---
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"
generated_at: "2026-06-16T00:50:40.826163+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Everspin Q1 revenue $14.8M, net income $0.8M; guides Q2 rev $14.5-15.5M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-007827
- JSON: https://secwatch.observer/filing/0001558370-23-007827.json
- Plain text: https://secwatch.observer/filing/0001558370-23-007827.txt

## Key facts
- Earnings Releases
  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.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $14.8 million
  - Net income: $0.8 million
  - EPS: $0.04 per basic share
  - Guidance: reaffirmed
  - Result: preliminary results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1438423/000155837023007827/0001558370-23-007827-index.htm

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