A Business at a Glance
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EVERSPIN TECHNOLOGIES INC.
MRAM
$295M
Mkt Cap
$15.09
-9.10%
EVERSPIN TECHNOLOGIES INC. (MRAM) has a 5-year average return on invested capital (ROIC) of 24.5%. This indicates strong capital allocation and a potential competitive advantage.
EVERSPIN TECHNOLOGIES INC. (MRAM) has a market capitalization of $352M. 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.
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 | 57M | 55M | 50M | 64M | 60M | 55M |
| Net Income | 284K | -586K | 781K | 9.1M | 6.1M | 4.3M |
| EPS | $0.01 | $-0.03 | $0.04 | $0.42 | $0.29 | $0.22 |
| Free Cash Flow | -1.2M | 3.1M | 4.0M | 12M | 6.7M | 8.3M |
| ROIC | -17.3% | -0.9% | 1.3% | 32.1% | 45.0% | 45.1% |
| Gross Margin | 51.5% | 51.2% | 51.8% | 58.4% | 56.6% | 60.0% |
| Debt/Equity | 0.02 | 0.03 | 0.06 | 0.05 | 0.13 | 0.21 |
| Dividends/Share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Operating Income | -7.3M | -6.5M | -7.1M | 5.9M | 6.2M | 5.0M |
| Operating Margin | -12.8% | -11.8% | -14.1% | 9.2% | 10.4% | 9.1% |
| ROE | 0.4% | -0.9% | 1.3% | 19.6% | 18.6% | 19.5% |
| Shares Outstanding | 23M | 20M | 20M | 22M | 21M | 20M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 25M | 27M | 27M | 36M | 49M | 38M | 42M | 55M | 60M | 64M | 50M | 55M | 57M |
| Gross Margin | 52.6% | 52.7% | 54.3% | 59.8% | 51.3% | 48.9% | 43.0% | 60.0% | 56.6% | 58.4% | 51.8% | 51.2% | 51.5% |
| R&D | 13M | 21M | 19M | 25M | 24M | 14M | 11M | 13M | 11M | 12M | 14M | 14M | 14M |
| SG&A | 7.1M | 6.6M | 7.3M | 12M | 13M | 12M | 11M | 11M | 12M | 14M | 14M | 15M | 16M |
| EBIT | -9.9M | -18M | -16M | -20M | -17M | -14M | -7.6M | 5.0M | 6.2M | 5.9M | -7.1M | -6.5M | -7.3M |
| Op. Margin | -39.8% | -66.1% | -57.3% | -56.2% | -35.1% | -38.4% | -18.0% | 9.1% | 10.4% | 9.2% | -14.1% | -11.8% | -12.8% |
| Net Income | -10M | -18M | -17M | -21M | -18M | -15M | -8.5M | 4.3M | 6.1M | 9.1M | 781K | -586K | 284K |
| Net Margin | -40.9% | -68.5% | -61.7% | -58.7% | -35.9% | -39.1% | -20.3% | 7.9% | 10.2% | 14.2% | 1.5% | -1.1% | 0.5% |
| Non-Recurring | 0 | 0 | -80K | 0 | -19K | 762K | -30K | 0 | 167K | 15K | 0 | 25K | 25K |
| Returns on Capital | |||||||||||||
| ROIC | N/A | -160.0% | -37.4% | -84.1% | -70.3% | -51.4% | -36.4% | 45.1% | 45.0% | 32.1% | 1.3% | -0.9% | -17.3% |
| ROE | 20.4% | 29.1% | 76.7% | -111.8% | -99.2% | -67.6% | -47.4% | 19.5% | 18.6% | 19.6% | 1.3% | -0.9% | 0.4% |
| ROA | N/A | -326.4% | -63.7% | -57.9% | -46.4% | -36.5% | -25.1% | 12.1% | 12.9% | 14.8% | 1.1% | -0.7% | 0.3% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | -7.9M | -11M | -19M | -19M | -15M | -8.1M | -2.9M | 9.4M | 9.5M | 13M | 7.1M | 10.0M | 9.1M |
| Free Cash Flow | -8.5M | -12M | -20M | -22M | -17M | -9.0M | -3.2M | 8.3M | 6.7M | 12M | 4.0M | 3.1M | -1.2M |
| Owner Earnings | -10M | -12M | -21M | -22M | -19M | -13M | -8.9M | 4.7M | 4.1M | 6.9M | -1.3M | 972K | -12M |
| CapEx | 525K | 1.3M | 1.0M | 3.1M | 1.9M | 861K | 320K | 1.0M | 2.8M | 1.4M | 3.0M | 6.8M | 10M |
| Maint. CapEx | 1.5M | 1.3M | 826K | 1.2M | 1.4M | 1.7M | 2.0M | 1.5M | 982K | 1.2M | 1.7M | 3.2M | 15M |
| Growth CapEx | 0 | 0 | 214K | 1.9M | 464K | 0 | 0 | 0 | 1.8M | 199K | 1.3M | 3.6M | 0 |
| D&A | 1.5M | 1.3M | 826K | 1.2M | 1.4M | 1.7M | 2.0M | 1.5M | 982K | 1.2M | 1.7M | 3.2M | 15M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 11.0% | 29.4% | 10.7% | 42.9% | N/A | 113.1% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 0.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | 0.0% |
| Stock-Based Comp | 799K | 416K | 1.1M | 2.0M | 2.7M | 3.6M | 4.0M | 3.2M | 4.4M | 5.0M | 6.7M | 5.8M | 5.5M |
| Debt Repayment | 281K | 3.0M | 1.3M | 8.4M | 1.0M | 4.8M | 0 | 3.4M | 2.4M | 2.8M | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | N/A | 5.6M | -22M | -785K | -11M | -3.2M | -4.2M | -16M | -22M | -34M | -39M | -43M | -39M |
| Cash & Equiv. | 9.6M | 2.3M | 30M | 13M | 23M | 14M | 15M | 21M | 27M | 37M | 42M | 44M | 40M |
| Long-Term Debt | N/A | 6.7M | 4.2M | 8.2M | 6.5M | 7.1M | 3.7M | 1.5M | 2.4M | 2.8M | 1.8M | 15K | 16K |
| Debt/Equity | -0.00 | -0.11 | 0.30 | 1.12 | 0.50 | 0.61 | 0.60 | 0.21 | 0.13 | 0.05 | 0.06 | 0.03 | 0.02 |
| Interest Coverage | -37.7 | -26.9 | -6.6 | -26.5 | -19.5 | -19.3 | -11.4 | 9.2 | 22.7 | 93.4 | N/A | N/A | N/A |
| Equity | -54M | -70M | 27M | 11M | 25M | 18M | 17M | 27M | 39M | 54M | 63M | 69M | 70M |
| Total Assets | N/A | 11M | 41M | 31M | 45M | 35M | 33M | 39M | 55M | 67M | 78M | 85M | 83M |
| Total Liabilities | 73K | 81M | 15M | 21M | 20M | 17M | 15M | 12M | 17M | 13M | 15M | 16M | 13M |
| Intangibles | N/A | 132K | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 3.4M | 1.7M | 1.3M |
| Retained Earnings | N/A | -80M | -96M | -118M | -134M | -149M | -157M | -153M | -147M | -138M | -137M | -137M | -138M |
| Working Capital | N/A | -198K | 29M | 15M | 27M | 21M | 18M | 26M | 34M | 49M | 54M | 52M | 53M |
| Current Assets | N/A | 9.1M | 40M | 27M | 41M | 29M | 28M | 37M | 45M | 58M | 64M | 65M | 64M |
| Current Liabilities | N/A | 9.3M | 10M | 12M | 14M | 7.9M | 10M | 10M | 11M | 8.8M | 9.9M | 13M | 11M |
| Per Share Data | |||||||||||||
| EPS | -4.00 | -7.12 | -1.34 | -1.69 | -1.08 | -0.85 | -0.45 | 0.22 | 0.29 | 0.42 | 0.04 | -0.03 | 0.01 |
| Owner EPS | -4.03 | -4.87 | -1.64 | -1.77 | -1.14 | -0.77 | -0.47 | 0.24 | 0.19 | 0.32 | -0.07 | 0.05 | -0.51 |
| Book Value | -21.38 | -27.58 | 2.15 | 0.87 | 1.52 | 1.07 | 0.92 | 1.38 | 1.83 | 2.50 | 3.21 | 3.53 | 3.01 |
| Cash Flow/Share | -3.12 | -4.18 | -1.48 | -1.51 | -0.89 | -0.47 | -0.15 | 0.47 | 0.45 | 0.61 | 0.36 | 0.51 | 0.68 |
| Dividends/Share | N/A | N/A | 0.00 | 0.00 | N/A | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Shares Out. | 2.5M | 2.6M | 12.5M | 12.5M | 16.4M | 17.3M | 18.9M | 19.7M | 21.1M | 21.6M | 19.5M | 19.5M | 23.3M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 51.0 | 18.3 | 22.0 | 164.3 | N/A | N/A |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 26.6 | 16.8 | 17.0 | 31.7 | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 40.7 | 14.6 | N/A | N/A | N/A | N/A |
| Price/Book | N/A | N/A | 4.5 | 8.8 | 3.7 | 5.0 | 5.1 | 8.1 | 2.9 | 3.7 | 2.0 | N/A | 5.0 |
| Price/Sales | N/A | N/A | 4.4 | 4.3 | 2.7 | 3.1 | 2.4 | 2.4 | 2.5 | 2.8 | 2.6 | N/A | 6.2 |
| FCF Yield | N/A | N/A | -16.2% | -22.9% | -18.1% | -9.7% | -3.6% | 3.8% | 6.0% | 5.9% | 3.2% | N/A | -0.3% |
| Market Cap | 0 | N/A | 121M | 96M | 92M | 93M | 89M | 221M | 112M | 199M | 128M | 0 | 352M |
| Avg. Price | 0.00 | N/A | 7.09 | 12.27 | 8.04 | 6.68 | 5.35 | 6.62 | 7.13 | 8.26 | 6.78 | 0.00 | 15.09 |
| Year-End Price | 0.00 | N/A | 7.28 | 7.68 | 5.59 | 5.38 | 4.73 | 11.21 | 5.32 | 9.23 | 6.57 | 0.00 | 15.09 |
EVERSPIN TECHNOLOGIES INC. passes 3 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 55.8x vs a median of 21.8x. The company's 5-year average ROIC is 24.5% with a gross margin of 55.6%. At current prices, the estimated annualized return to fair value is +27.0%.
EVERSPIN TECHNOLOGIES INC. (MRAM) has a debt-to-equity ratio of 0.03. 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 12 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.