MRAM Q2 2024 Earnings — Everspin Technologies, Inc. Revenue & Financial Results | Market Cap Arena

MRAMEverspin Technologies, Inc.

$215M

Q2 2024 Earnings

Technology Semiconductors

Income Statement

Revenue

$11M-32.5% YoY

Gross Profit

$5M49.0% margin

Operating Income

-$3M-26.5% margin

Net Income

-$3M-23.5% margin

EPS (Diluted)

$-0.12

QoQ Revenue Growth

-26.3%

Cash Flow

Operating Cash Flow

$2M

Free Cash Flow

$2M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$65M

Total Liabilities

$9M

Stockholders' Equity

$55M

Cash & Equivalents

$37M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$11M	$16M	-32.5%
Gross Profit	$5M	$9M	-43.3%
Operating Income	-$3M	$2M	-273.7%
Net Income	-$3M	$4M	-164.4%

Revenue Segments

Product

$10M93%

License

$306,0003%

Product and Service, Other

$268,0003%

Royalty

$175,0002%

Geographic Segments

Asia Pacific

$6M59%

North America

$3M29%

EMEA

$1M12%