Everspin Q1 revenue $13.1M, net loss $1.2M; Q2 guidance $12.5-13.5M

EVERSPIN TECHNOLOGIES INC.

2025-Q1 EPS reported -$0.05 revenue$13,138,000

Total revenue $13.1M, down 9% YoY; product revenue $11.0M flat, licensing revenue $2.1M down 42%.
GAAP net loss $1.2M ($0.05 loss/share) vs net loss $0.2M in Q1 2024; non-GAAP net income $0.4M ($0.02/share) vs $1.5M.
Gross margin 51.4% vs 56.5% YoY; operating expenses $8.7M flat.
Q2 2025 guidance: revenue $12.5M-$13.5M; GAAP EPS ($0.05)-$0.00; non-GAAP EPS $0.00-$0.05.
No tariff impact in Q1; new Orion xSPI products for aerospace/defense; cash $42.2M.

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