Everspin Q3 revenue $15.2M, net income $1.9M; Chairman transitions from Executive to non-Executive

EVERSPIN TECHNOLOGIES INC.

2022-Q3 EPS reported $0.27 revenue$44,295,000

Revenue $15.2M, up 4% QoQ and 3% YoY; net income $1.9M ($0.09 diluted EPS), up from $0.9M in Q3'21.
MRAM product sales $14.6M, up 21% YoY; licensing revenue $0.7M, down from $2.8M YoY.
Adjusted EBITDA $3.4M vs $2.5M in Q3'21; cash $23.4M, up from $23.1M Q2'22.
Q4'22 guidance: revenue $14.1-15.1M, GAAP net income per basic share breakeven to $0.05.
Darrin Billerbeck transitioned from Executive Chairman to Chairman of the Board on Nov 8.

item 2.02 item 5.02 item 9.01

Executive movements

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Role change

Darrin Billerbeck

Chairman of the Board

MRAM · EVERSPIN TECHNOLOGIES INC.

Effective: 2022-11-08
Filed: November 9, 2022, 6:59 PM ET

On November 8, 2022, Darrin Billerbeck, the Executive Chairman of the Board of the Board of Directors of Everspin Technologies, Inc., transitioned from Executive Chairman of the Board back to Chairman of the Board.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EVERSPIN TECHNOLOGIES INC. reported the third quarter of 2022 results: revenue $15.2 million, net income $1.9 million, EPS $0.09 per basic share.

Period: the third quarter of 2022
Revenue: $15.2 million
Net income: $1.9 million
EPS: $0.09 per basic share
Result: preliminary results

Exact text from the filing

MRAM, today announced preliminary unaudited financial results for the third quarter of 2022. Third Quarter 2022 Highlights ● Q3’22 revenue increased $0.5 million, or 4%, to $15.2 million from $14.7 million for Q2’22. Q3’22 revenue increased $0.4 million, or 3% from $14.8 million in Q3’21. ● The Company reported net income of $1.9 million for Q3’22, compared to

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Executive change SEC 8-K Item 5.02 confidence 0.95

Darrin Billerbeck changed role as Chairman of the Board at EVERSPIN TECHNOLOGIES INC..

Action: transitioned
Role: Chairman of the Board

Exact text from the filing

On November 8, 2022, Darrin Billerbeck, the Executive Chairman of the Board of the Board of Directors of Everspin Technologies, Inc., transitioned from Executive Chairman of the Board back to Chairman of the Board.

View on SEC.gov

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EVERSPIN TECHNOLOGIES INC. filing history →

Source: SEC EDGAR

accession 0001558370-22-017160

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