{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-006390","form_type":"8-K","ticker":"MRAM","cik":"0001438423","company_name":"EVERSPIN TECHNOLOGIES INC.","filed_at":"2024-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.430431+00:00","generated_at":"2026-06-03T02:39:17.469420+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Everspin Q1 net loss $0.2M vs prior net income; Q2 rev guidance $10-11M","bullets":["Revenue $14.4M near high end of guidance; down from $14.8M YoY; MRAM product sales $10.9M (-21% YoY).","GAAP net loss $0.2M ($0.01 loss per share) vs net income $0.8M ($0.04 EPS) in Q1 2023.","Adjusted EBITDA $1.9M, down from $2.3M YoY; gross margin 56.5% vs 56.8%.","Q2 2024 guidance: revenue $10-11M and GAAP net loss per share $(0.14) to $(0.09).","CEO highlighted design wins with IBM for STT-MRAM in FlashCore Module and foundry services agreement."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-006390","json":"https://secwatch.observer/filing/0001558370-24-006390.json","markdown":"https://secwatch.observer/filing/0001558370-24-006390.md","text":"https://secwatch.observer/filing/0001558370-24-006390.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1438423/000155837024006390/0001558370-24-006390-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1438423/000155837024006390/mram-20240501x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T02:39:17.469420+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c436f749611c3c31b6dcd73bcfb761fed2a20c0d","claim":"EVERSPIN TECHNOLOGIES INC. reported first quarter ended March 31, 2024 results: revenue $14.4 million, net income GAAP net loss of $0.2 million, or $(0.01) per diluted share, EPS $(0.01) per diluted share.","evidence_excerpt":"expressly set forth by specific reference in such a filing. ​ --- EX-99.1 (EX-99.1) --- ​ Everspin Reports Unaudited First Quarter 2024 Financial Results ​ Q1’24 revenue of $14.4 million near high end of guidance range ​ Chandler, AZ, May 1, 2024 — Everspin Technologies, Inc. (NASDAQ: MRAM), the world’s leading developer and manufacturer of magnetoresistive","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1438423/000155837024006390/0001558370-24-006390-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$14.4 million"},{"label":"Net income","value":"GAAP net loss of $0.2 million, or $(0.01) per diluted share"},{"label":"EPS","value":"$(0.01) per diluted share"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}