secwatch.observer — SEC 8-K summary
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Issuer:     EVERSPIN TECHNOLOGIES INC. (MRAM)
CIK:        0001438423
Form:       8-K
Filed at:   2026-03-04T23:59:59+00:00
Accession:  0001628280-26-014611
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Everspin Q4 2025 revenue $14.8M, up 12% YoY; full-year GAAP net loss $0.6M
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- Total revenue $14.8M (Q4), $55.2M (FY), up 10% YoY; MRAM product sales $13.5M (Q4), $48.3M (FY).
- GAAP net income $1.2M ($0.05/diluted) in Q4; full-year GAAP net loss $0.6M ($(0.03)/diluted).
- Non-GAAP net income $2.6M ($0.11/diluted) in Q4; full-year $5.2M ($0.22/diluted), down from $7.5M ($0.34) in 2024.
- 238 design wins in 2025, up from 178 in 2024; CEO expects ramp to production in 2026-2027.
- Q1 2026 guidance: revenue $14–15M, GAAP EPS ($0.03)–$0.02, non-GAAP EPS $0.07–0.12.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1438423/000162828026014611/0001628280-26-014611-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1438423/000162828026014611/mram-20260304.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-014611

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