secwatch.observer — SEC 8-K summary
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Issuer:     EVERSPIN TECHNOLOGIES INC. (MRAM)
CIK:        0001438423
Form:       8-K
Filed at:   2025-04-30T23:59:59+00:00
Accession:  0001558370-25-005987
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1438423/000155837025005987/0001558370-25-005987-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1438423/000155837025005987/mram-20250430x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-005987

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