Everspin Technologies, Inc. (MRAM) Tops Q1 EPS by 5c

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Go back to Everspin Technologies, Inc. (MRAM) Tops Q1 EPS by 5c

Everspin Reports Unaudited First Quarter 2023 Financial Results

May 3, 2023 4:00 PM EDT

Everspin continues to generate profits and operational cash flow with solid first quarter results while paying off debt.

CHANDLER, Ariz.--(BUSINESS WIRE)-- Everspin Technologies, Inc. (NASDAQ: MRAM), the market leader in MRAM, today announced preliminary unaudited financial results for the first quarter ended March 31, 2023.

First Quarter 2023 Highlights

Q123 revenue came in at the top end of guidance at $14.8 million. The company reported net income of $0.8 million for Q123, compared to $0.6 million for Q422. Adjusted EBITDA for Q123 was $2.3 million, compared to $2.1 million for... More