Everspin Q1 revenue up 39% YoY to $14.3M; net income $1.9M

EVERSPIN TECHNOLOGIES INC.

2022-Q1 EPS reported $0.09 revenue$14,347,000

Revenue $14.3M (+39% YoY); net income $1.9M ($0.10 basic EPS) vs net loss $0.5M in Q1'21.
Adjusted EBITDA $3.1M vs $0.8M YoY; gross margin 58.0% vs 58.2%.
MRAM product sales $12.7M flat QoQ; licensing/other $1.7M (excl. $3.9M IP deal in Q4'21).
Q2'22 guidance: rev $13.6-$14.6M; GAAP EPS ($0.06)-$0.00; supply constraints may push demand to H2.
New 28nm STT-MRAM products sampled; expected to drive growth in industrial/IoT markets.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.