---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-010474"
form_type: "8-K"
ticker: "MRAM"
cik: "0001438423"
company_name: "EVERSPIN TECHNOLOGIES INC."
filed_at: "2024-07-31T23:59:59+00:00"
generated_at: "2026-05-31T14:20:07.713802+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.72
calibrated_materiality_score: 0.72
confidence: "high"
source: SEC EDGAR
---

# Everspin Q2 revenue $10.6M (-32% YoY); GAAP net loss $0.12/share vs prior income $0.18

## Summary
- Total revenue $10.6M vs $15.7M YoY; MRAM product sales $9.9M vs $13.4M.
- GAAP net loss $2.5M ($0.12 basic loss) vs net income $3.9M ($0.18 diluted) in Q2 2023.
- Gross margin fell to 49.0% from 58.4% YoY; adjusted EBITDA loss $0.2M vs $5.4M.
- Q3 guidance: revenue $11.5-12.5M; GAAP net loss $0.05-0.10 per basic share.
- Management expects stronger H2 driven by STT-MRAM design wins in Europe and Asia.

## SEC filing metadata
- accession: 0001558370-24-010474
- form_type: 8-K
- ticker: MRAM
- cik: 0001438423
- company_name: EVERSPIN TECHNOLOGIES INC.
- filed_at: 2024-07-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.72
- calibrated_materiality_score: 0.72
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1438423/000155837024010474/0001558370-24-010474-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1438423/000155837024010474/mram-20240731x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-010474
- JSON: https://secwatch.observer/filing/0001558370-24-010474.json
- Plain text: https://secwatch.observer/filing/0001558370-24-010474.txt

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