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Everspin Q1 2025 Earnings Report
Everspin reported unaudited financial results for the first quarter ended March 31, 2025, with total revenue of $13.1 million and a GAAP net loss of $1.2 million.
Key Takeaways
Everspin Technologies, Inc. reported a total revenue of $13.1 million for the first quarter of 2025, a decrease from $14.4 million in the same period last year. The company posted a GAAP net loss of $1.2 million, or $(0.05) per diluted share, compared to a net loss of $0.2 million, or $(0.01) per diluted share, in Q1 2024. Non-GAAP net income was $0.4 million, or $0.02 per diluted share.
Total revenue for Q1 2025 was $13.1 million, a decrease from $14.4 million in Q1 2024.
GAAP net loss was $1.2 million, or $(0.05) per diluted share, in Q1 2025.
Non-GAAP net income was $0.4 million, or $0.02 per diluted share, in Q1 2025.
Cash and cash equivalents increased to $42.2 million as of March 31, 2025.
Revenue by Segment
Forward Guidance
For the second quarter of 2025, Everspin expects total revenue to be in the range of $12.5 million to $13.5 million. GAAP net (loss) income per basic share is anticipated to be between $(0.05) and $0.00, while Non-GAAP net income per basic share is expected to be between $0.00 and $0.05.
Positive Outlook
- Expected total revenue range of $12.5 million to $13.5 million for Q2 2025.
- Non-GAAP net income per basic share anticipated to be between $0.00 and $0.05.
- No tariff-related impact on Q1 results, and no potential impact from tariffs included in Q2 guidance.
- Continued focus on prudent expense management.
- Consistency of the team's execution.
Challenges Ahead
- GAAP net (loss) income per basic share expected to be between $(0.05) and $0.00 for Q2 2025.
- Uncertainty regarding and potential variability of expenses for non-GAAP reconciliation.
- Stock-based compensation-related charges are difficult to predict and subject to constant change.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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