secwatch.observer — SEC 8-K summary
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Issuer:     EVERSPIN TECHNOLOGIES INC. (MRAM)
CIK:        0001438423
Form:       8-K
Filed at:   2022-08-11T23:59:59+00:00
Accession:  0001558370-22-013273
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1438423/000155837022013273/0001558370-22-013273-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1438423/000155837022013273/mram-20220811x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-013273

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