secwatch.observer — SEC 8-K summary
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Issuer:     EVERSPIN TECHNOLOGIES INC. (MRAM)
CIK:        0001438423
Form:       8-K
Filed at:   2025-11-05T23:59:59+00:00
Accession:  0001628280-25-049548
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Everspin Q3 2025 revenue $14.1M (+17% YoY); GAAP EPS $0.00, non-GAAP $0.06; guides Q4 rev $14-15M
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- Revenue $14.1M, up from $12.1M YoY; MRAM product sales $12.7M vs $10.4M.
- GAAP net income $54k ($0.00 EPS) vs $2.3M ($0.10 EPS) YoY; non-GAAP net income $1.5M ($0.06 EPS) vs $3.8M ($0.17 EPS).
- Gross margin improved to 51.3% from 49.2%; cash $45.3M, up $3.2M since Dec 31, 2024.
- Q4 2025 guidance: revenue $14-15M, GAAP EPS $0.02-$0.07, non-GAAP EPS $0.08-$0.13.
- Strength in LEO satellite, casino gaming, and energy management applications.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1438423/000162828025049548/0001628280-25-049548-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1438423/000162828025049548/mram-20250930.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-049548

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