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Everspin Technologies Inc (MRAM)
NASDAQ:MRAM
Earnings Data
Report Date
Aug 07, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.04Last Year’s EPS
-0.12Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 30, 2025
|% Change Since: 16.04%
|Next Earnings Date:Aug 07, 2025
Earnings Call Sentiment|Positive
Everspin's earnings call highlighted strong revenue and EPS performance, driven by product revenue and strategic partnerships, especially in the automotive and aerospace sectors. However, challenges were noted in licensing revenue and gross margin decline. The company's financial health remains strong, and there is cautious optimism about the second half of the year.Company Guidance
During Everspin Technologies' first quarter 2025 financial results call, the company reported revenue of $13.1 million, surpassing their guidance range of $12 million to $13 million. Everspin's non-GAAP earnings per share (EPS) were $0.02, which was above their guidance expectations. Product revenue was notably strong, particularly driven by the ongoing ramp-up of the PERSYST 1-gigabit STT-MRAM for IBM's Flash Core Module 4 in data center applications. The company also continued to benefit from collaborations with automotive manufacturers like Lucid Motors and Bugatti. Licensing, royalty, patent, and other revenue decreased to $2.1 million from $3.6 million in the first quarter of 2024, attributed to the lumpy nature of such projects. Gross margin was reported at 51.4%, consistent with previous quarters but down from 56.5% in Q1 2024 due to a lower mix of high-margin licensing revenue. Operating expenses were $8.7 million, slightly down from the prior year. Cash and cash equivalents stood at $42.2 million, with cash generated from operations reaching $1.4 million. Looking ahead, Everspin anticipates continued revenue strength in the second half of 2025, driven by typical seasonality and a steady ramp-up of new projects and collaborations across various sectors.Revenue and EPS Exceed Guidance
Everspin reported Q1 2025 revenue of $13.1 million and non-GAAP EPS of $0.02, both above the company's guidance range.
Strong Product Revenue
Product revenue, driven by PERSYST 1-gigabit STT-MRAM sales, exceeded expectations, with a consistent outlook for the remainder of the year.
Growth in Automotive Sector
Everspin's MRAM technology was integrated into Lucid Motors' Gravity SUV, marking the second model to use Everspin's solution.
Successful Licensing and Contracts
Everspin completed the first phase of a $9.25 million project with Frontgrade and signed a continuation with QuickLogic, demonstrating strong licensing and contract activity.
New Product Announcements
Everspin announced two new products in the xSPI family, meeting AEC-Q100 Grade 1 standards, with engineering samples available in June 2025.
Partnerships with Aerospace and Defense
Everspin continued its partnership with Blue Origin and ASO Digital for space missions, highlighting the reliability of its MRAM solutions.
Cash Flow and Financial Health
The company generated $1.4 million in operating cash flow, ending the quarter with $42.2 million in cash and cash equivalents, remaining debt-free.
MRAM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
MRAM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2025 | $5.30 | $5.92 | +11.70% |
Feb 26, 2025 | $5.69 | $5.61 | -1.41% |
Oct 30, 2024 | $6.82 | $6.18 | -9.38% |
Jul 31, 2024 | $6.21 | $6.03 | -2.90% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Everspin Technologies Inc (MRAM) report earnings?
Everspin Technologies Inc (MRAM) is schdueled to report earning on Aug 07, 2025, TBA Not Confirmed.
What is Everspin Technologies Inc (MRAM) earnings time?
Everspin Technologies Inc (MRAM) earnings time is at Aug 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MRAM EPS forecast?
MRAM EPS forecast for the fiscal quarter 2025 (Q2) is -0.04.