Everspin Technologies Inc
NASDAQ:MRAM

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Everspin Technologies Inc
NASDAQ:MRAM
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Price: 12.12 USD 1.17%
Market Cap: 277.1m USD

Everspin Technologies Inc
Investor Relations

Everspin Technologies, Inc. engages in the provision of magnetoresistive random access memory (MRAM) solutions. The company is headquartered in Chandler, Arizona and currently employs 75 full-time employees. The company went IPO on 2016-10-07. The Company’s MRAM solutions offer non-volatile memory with the speed and endurance of random access memory (RAM) and enable the protection of critical data, particularly in the event of power interruption or failure. Its products include Toggle MRAM, offers products with industry standard interfaces, including Parallel, Serial Peripheral Interface (SPI) and Quad SPI (QSPI) interfaces; Spin-transfer Torque MRAM (STT-MRAM), offer products with standard DDR3 and DDR4 derivative interfaces; and Tunnel Magneto Resistance (TMR) Sensors, offers die-level devices integrated into consumer electronic applications that utilize a three-dimensional (3D) compass function. The company serves various markets, such as medical, automotive/transportation, aerospace, and data center. The firm sells its products directly and through its distribution channels to original equipment manufacturers (OEMs).

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 5, 2025
AI Summary
Q3 2025

Revenue: Everspin reported Q3 revenue of $14.1 million, up 16% year-over-year and in line with its guidance.

Profitability: Non-GAAP EPS was $0.06, towards the high end of guidance; GAAP gross margin improved to 51.3%.

Product Strength: Growth was driven by strong sales in LEO satellite, casino gaming, energy management, and data center applications.

Licensing Revenue: Licensing, royalty, patent and other revenue decreased year-over-year due to project completions; management expects this segment to remain around the 10% range of total revenue.

Cash Position: Ended the quarter with $45.3 million in cash and cash equivalents and remains debt-free.

Q4 Outlook: Guidance for Q4 revenue is $14 million to $15 million, with GAAP EPS expected between $0.02 and $0.07 per share.

Key Financials
Revenue
$14.1 million
MRAM Product Sales
$12.7 million
Licensing, Royalty, Patent and Other Revenue
$1.4 million
Gross Margin
51.3%
Operating Expenses
$8.8 million
Cash and Cash Equivalents
$45.3 million
Operating Cash Flow
$0.9 million
Earnings Per Share
$0.06
Non-GAAP Net Income
$1.5 million
Earnings Call Recording
Other Earnings Calls

Management

Dr. Sanjeev Aggarwal Ph.D.
President, CEO & Director
No Bio Available
Mr. David Schrenk
Vice President of Sales & Business Development
No Bio Available
Mr. Matthew Tenorio
Interim Chief Financial Officer
No Bio Available
Mr. Amit Shah
Vice President of Operations
No Bio Available
Mr. Kerry Nagel
Vice President of Technology
No Bio Available
Ms. Aparna Oka
Corporate Controller
No Bio Available

Contacts

Address
ARIZONA
Chandler
5670 W Chandler Blvd Ste 100
Contacts
+14803471111.0
www.everspin.com