---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-029376"
form_type: "8-K"
ticker: "MRAM"
cik: "0001438423"
company_name: "EVERSPIN TECHNOLOGIES INC."
filed_at: "2022-03-02T23:59:59+00:00"
generated_at: "2026-06-27T02:22:40.119571+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Everspin reports record Q4 revenue $18.2M, net income $3.7M; appoints Sanjeev Aggarwal as CEO

## Summary
- Q4 2021 revenue $18.2M (up 82% YoY), GAAP net income $3.7M ($0.19 EPS) vs loss $1.6M in Q4 2020.
- Full year 2021 revenue $55.1M (up 31% YoY), net income $4.3M, adjusted EBITDA $9.6M, cash $21.4M.
- Q1 2022 guidance: revenue $13.4-14.2M, GAAP net loss per share ($0.03)-$0.00 due to development costs and supply constraints.
- Sanjeev Aggarwal named President and CEO effective March 14, 2022; replaces interim CEO Darin Billerbeck who remains Executive Chairman.
- CFO Anuj Aggarwal gets base salary increase to $330k, annual bonus target 65%, and equity grants including 57,000 RSUs.

## SEC filing metadata
- accession: 0001104659-22-029376
- form_type: 8-K
- ticker: MRAM
- cik: 0001438423
- company_name: EVERSPIN TECHNOLOGIES INC.
- filed_at: 2022-03-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1438423/000110465922029376/0001104659-22-029376-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1438423/000110465922029376/tm228006d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-029376
- JSON: https://secwatch.observer/filing/0001104659-22-029376.json
- Plain text: https://secwatch.observer/filing/0001104659-22-029376.txt

## Key facts
- Executive change
  Sanjeev Aggarwal was appointed as President and Chief Executive Officer at EVERSPIN TECHNOLOGIES INC..
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: On February 28, 2022, the Company’s Board of Directors (the “Board”) appointed Sanjeev Aggarwal as the Company’s President and Chief Executive Officer, effective March 14, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1438423/000110465922029376/0001104659-22-029376-index.htm
- Executive change
  Sanjeev Aggarwal was elected as Director at EVERSPIN TECHNOLOGIES INC..
  - Action: elected
  - Role: Director
  source text: On February 28, 2022, the Board also elected Mr. S. Aggarwal as a member of the Board, effective March 14, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1438423/000110465922029376/0001104659-22-029376-index.htm
- Executive change
  Darin Billerbeck resigned as Interim Chief Executive Officer at EVERSPIN TECHNOLOGIES INC..
  - Action: resigned
  - Role: Interim Chief Executive Officer
  source text: Effective March 14, 2022, Mr. Billerbeck will resign as the Company’s Interim Chief Executive Officer and will continue to serve as the Company’s Executive Chairman of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1438423/000110465922029376/0001104659-22-029376-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.