---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-017231"
form_type: "8-K"
ticker: "MRAM"
cik: "0001438423"
company_name: "EVERSPIN TECHNOLOGIES INC."
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T02:21:23.536114+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-23-017231
- form_type: 8-K
- ticker: MRAM
- cik: 0001438423
- company_name: EVERSPIN TECHNOLOGIES INC.
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1438423/000155837023017231/0001558370-23-017231-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1438423/000155837023017231/mram-20231101x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-017231
- JSON: https://secwatch.observer/filing/0001558370-23-017231.json
- Plain text: https://secwatch.observer/filing/0001558370-23-017231.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1438423/000155837023017231/0001558370-23-017231-index.htm

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