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Jun 30, 2021
Everspin Q2 2021 Earnings Report
Everspin achieved its first quarter with net income and revenue increased slightly.
Key Takeaways
Everspin Technologies reported its Q2 2021 financial results, marking the first time in company history with GAAP net income positive for a quarter. Total revenue for the second quarter of 2021 was $11.85 million, relatively flat compared to Q2 2020. The company ended the quarter with $14.2 million in cash and cash equivalents.
Q2’21 revenue increased 15% from the prior quarter to $11.85 million.
Q2’21 revenue was relatively flat to Q2’20 Revenue of $11.83 million.
The Company reported net income of $256k for Q2’21.
Ended Q2’21 with cash and equivalents of $14.2 million.
Revenue by Segment
Forward Guidance
For the third quarter of 2021, Everspin expects total revenue in a range between $11.7 million and $12.7 million. GAAP net loss per share is expected to range between ($0.04) and ($0.07) 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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