Everspin Q2 2022 revenue $14.7M (+24% YoY); net income $1.7M; guides Q3 revenue $14.4-15.4M

EVERSPIN TECHNOLOGIES INC.

2022-Q2 EPS reported $0.17 revenue$29,054,000

Revenue $14.7M, up 24% YoY and above high end of guidance; MRAM product sales $13.2M.
Net income $1.7M ($0.08 basic EPS) vs $1.9M in Q1; Adjusted EBITDA $3.3M.
Gross margin 58.4% vs 60.7% a year ago, pressured by supplier price increases.
Q3 2022 guidance: revenue $14.4M-$15.4M; GAAP EPS breakeven to $0.05, reflecting product development costs.

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.