Everspin Q4 revenue $13.2M, EPS $0.05; full-year revenue $50.4M, down 21%

EVERSPIN TECHNOLOGIES INC.

2024-FY EPS reported $0.04 revenue$50,402,000

Q4 2024 total revenue $13.2M, down 21% from $16.7M in Q4 2023.
GAAP net income $1.2M ($0.05 diluted EPS) vs $2.0M ($0.09) a year ago.
MRAM product sales $11.0M (Q4) and $42.2M (FY), down from $12.4M and $53.1M.
Licensing & other revenue fell to $2.2M (Q4) and $8.2M (FY) from $4.3M and $10.6M.
Q1 2025 guidance: revenue $12-13M; GAAP net loss per basic share $(0.10)-$(0.05).

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