secwatch.observer — SEC 8-K summary
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Issuer:     EVERSPIN TECHNOLOGIES INC. (MRAM)
CIK:        0001438423
Form:       8-K
Filed at:   2021-11-12T23:59:59+00:00
Accession:  0001558370-21-015796
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 3.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1438423/000155837021015796/0001558370-21-015796-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1438423/000155837021015796/mram-20211107x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-21-015796

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