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Sep 30, 2024
Everspin Q3 2024 Earnings Report
Revenue was in line with guidance and EPS exceeded guidance.
Key Takeaways
Everspin Technologies reported third-quarter revenue in line with guidance and GAAP net income per diluted share ahead of guidance, driven by new contract wins and cost containment efforts. The company remains focused on scaling its business and converting additional design wins to revenue.
Total revenue was $12.1 million, compared to $16.5 million in the third quarter of 2023.
MRAM product sales were $10.4 million, compared to $13.5 million in the third quarter of 2023.
Licensing, royalty, patent, and other revenue was $1.7 million, compared to $2.9 million in the third quarter of 2023.
GAAP net income was $2.3 million, or $0.10 per diluted share, compared to net income of $2.4 million, or $0.11 per diluted share, in the third quarter of 2023.
Revenue by Segment
Forward Guidance
For the fourth quarter 2024, Everspin expects total revenue in a range of $12 million to $13 million and GAAP net income per diluted share to be between $0.00 and $0.05.
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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