secwatch.observer — SEC 8-K summary
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Issuer:     EVERSPIN TECHNOLOGIES INC. (MRAM)
CIK:        0001438423
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0001558370-22-017160
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1438423/000155837022017160/0001558370-22-017160-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1438423/000155837022017160/mram-20221109x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-017160

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