MRAM Q1 2023 Earnings — Everspin Technologies, Inc. Revenue & Financial Results | Market Cap Arena

MRAMEverspin Technologies, Inc.

$215M

Q1 2023 Earnings

Technology Semiconductors

Income Statement

Revenue

$15M+3.5% YoY

Gross Profit

$8M56.8% margin

Operating Income

$696,0004.7% margin

Net Income

$761,0005.1% margin

EPS (Diluted)

$0.04

QoQ Revenue Growth

-5.4%

Cash Flow

Operating Cash Flow

$1M

Free Cash Flow

$193,000

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$52M

Total Liabilities

$12M

Stockholders' Equity

$41M

Cash & Equivalents

$24M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$15M	$14M	+3.5%
Gross Profit	$8M	$8M	+1.3%
Operating Income	$696,000	$2M	-65.6%
Net Income	$761,000	$2M	-60.7%

Revenue Segments

Product sales

$14M93%

Licensing

$918,0006%

Royalties

$93,0001%

Other revenue

$58,0000%

Geographic Segments

APAC

$8M51%

EMEA

$4M29%

North America

$3M20%