---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-012907"
form_type: "8-K"
ticker: "MRAM"
cik: "0001438423"
company_name: "EVERSPIN TECHNOLOGIES INC."
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T12:44:26.360661+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Everspin Q2 revenue $15.7M beats guidance; net income $3.9M, 9th consecutive profitable quarter

## Summary
- Revenue $15.7M, above high end of guidance; up 6% QoQ and 7% YoY.
- GAAP net income $3.9M ($0.19 basic EPS) vs $0.8M in Q1'23; includes $2.0M one-time ERTC.
- Adjusted EBITDA $5.4M; operating cash flow $6.3M; cash balance $30.8M up from $24.2M.
- Q3'23 guidance: revenue $15.4M-$16.4M, EPS $0.01-$0.06 per basic share.
- CEO highlights radiation hard programs and new xSPI low-density STT-MRAM in low-volume production.

## SEC filing metadata
- accession: 0001558370-23-012907
- form_type: 8-K
- ticker: MRAM
- cik: 0001438423
- company_name: EVERSPIN TECHNOLOGIES INC.
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1438423/000155837023012907/0001558370-23-012907-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1438423/000155837023012907/mram-20230802x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-012907
- JSON: https://secwatch.observer/filing/0001558370-23-012907.json
- Plain text: https://secwatch.observer/filing/0001558370-23-012907.txt

## Key facts
- Earnings Releases
  EVERSPIN TECHNOLOGIES INC. reported second quarter ended June 30, 2023 results: revenue $15.7 million, net income $3.9 million, EPS $0.19 per basic share. Guidance reaffirmed.
  - Period: second quarter ended June 30, 2023
  - Revenue: $15.7 million
  - Net income: $3.9 million
  - EPS: $0.19 per basic share
  - Guidance: reaffirmed
  - Result: preliminary results
  source text: preliminary unaudited financial results for the second quarter ended June 30, 2023. ​ Second Quarter 2023 Highlights ​ · Q2’23 revenue exceeded the top end of guidance at $15.7 million. · The company reported net income of $3.9 million for Q2’23 compared to $0.8 million for Q1’23. · Adjusted EBITDA for Q2’23 was $5.4 million compared to $2.3 million for Q1’23.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1438423/000155837023012907/0001558370-23-012907-index.htm

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