Everspin Technologies (MRAM) AI Stock Analysis

• Market Cap: $233.49M
• Dividend Yield: N/A
• Average Volume (3M): 363.87K
• Price to Earnings (P/E): 139.7
• Beta (1Y): 1.08
• Revenue Growth: -11.27%
• EPS Growth: -9.20%
• Country: US
• Employees: 86
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): -0.03
• Shares Outstanding: 22,625,107
• 10 Day Avg. Volume: 438,286
• 30 Day Avg. Volume: 363,873
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.45
• Enterprise Value/Revenue: 2.05
• Enterprise Value/Gross Profit: 4.03
• Enterprise Value/Ebitda: 84.26
• 1Y Price Target: $8.50
• Price Target Upside: -19.96% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 71 Outperform
• Price Target: $11.00 ▲(3.58% Upside)

Everspin Technologies' strong financial stability and positive earnings call performance are key strengths, but high valuation and profitability challenges weigh on the overall score. The bullish technical indicators provide a positive outlook, but the high P/E ratio suggests caution.

Positive Factors

Strong Cash Flow Management

Robust cash flow management with increased operational cash flow ensures financial flexibility and supports long-term strategic investments.

Growth in Key Sectors

Significant growth in data center and industrial automation sectors indicates strong demand and positions Everspin well in expanding markets.

Strong Balance Sheet

A strong balance sheet with low leverage provides financial stability and the ability to withstand economic fluctuations.

Negative Factors

Profitability Challenges

Ongoing profitability challenges with negative EBIT margins may limit reinvestment capacity and affect long-term growth potential.

Slight Decline in Gross Margin

A slight decline in gross margin could signal increasing cost pressures, impacting profitability and competitive pricing strategies.

Delayed New Product Contributions

Delays in new product contributions may hinder revenue growth and market competitiveness in the near term, affecting strategic positioning.

Everspin Technologies Business Overview & Revenue Model

Company Description

Everspin Technologies, Inc. manufactures and sells magnetoresistive random access memory (MRAM) products in the United States, Hong Kong, Japan, China, Canada, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and tunnel magneto resistance sensor products, as well as foundry services for embedded MRAM. The company provides its products for applications, including data center, industrial, medical, automotive/transportation, and aerospace markets. It serves original equipment manufacturers and original design manufacturers through a direct sales channel and a network of representatives and distributors. Everspin Technologies, Inc. was incorporated in 2008 and is headquartered in Chandler, Arizona.

How the Company Makes Money

Everspin generates revenue primarily through the sale of its MRAM products, which include both standalone chips and embedded memory solutions. The company has established key partnerships with major players in the semiconductor industry, enabling it to integrate its technology into a variety of applications across automotive, industrial automation, and computing sectors. Significant revenue streams come from direct sales to original equipment manufacturers (OEMs) and distributors, as well as licensing agreements for its proprietary MRAM technology. The company also benefits from government contracts and grants aimed at promoting advanced semiconductor technologies, further contributing to its earnings.

Everspin Technologies Financial Statement Overview

Summary

Everspin Technologies shows a mixed financial performance with strong operational cash flows and a well-capitalized balance sheet. However, challenges in declining revenues and profitability issues are evident, with a negative net profit margin and revenue contraction.

Income Statement

Everspin Technologies showed a challenging financial period with a declining revenue trend over the TTM (Trailing-Twelve-Months). The Gross Profit Margin is healthy at 50.3%, but the company is struggling with profitability as indicated by a negative Net Profit Margin of -0.25% and negative EBIT Margin of -17.15%. EBITDA Margin remains slightly positive at 0.70%, highlighting some operational efficiency. Revenue growth has been negative, indicating contraction and pressure on expansion.

Balance Sheet

The company has a solid equity position with an Equity Ratio of 78.57%, indicating a strong capitalization structure. The Debt-to-Equity Ratio is low at 0.07, showing a low reliance on debt financing which reduces financial risk. However, Return on Equity is negative, reflecting the impact of negative net income on shareholder returns.

Cash Flow

The cash flow situation is moderately positive with an Operating Cash Flow to Net Income Ratio of 79.94, indicating robust cash operations relative to net income. Free Cash Flow to Net Income Ratio stands at 57.43, underscoring positive cash generation capability. However, Free Cash Flow Growth has been inconsistent, showing a decrease in the latest TTM compared to the previous year.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	51.67M	50.40M	63.77M	59.98M	55.15M	42.03M
Gross Profit	26.27M	26.13M	37.24M	33.95M	33.07M	18.09M
EBITDA	1.26M	2.47M	7.09M	7.40M	6.35M	-5.61M
Net Income	1.66M	781.00K	9.05M	6.13M	4.34M	-8.51M
Balance Sheet
Total Assets	78.92M	77.79M	67.30M	55.33M	39.44M	32.53M
Cash, Cash Equivalents and Short-Term Investments	44.96M	42.10M	36.95M	26.80M	21.41M	14.60M
Total Debt	4.00M	4.64M	5.58M	9.30M	5.75M	10.40M
Total Liabilities	14.85M	15.20M	13.38M	16.67M	12.21M	15.12M
Stockholders Equity	64.08M	62.59M	53.92M	38.66M	27.24M	17.41M
Cash Flow
Free Cash Flow	8.40M	4.05M	11.72M	6.71M	8.33M	-3.24M
Operating Cash Flow	13.13M	7.10M	13.13M	9.49M	9.36M	-2.92M
Investing Cash Flow	-5.70M	-3.06M	-1.39M	-2.59M	-1.03M	-320.00K
Financing Cash Flow	771.00K	1.11M	-1.59M	-1.52M	-1.52M	3.35M

Everspin Technologies Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 10.62
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MRAM, the sentiment is Positive. The current price of 10.62 is below the 20-day moving average (MA) of 10.63, above the 50-day MA of 8.43, and above the 200-day MA of 6.51, indicating a neutral trend. The MACD of 0.54 indicates Positive momentum. The RSI at 55.99 is Neutral, neither overbought nor oversold. The STOCH value of 29.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MRAM.

Everspin Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NVEC	77 Outperform	$349.10M	25.26	22.20%	5.54%	-9.48%	-14.28%
MRAM	71 Outperform	$233.49M	139.74	2.76%	―	-11.27%	-9.20%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
AXTI	57 Neutral	$238.93M	-10.98	-12.56%	―	-2.63%	-78.66%
XPER	54 Neutral	$311.33M	―	-0.92%	―	-6.09%	97.33%
ALMU	53 Neutral	$283.60M	―	-29.96%	―	407.86%	36.73%
ATOM	42 Neutral	$90.20M	-4.86	-100.22%	―	-92.34%	8.99%

Everspin Technologies Corporate Events

Everspin Technologies’ Earnings Call Highlights Growth and Optimism

Everspin Technologies’ recent earnings call reflected a generally positive sentiment, underscored by strong revenue performance and growth in key sectors such as data center and industrial automation. The company showcased significant improvements in non-GAAP earnings and cash flow, highlighting effective financial management. Despite minor challenges in maintaining gross margin levels and improving product yields, the positive aspects significantly overshadowed the lowlights.

Everspin Technologies Reports Strong Q2 2025 Results

Everspin Technologies, Inc., headquartered in Chandler, Arizona, is a leading provider of magnetoresistive random access memory (MRAM) solutions, catering to industries such as industrial IoT and data centers with its high-performance non-volatile memory products.