---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-017160"
form_type: "8-K"
ticker: "MRAM"
cik: "0001438423"
company_name: "EVERSPIN TECHNOLOGIES INC."
filed_at: "2022-11-09T23:59:59+00:00"
generated_at: "2026-06-22T01:04:00.659108+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-22-017160
- form_type: 8-K
- ticker: MRAM
- cik: 0001438423
- company_name: EVERSPIN TECHNOLOGIES INC.
- filed_at: 2022-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1438423/000155837022017160/0001558370-22-017160-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1438423/000155837022017160/mram-20221109x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-017160
- JSON: https://secwatch.observer/filing/0001558370-22-017160.json
- Plain text: https://secwatch.observer/filing/0001558370-22-017160.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1438423/000155837022017160/0001558370-22-017160-index.htm
- Executive change
  Darrin Billerbeck changed role as Chairman of the Board at EVERSPIN TECHNOLOGIES INC..
  - Action: transitioned
  - Role: Chairman of the Board
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1438423/000155837022017160/0001558370-22-017160-index.htm

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