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Mar 31, 2020
Everspin Q1 2020 Earnings Report
Everspin's Q1 2020 results were announced, with revenue exceeding the high end of guidance and a significant improvement in EPS.
Key Takeaways
Everspin Technologies reported Q1 2020 financial results, with revenue at $10.1 million, exceeding the high-end of guidance. The company's GAAP loss per share improved to ($0.10), and non-GAAP loss per share improved to ($0.05).
Total revenue increased sequentially and year-over-year to $10.1 million, exceeding the high-end of guidance.
Gross margin expanded to 52.9% from 47.7% in the prior year quarter.
GAAP loss improved to ($0.10) per share and non-GAAP loss to ($0.05), compared to ($0.25) and ($0.21), respectively, in year-ago quarter.
Ended quarter with cash and equivalents of $14.0 million.
Revenue by Segment
Forward Guidance
For the second quarter of 2020, Everspin expects total revenue to increase to a range of $11.5 million and $12.5 million. GAAP net loss is expected to range between ($0.12) and ($0.05) per share. Non-GAAP net loss is expected to range between ($0.06) and ($0.00) per share.
Positive Outlook
- Expects total revenue to increase to a range of $11.5 million and $12.5 million.
- GAAP net loss is expected to range between ($0.12) and ($0.05) per share.
- Excluding stock-based compensation expense, non-GAAP net loss is expected to range between ($0.06) and ($0.00) per share.
- Weighted-average share count of 18.6 million shares outstanding.
- Expects another quarter of sequential revenue growth.
Challenges Ahead
- Cautiously monitor the global environment.
- Remain prepared to promptly address any possible changes in market dynamics.
- GAAP net loss is expected to range between ($0.12) and ($0.05) per share.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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