---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-013941"
form_type: "8-K"
ticker: "MRAM"
cik: "0001438423"
company_name: "EVERSPIN TECHNOLOGIES INC."
filed_at: "2024-10-30T23:59:59+00:00"
generated_at: "2026-05-30T08:11:47.232186+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Everspin Q3 revenue $12.1M in-line, EPS $0.10 beats guidance; Q4 revenue guidance $12M-$13M

## Summary
- Q3 2024 revenue $12.1M (down 27% YoY from $16.5M); GAAP EPS $0.10 exceeded guidance.
- MRAM product sales $10.4M (vs $13.5M); licensing/other revenue $1.7M (vs $2.9M).
- Gross margin 49.2% (down from 60.2%); GAAP net income $2.3M vs $2.4M YoY.
- Adjusted EBITDA $4.2M (vs $4.0M); Q4 guidance revenue $12M-$13M, GAAP EPS $0.00-$0.05.
- New contracts won in Q3; PERSYST xSPI STT-MRAM revenue expected in 2025+.

## SEC filing metadata
- accession: 0001558370-24-013941
- form_type: 8-K
- ticker: MRAM
- cik: 0001438423
- company_name: EVERSPIN TECHNOLOGIES INC.
- filed_at: 2024-10-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1438423/000155837024013941/0001558370-24-013941-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1438423/000155837024013941/mram-20241030x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-013941
- JSON: https://secwatch.observer/filing/0001558370-24-013941.json
- Plain text: https://secwatch.observer/filing/0001558370-24-013941.txt

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