---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-002001"
form_type: "8-K"
ticker: "MRAM"
cik: "0001438423"
company_name: "EVERSPIN TECHNOLOGIES INC."
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T08:35:05.384313+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Everspin Q4 revenue $16.7M, EPS $0.09 beat; FY2023 record rev $63.8M, net income $9.1M

## Summary
- Q4 revenue $16.7M (+6% YoY), GAAP EPS $0.09; FY revenue $63.8M, net income $9.1M, EPS $0.42.
- MRAM product sales Q4 $12.4M (down from $14.6M YoY) but licensing revenue surged to $4.3M from $1.1M.
- Gross margin expanded to 58.1% Q4 (FY 58.4%); adjusted EBITDA $3.6M Q4, $15.3M FY.
- Record cash $36.9M, no debt; 11th consecutive profitable quarter; 217 design wins in 2023.
- Q1 2024 guidance: revenue $13.5-14.5M, EPS breakeven to $0.05 per diluted share.

## SEC filing metadata
- accession: 0001558370-24-002001
- form_type: 8-K
- ticker: MRAM
- cik: 0001438423
- company_name: EVERSPIN TECHNOLOGIES INC.
- filed_at: 2024-02-28T23:59:59+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/1438423/000155837024002001/0001558370-24-002001-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1438423/000155837024002001/mram-20240228x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-002001
- JSON: https://secwatch.observer/filing/0001558370-24-002001.json
- Plain text: https://secwatch.observer/filing/0001558370-24-002001.txt

## Key facts
- Earnings Releases
  EVERSPIN TECHNOLOGIES INC. updated its the fourth quarter and full year ended December 31, 2023 guidance (reaffirmed).
  - Period: the fourth quarter and full year ended December 31, 2023
  - Guidance: reaffirmed
  - Result: preliminary results
  source text: On February 28, 2024, Everspin Technologies, Inc. issued a press release announcing its financial results for the quarter and year ended December 31, 2023, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1438423/000155837024002001/0001558370-24-002001-index.htm

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