MRAM Q1 2024 Earnings — Everspin Technologies, Inc. Revenue & Financial Results | Market Cap Arena

MRAMEverspin Technologies, Inc.

$215M

Q1 2024 Earnings

Technology Semiconductors

Income Statement

Revenue

$14M-2.8% YoY

Gross Profit

$8M56.5% margin

Operating Income

-$600,000-4.2% margin

Net Income

-$202,000-1.4% margin

EPS (Diluted)

$-0.01

QoQ Revenue Growth

-13.6%

Cash Flow

Operating Cash Flow

-$1M

Free Cash Flow

-$2M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$66M

Total Liabilities

$10M

Stockholders' Equity

$56M

Cash & Equivalents

$35M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$14M	$15M	-2.8%
Gross Profit	$8M	$8M	-3.2%
Operating Income	-$600,000	$696,000	-186.2%
Net Income	-$202,000	$761,000	-126.5%

Revenue Segments

Product sales

$11M75%

Licensing

$3M22%

Other revenue

$242,0002%

Royalties

$107,0001%

Geographic Segments

APAC

$7M48%

North America

$5M33%

EMEA

$3M19%