secwatch.observer — SEC 8-K summary
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Issuer:     EVERSPIN TECHNOLOGIES INC. (MRAM)
CIK:        0001438423
Form:       8-K
Filed at:   2022-05-11T23:59:59+00:00
Accession:  0001558370-22-008336
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1438423/000155837022008336/0001558370-22-008336-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1438423/000155837022008336/mram-20220511x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-008336

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