secwatch.observer — SEC 8-K summary
======================================

Issuer:     EVERSPIN TECHNOLOGIES INC. (MRAM)
CIK:        0001438423
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001558370-24-013941
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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+.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1438423/000155837024013941/0001558370-24-013941-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1438423/000155837024013941/mram-20241030x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-013941

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer