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Jun 30, 2020
Everspin Q2 2020 Earnings Report
Everspin achieved sequential growth driven by record STT-MRAM revenue.
Key Takeaways
Everspin Technologies reported a 37% year-over-year increase in revenue, reaching $11.8 million, driven by record STT-MRAM revenue. The company's GAAP loss improved to $1.3 million, and non-GAAP loss improved to $0.4 million. They ended the quarter with $12.9 million in cash and equivalents.
Total revenue increased 37% year-over-year and 17% sequentially to $11.8 million
GAAP loss improved to $1.3 million, or ($0.07) per share, and non-GAAP loss to $0.4 million, or ($0.02)
Achieved positive adjusted EBITDA of $0.2 million
Ended quarter with cash and equivalents of $12900000
Revenue by Segment
Forward Guidance
For the third quarter of 2020, Everspin expects total revenue of between $10.0 million and $10.8 million, compared to $9.2 million in the year-ago quarter. GAAP net loss is expected to range between ($0.11) and ($0.05) per share. Excluding stock-based compensation expense of $0.05 per share, non-GAAP net loss is expected to range between a loss of ($0.06) per share and breakeven.
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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