A Business at a Glance
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We are a pioneer in the successful commercialization of Magnetoresistive Random Access Memory (MRAM) technology. Our portfolio of MRAM technologies, including Toggle MRAM, Tunnel Magneto Resistance (TMR) Sensors, and Spin-transfer Torque MRAM (STT-MRAM), is delivering superior performance, persistence and reliability in non-volatile memories that transform how mission-critical data is protected against power loss. With over 20 years of MRAM technology and manufacturing leadership, our memory solutions deliver significant value to our customers in key markets such as industrial, medical, automotive/transportation, aerospace and defense, and data center. We are the leading supplier of discrete MRAM components and a successful licensor of our broad portfolio of related technology and intellectual property. We sell our products directly and through our established distribution channels to industry-leading original equipment manufacturers (OEMs) and original design manufacturers (ODMs).
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 55M | 55M | 50M | 64M | 60M | 55M |
| Net Income | -586K | -586K | 781K | 9.1M | 6.1M | 4.3M |
| EPS | $-0.03 | $-0.03 | $0.04 | $0.42 | $0.29 | $0.22 |
| Free Cash Flow | 3.1M | 3.1M | 4.0M | 12M | 6.7M | 8.3M |
| ROIC | -18.3% | -0.9% | 1.2% | 10.9% | 16.1% | 18.5% |
| Gross Margin | 51.2% | 51.2% | 51.8% | 58.4% | 56.6% | 60.0% |
| Debt/Equity | 0.05 | 0.05 | 0.09 | 0.05 | 0.20 | 0.30 |
| Dividends/Share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Operating Income | -6.5M | -6.5M | -7.1M | 5.9M | 6.2M | 5.0M |
| Operating Margin | -11.8% | -11.8% | -14.1% | 9.2% | 10.4% | 9.1% |
| ROE | -0.9% | -0.9% | 1.2% | 16.8% | 15.9% | 15.9% |
| Shares Outstanding | 20M | 20M | 20M | 22M | 21M | 20M |
EVERSPIN TECHNOLOGIES INC. passes 1 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 42.9x vs a median of 21.8x. The company's 5-year average ROIC is 9.2% with a gross margin of 55.6%. At current prices, the estimated annualized return to fair value is +28.9%.
EVERSPIN TECHNOLOGIES INC. (MRAM) has a 5-year average return on invested capital (ROIC) of 9.2%. This is below average and may indicate limited pricing power.
EVERSPIN TECHNOLOGIES INC. (MRAM) has a market capitalization of $227M. It is classified as a small-cap stock.
EVERSPIN TECHNOLOGIES INC. (MRAM) does not currently pay a regular dividend.
EVERSPIN TECHNOLOGIES INC. (MRAM) operates in the Semiconductors & Related Devices industry, within the Technology sector.
EVERSPIN TECHNOLOGIES INC. (MRAM) reported annual revenue of $55 million in its most recent fiscal year, based on SEC EDGAR filings.
EVERSPIN TECHNOLOGIES INC. (MRAM) has a net profit margin of -1.1%. The company is currently unprofitable.
EVERSPIN TECHNOLOGIES INC. (MRAM) generated $3 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
EVERSPIN TECHNOLOGIES INC. (MRAM) has a debt-to-equity ratio of 0.05. This indicates a conservatively financed balance sheet.
EVERSPIN TECHNOLOGIES INC. (MRAM) reported earnings per share (EPS) of $-0.03 in its most recent fiscal year.
EVERSPIN TECHNOLOGIES INC. (MRAM) has a return on equity (ROE) of -0.9%. A negative ROE may indicate losses or negative equity.
EVERSPIN TECHNOLOGIES INC. (MRAM) has a 5-year average gross margin of 55.6%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 11 years of financial data for EVERSPIN TECHNOLOGIES INC. (MRAM), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
EVERSPIN TECHNOLOGIES INC. (MRAM) has a book value per share of $3.53, based on its most recent annual SEC filing.