---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-005987"
form_type: "8-K"
ticker: "MRAM"
cik: "0001438423"
company_name: "EVERSPIN TECHNOLOGIES INC."
filed_at: "2025-04-30T23:59:59+00:00"
generated_at: "2026-05-23T02:13:17.305464+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-25-005987
- form_type: 8-K
- ticker: MRAM
- cik: 0001438423
- company_name: EVERSPIN TECHNOLOGIES INC.
- filed_at: 2025-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1438423/000155837025005987/0001558370-25-005987-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1438423/000155837025005987/mram-20250430x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-005987
- JSON: https://secwatch.observer/filing/0001558370-25-005987.json
- Plain text: https://secwatch.observer/filing/0001558370-25-005987.txt

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