Everspin Q3 revenue $16.5M, up 8% YoY; net income $2.4M, EPS $0.11; guides Q4 rev $15.4-16.4M

EVERSPIN TECHNOLOGIES INC.

2023-Q3 EPS reported $0.33 revenue$47,059,000

Revenue $16.5M (+8% YoY), net income $2.4M (+27.8%), diluted EPS $0.11 (vs $0.09).
Adjusted EBITDA $4.0M (+18.7% YoY); cash from operations $3.6M (vs $0.9M).
Licensing revenue surged to $2.9M from $0.7M YoY, driven by RAD-Hard programs.
Q4 outlook: revenue $15.4M-$16.4M, diluted EPS $0.01-$0.06.
Cash and equivalents $34.9M, up from $23.4M a year earlier.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

EVERSPIN TECHNOLOGIES INC. reported the third quarter ended September 30, 2023 results: revenue $16.5 million, net income $2.4 million, EPS $0.11 per diluted share.

Period: the third quarter ended September 30, 2023
Revenue: $16.5 million
Net income: $2.4 million
EPS: $0.11 per diluted share
Result: reported results

Exact text from the filing

by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- Everspin Reports Unaudited Third Quarter 2023 Financial Results Revenue rose 8% year over year to $16.5 million, exceeding guidance. Net income increased 27.8% year over year to $2.4 million. Chandler, AZ, November 1, 2023 — Everspin Technologies, Inc. (NASDAQ: MRAM), the market leader

View on SEC.gov

Browse all earnings releases →

EVERSPIN TECHNOLOGIES INC. filing history →

Source: SEC EDGAR

accession 0001558370-23-017231

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.