---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-21-015796"
form_type: "8-K"
ticker: "MRAM"
cik: "0001438423"
company_name: "EVERSPIN TECHNOLOGIES INC."
filed_at: "2021-11-12T23:59:59+00:00"
generated_at: "2026-06-28T09:05:16.748399+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Everspin reports Q3 revenue $14.8M (+46.5% YoY), net income $880k, and director resignation

## Summary
- Q3 revenue $14.8M vs $10.1M a year ago; net income $880k vs net loss of $3.9M in Q3 2020.
- Q4 revenue guidance $16.25M-$17.25M; GAAP EPS $0.02-$0.08 per basic share.
- IP monetization deal worth $5.25M; $1.3M recognized in Q3, remaining $3.95M deferred to Q4.
- Director Geoffrey Tate resigned Nov 8; audit committee fell below three members, cured by appointing Michael B. Gustafson.
- MRAM technology designed into Lucid Air luxury electric vehicles announced in June 2021.

## SEC filing metadata
- accession: 0001558370-21-015796
- form_type: 8-K
- ticker: MRAM
- cik: 0001438423
- company_name: EVERSPIN TECHNOLOGIES INC.
- filed_at: 2021-11-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 3.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1438423/000155837021015796/0001558370-21-015796-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1438423/000155837021015796/mram-20211107x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-21-015796
- JSON: https://secwatch.observer/filing/0001558370-21-015796.json
- Plain text: https://secwatch.observer/filing/0001558370-21-015796.txt

## Key facts
- Executive change
  Geoffrey R. Tate resigned as Director at EVERSPIN TECHNOLOGIES INC..
  - Action: resigned
  - Role: Director
  source text: On November 7, 2021, Geoffrey R. Tate informed the Company of his resignation from the Company’s board of directors (the “Board”), effective November 8, 2021, due to the time demands of Flex Logix Technologies, Inc., where he serves as its Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1438423/000155837021015796/0001558370-21-015796-index.htm

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