---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-008336"
form_type: "8-K"
ticker: "MRAM"
cik: "0001438423"
company_name: "EVERSPIN TECHNOLOGIES INC."
filed_at: "2022-05-11T23:59:59+00:00"
generated_at: "2026-06-25T20:43:35.824124+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-22-008336
- form_type: 8-K
- ticker: MRAM
- cik: 0001438423
- company_name: EVERSPIN TECHNOLOGIES INC.
- filed_at: 2022-05-11T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1438423/000155837022008336/0001558370-22-008336-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1438423/000155837022008336/mram-20220511x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-008336
- JSON: https://secwatch.observer/filing/0001558370-22-008336.json
- Plain text: https://secwatch.observer/filing/0001558370-22-008336.txt

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