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Everspin Technologies Inc (MRAM)
:MRAM
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.05Last Year’s EPS
-0.01Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: -8.08%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture. While Everspin demonstrated strong fourth quarter results, design wins, and partnerships, the full year results showed a decline in revenue, decreased licensing income, and lower gross margins. The guidance for Q1 2025 projects a loss, reflecting ongoing challenges. However, the company's strong cash position and ongoing projects provide a positive outlook for the future.Company Guidance
In the Everspin Technologies conference call, the management provided guidance for the first quarter of 2025, projecting total revenue in the range of $12 million to $13 million. They anticipate a GAAP net loss per basic share between a loss of $0.10 and $0.05, while on a non-GAAP basis, they expect net loss per basic share to be between $0.05 to break even. The guidance reflects a cautious outlook due to typical seasonality and ongoing inventory adjustments in the Asian markets. Additionally, Everspin plans to shift their non-GAAP metrics from adjusted EBITDA to non-GAAP EPS to better align with industry standards. The call also highlighted the company's strategic focus on scaling their business and converting design wins into revenue, with a particular emphasis on RadHard projects and collaborations, such as the one with Purdue University, which is expected to generate revenue over the four-year duration of the project.Strong Fourth Quarter Performance
Everspin reported fourth quarter revenue of $13.2 million, above expectations, and EPS of $0.05, at the high end of guidance. Strengths in product revenue and RadHard projects contributed to this outperformance.
Significant Design Wins
The company achieved a total of 178 design wins in 2024, demonstrating strong momentum in product adoption across industries such as aerospace, military, and automotive.
Successful Partnership with Lattice Semiconductor
Everspin's 4-megabit to 128-megabit STT-MRAM persist family was validated for configuration across all Lattice Semiconductor FPGAs, enhancing its role as a reliable configuration memory device.
Strong Cash Position
The company ended the quarter with $42.1 million in cash and cash equivalents, up $2.5 million from the previous quarter, maintaining a debt-free status.
Ongoing RadHard Projects
Continued progress on RadHard projects, including a significant contract with Purdue University to advance AI hardware, and ongoing revenue recognition from a $9.25 million Frontgrade Technologies project.
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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
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MRAM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| 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% |
| May 01, 2024 | $7.49 | $6.51 | -13.08% |
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.
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FAQ
When does Everspin Technologies Inc (MRAM) report earnings?
Everspin Technologies Inc (MRAM) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Everspin Technologies Inc (MRAM) earnings time?
Everspin Technologies Inc (MRAM) earnings time is at Apr 30, 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 (Q1) is -0.05.
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