secwatch.observer — SEC 8-K summary
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Issuer:     EVERSPIN TECHNOLOGIES INC. (MRAM)
CIK:        0001438423
Form:       8-K
Filed at:   2021-08-12T23:59:59+00:00
Accession:  0001558370-21-011501
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Everspin posts first GAAP net income quarter: Q2 net income $256k, revenue $11.85M
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- Q2 2021 revenue $11.85M, up 15% QoQ from $10.28M, flat YoY vs $11.83M.
- First GAAP net income in company history: $256k ($0.01 EPS), vs net loss of $460k in Q1 and $1.3M loss in Q2 2020.
- Gross margin expanded to 60.7%, up from 58.2% QoQ and 43.9% YoY.
- Cash and equivalents $14.2M at June 30, 2021, down from $15.5M at Q1 end.
- Q3 2021 guidance: revenue $11.7M–$12.7M; GAAP net loss per share ($0.04)–($0.07).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1438423/000155837021011501/0001558370-21-011501-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1438423/000155837021011501/mram-20210812x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-21-011501

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer