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Dec 31, 2020
Everspin Q4 2020 Earnings Report
Reported preliminary unaudited financial results for the fourth quarter and full year ended December 31, 2020.
Key Takeaways
Everspin Technologies reported Q4 2020 revenue of $10.0 million, a GAAP gross margin of 52.3%, and a GAAP net loss of $1.6 million, or ($0.08) per share. The company is driving critical R&D programs and key business initiatives, and believes that they are positioned for profitable growth.
Total revenue for the fourth quarter of 2020 was $10.0 million, compared to $9.7 million in the fourth quarter of 2019.
GAAP gross margin for the fourth quarter of 2020 was 52.3%, compared to 53.6% in the fourth quarter of 2019.
GAAP net loss for the fourth quarter of 2020 was $1.6 million, or ($0.08) per share.
Cash and cash equivalents as of December 31, 2020 increased to $14.6 million.
Forward Guidance
For the first quarter of 2021, Everspin expects total revenue in a range between $10.0 million and $10.8 million. GAAP net loss per share is expected to range between ($0.12) and ($0.06) per share, which reflects expected stock-based compensation expense of approximately $1.0 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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