secwatch.observer — SEC 8-K summary
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Issuer:     EVERSPIN TECHNOLOGIES INC. (MRAM)
CIK:        0001438423
Form:       8-K
Filed at:   2023-03-01T23:59:59+00:00
Accession:  0001558370-23-002582
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Everspin reports record FY2022 revenue of $60.0M, net income up 41% to $6.1M
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- FY2022 revenue $60.0M (+9% YoY); Q4 revenue $15.7M (+3% QoQ).
- FY2022 GAAP net income $6.1M ($0.30 basic EPS) vs $4.3M ($0.22) in 2021.
- Adjusted EBITDA for 2022 improved to $11.8M from $9.6M in 2021.
- Cash and equivalents $26.8M at Q4 end, up from $21.4M at FY2021 end.
- Q1 2023 guidance: revenue $14.1M-$14.8M; GAAP EPS breakeven to $0.05.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1438423/000155837023002582/0001558370-23-002582-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1438423/000155837023002582/mram-20230301x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-002582

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