secwatch.observer — SEC 8-K summary
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Issuer:     EVERSPIN TECHNOLOGIES INC. (MRAM)
CIK:        0001438423
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001558370-24-002001
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1438423/000155837024002001/0001558370-24-002001-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1438423/000155837024002001/mram-20240228x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-002001

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