Loading...
•
Dec 31, 2023
Everspin Q4 2023 Earnings Report
Q4 2023 revenue reached $16.7 million and EPS was $0.09, exceeding guidance. Record annual revenue and profitability were achieved.
Key Takeaways
Everspin Technologies reported strong Q4 2023 results, exceeding expectations with revenue of $16.7 million and EPS of $0.09. The company achieved record annual revenue and profitability in 2023, driven by operational excellence and 217 design wins.
Total revenue for Q4 2023 was $16.7 million, a 6% increase from $15.7 million in Q4 2022.
MRAM product sales were $12.4 million, compared to $14.6 million in Q4 2022.
Licensing, royalties, patents, and other revenue reached $4.3 million, up from $1.1 million in Q4 2022.
GAAP net income was $2.0 million, or $0.09 per diluted share, compared to $0.6 million, or $0.03 per diluted share, in Q4 2022.
Revenue by Segment
Forward Guidance
For the first quarter 2024, Everspin expects total revenue in a range of $13.5 million to $14.5 million and GAAP net income per diluted share to be between breakeven 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
Loading earnings performance data...
Loading earnings reaction data...