{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-23-007827","form_type":"8-K","ticker":"MRAM","cik":"0001438423","company_name":"EVERSPIN TECHNOLOGIES INC.","filed_at":"2023-05-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.875793+00:00","generated_at":"2026-06-16T00:50:40.826163+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Everspin Q1 revenue $14.8M, net income $0.8M; guides Q2 rev $14.5-15.5M","bullets":["Q1 2023 revenue $14.8M (top end of guidance), up 3% YoY from $14.3M; MRAM product sales $13.8M, up 9% YoY.","GAAP net income $0.8M ($0.04 basic EPS) versus $0.6M in Q4 2022 and $1.9M in Q1 2022; 8th consecutive profit.","Adjusted EBITDA $2.3M; operating cash flow $1.2M; paid off term loan and line of credit; cash $24.2M.","Q2 2023 guidance: revenue $14.5M to $15.5M; GAAP EPS between breakeven and $0.05, impacted by 28nm STT-MRAM development costs.","New xSPI STT-MRAM family won Best in Show (Memory) at Embedded World 2023; customer evaluation interest cited."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-23-007827","json":"https://secwatch.observer/filing/0001558370-23-007827.json","markdown":"https://secwatch.observer/filing/0001558370-23-007827.md","text":"https://secwatch.observer/filing/0001558370-23-007827.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1438423/000155837023007827/0001558370-23-007827-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1438423/000155837023007827/mram-20230503x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T00:50:40.826163+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1ab406838c1c8d7802aa7b97053bc632cbdaf058","claim":"EVERSPIN TECHNOLOGIES INC. reported the first quarter ended March 31, 2023 results: revenue $14.8 million, net income $0.8 million, EPS $0.04 per basic share. Guidance reaffirmed.","evidence_excerpt":"announced preliminary unaudited financial results for the first quarter ended March 31, 2023. First Quarter 2023 Highlights ● Q1’23 revenue came in at the top end of guidance at $14.8 million. ● The company reported net income of $0.8 million for Q1’23, compared to $0.6 million for Q4’22. ● Adjusted EBITDA for Q1’23 was $2.3 million, compared to $2.1 million for","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1438423/000155837023007827/0001558370-23-007827-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2023"},{"label":"Revenue","value":"$14.8 million"},{"label":"Net income","value":"$0.8 million"},{"label":"EPS","value":"$0.04 per basic share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}