’ equity

 

$

77,789

 

 

$

67,303

 

EVERSPIN TECHNOLOGIES, INC.
Statements of Income and Comprehensive Income
(In thousands, except share and per share amounts)
(Unaudited)

 

 

 

Year Ended December 31,

 

 

2024

 

2023

Product sales

 

$

42,203

 

 

$

53,123

 

Licensing, royalty, patent, and other revenue

 

 

8,199

 

 

 

10,642

 

Total revenue

 

 

50,402

 

 

 

63,765

 

Cost of product sales

 

 

22,812

 

 

 

24,693

 

Cost of licensing, royalty, patent, and other revenue

 

 

1,464

 

 

 

1,827

 

Total cost of sales

 

 

24,276

 

 

 

26,520

 

Gross profit

 

 

26,126

 

 

 

37,245

 

Operating expenses:

 

 

 

 

 

 

Research and development

 

 

13,686

 

 

 

11,776

 

General and administrative

 

 

14,141

 

 

 

14,296

 

Sales and marketing

 

 

5,390

 

 

 

5,288

 

Total operating expenses

 

 

33,217

 

 

 

31,360

 

(Loss) income from operations

 

 

(7,091

)

 

 

5,885

 

Interest expense

 

 

 

 

 

(63

)

Other income, net

 

 

7,832

 

 

 

3,214

 

Net income before income taxes

 

 

741

 

 

 

9,036

 

Income tax benefit

 

 

40

 

 

 

16

 

Net income and comprehensive income

 

$

781

 

 

$

9,052

 

Net income per common share:

 

 

 

 

 

 

Basic

 

$

0.04

 

 

$

0.44

 

Diluted

 

$

0.04

 

 

$

0.42

 

Weighted average shares of common stock outstanding:

 

 

 

 

 

 

Basic

 

 

21,642,793

 

 

 

20,748,302

 

Diluted

 

 

22,156,420

 

 

 

21,367,304

 

EVERSPIN TECHNOLOGIES, INC.
Statements of Cash Flows
(In thousands)
(Unaudited)

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

2024

 

2023

Cash flows from operating activities

 

 

 

 

 

 

Net income

 

$

781

 

 

$

9,052

 

Adjustments to reconcile net income to net cash provided by operating activities:

 

 

 

 

 

 

Depreciation and amortization

 

 

1,731

 

 

 

1,205

 

Gain on sale of property and equipment

 

 

 

 

 

(15

)

Stock-based compensation

 

 

6,713

 

 

 

5,005

 

Loss on prepayment and termination of credit facility

 

 

 

 

 

170

 

Non-cash warrant revaluation

 

 

 

 

 

(25

)

Non-cash interest expense

 

 

 

 

 

26

 

Changes in operating assets and liabilities:

 

 

 

 

 

 

Accounts receivable

 

 

(168

)

 

 

(889

)

Inventory

 

 

(719

)

 

 

(1,708

)

Prepaid expenses and other current assets

 

 

(284

)

 

 

(384

)

Other assets

 

 

(492

)

 

 

(150

)

Accounts payable

 

 

(374

)

 

 

499

 

Accrued liabilities

 

 

(1,939

)

 

 

803

 

Deferred revenue

 

 

(258

)

 

 

(485

)

Contract obligations

 

 

2,034

 

 

 

 

Lease liabilities, net

 

 

74

 

 

 

24

 

Net cash provided by operating activities

 

 

7,099

 

 

 

13,128

 

Cash flows from investing activities

 

 

 

 

 

 

Purchases of property and equipment

 

 

(3,049

)

 

 

(1,404

)

Purchases of intangible assets

 

 

(11

)

 

 

 

Proceeds received from sale of property and equipment

 

 

 

 

 

19

 

Net cash used in investing activities

 

 

(3,060

)

 

 

(1,385

)

Cash flows from financing activities

 

 

 

 

 

 

Payments on long-term debt

 

 

 

 

 

(2,790

)

Proceeds from exercise of stock options and purchase of shares in employee stock purchase plan

 

 

1,178

 

 

 

1,198

 

Payments on finance leases

 

 

(66

)

 

 

 

Net cash provided by (used in) financing activities

 

 

1,112

 

 

 

(1,592

)

Net increase in cash and cash equivalents

 

 

5,151

 

 

 

10,151

 

Cash and cash equivalents at beginning of period

 

 

36,946

 

 

 

26,795

 

Cash and cash equivalents at end of period

 

$

42,097

 

 

$

36,946

 

Supplementary cash flow information:

 

 

 

 

 

 

Interest paid

 

$

 

 

$

37

 

Cash paid for taxes

 

$

202

 

 

$

 

Operating cash flows paid for operating leases

 

$

1,399

 

 

$

1,384

 

Financing cash flows paid for finance leases

 

$

66

 

 

$

12

 

Non-cash investing and financing activities:

 

 

 

 

 

 

Internal-use software asset obtained in exchange for software liabilities

 

$

3,564

 

 

$

 

Right-of-use assets obtained in exchange for finance lease liabilities

 

$

297

 

 

$

 

Purchases of property and equipment in accounts payable and accrued liabilities

 

$

182

 

 

$

446

 

Cashless exercise of warrants

 

$

 

 

$

2

 

EVERSPIN TECHNOLOGIES, INC.
Supplemental Reconciliations of GAAP Results to Non-GAAP Financial Measures

(In thousands, except share and per share amounts)
(Unaudited)

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

2024

 

2023

 

 

(in thousands)

Adjusted EBITDA reconciliation:

 

 

 

 

 

 

Net income

 

$

781

 

 

$

9,052

 

Depreciation and amortization

 

 

1,731

 

 

 

1,205

 

Stock-based compensation expense

 

 

6,713

 

 

 

5,005

 

Interest expense

 

 

 

 

 

63

 

Income tax benefit

 

 

(40

)

 

 

(16

)

Adjusted EBITDA

 

$

9,185

 

 

$

15,309

 

 

Year Ended December 31,

2024

2023

 

Non-GAAP Net income per common share reconciliation:

 

Net income per common share, diluted

$

0.04

$

0.42

 

Stock-based compensation expense

0.30

0.23

 

Non-GAAP Net income per common share, diluted

$

0.34

$

0.65

 

Investor Relations:

Monica Gould

The Blueshirt Group

T: 212-871-3927

ir@everspin.com

Source: Everspin Technologies, Inc.

FAQ

What were Everspin's (MRAM) Q4 2024 revenue and earnings per share?

Everspin reported Q4 2024 revenue of $13.2 million and earnings of $0.05 per diluted share.

How many design wins did Everspin (MRAM) achieve in 2024?

Everspin achieved 178 design wins throughout 2024.

What is Everspin's (MRAM) revenue guidance for Q1 2025?

Everspin expects Q1 2025 revenue between $12 million and $13 million.

How did Everspin's (MRAM) full-year 2024 performance compare to 2023?

Revenue decreased from $63.8M in 2023 to $50.4M in 2024, with net income declining from $9.1M to $0.8M.

What was Everspin's (MRAM) cash position at the end of 2024?

Cash and cash equivalents increased to $42.1 million as of December 31, 2024.

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