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Dec 31, 2024
Everspin Q4 2024 Earnings Report
Everspin Technologies, Inc. reported its financial results for the fourth quarter and full year ended December 31, 2024.
Key Takeaways
Everspin Technologies, Inc. reported fourth quarter revenue of $13.2 million, exceeding expectations, and earnings per share at the high end of their guidance range. The company achieved 178 design wins in 2024, indicating strong future growth opportunities.
Total revenue for Q4 2024 was $13.2 million, compared to $16.7 million in Q4 2023.
GAAP net income for Q4 2024 was $1.2 million, or $0.05 per diluted share.
Adjusted EBITDA for Q4 2024 was $3.2 million, compared to $3.6 million in Q4 2023.
Cash and cash equivalents increased to $42.1 million as of December 31, 2024.
Revenue by Segment
Forward Guidance
For the first quarter of 2025, Everspin expects total revenue to be between $12 million and $13 million, with GAAP net loss per basic share ranging from $(0.10) to $(0.05). Non-GAAP net (loss) income per basic share is anticipated to be between $(0.05) and $0.00.
Positive Outlook
- Expected total revenue for Q1 2025 is between $12 million and $13 million.
- Anticipated non-GAAP net (loss) income per basic share between $(0.05) and $0.00.
- Company is excited about opportunities to expand reach in NOR flash, SRAM, and storage markets.
- Balance sheet remains strong.
- Commitment to maintaining financial discipline while scaling the business.
Challenges Ahead
- Expected GAAP net loss per basic share for Q1 2025 is between $(0.10) and $(0.05).
- Reconciliation of non-GAAP guidance to GAAP measures is not available due to uncertainty of future expenses.
- Stock-based compensation charges are subject to variability due to employee stock transactions and market value.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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