EVERSPIN TECHNOLOGIES INC
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 29, 2024
MRAM$12.92+10.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Balance Sheets
(In thousands, except share and per share amounts)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · December 31, · · December 31, | ||||||
| · · 2023 · · 2022 | ||||||
| Assets · · | ||||||
| Current assets: · · | ||||||
| Cash and cash equivalents | | $36,946 | | $26,795 | ||
| Accounts receivable, net | | 11,554 | | 10,665 | ||
| Inventory | | 8,391 | | 6,683 | ||
| Prepaid expenses and other current assets | | 988 | | 604 | ||
| Total current assets | | 57,879 | | 44,747 | ||
| Property and equipment, net | | 3,717 | | 3,883 | ||
| Right-of-use assets | | | 5,495 | | 6,641 | |
| Other assets | | 212 | | 62 | ||
| Total assets | | $67,303 | | $55,333 | ||
| | | | | | | |
| Liabilities and Stockholders’ Equity | | | ||||
| Current liabilities: | | | ||||
| Accounts payable | | $2,916 | | $2,778 | ||
| Accrued liabilities | | 4,336 | | 3,533 | ||
| Deferred revenue | | | 336 | | | 821 |
| Current portion of long-term debt | | — | | 2,594 | ||
| Lease liabilities, current portion | | | 1,190 | | | 1,122 |
| Other liabilities | | | — | | | 27 |
| Total current liabilities | | 8,778 | | 10,875 | ||
| Long-term debt, net of current portion | | — | | — | ||
| Lease liabilities, net of current portion | | | 4,390 | | | 5,580 |
| Long-term income tax liability | | | 214 | | | 214 |
| Total liabilities | | $13,382 | | $16,669 | ||
| Commitments and contingencies (Note 5) | | | ||||
| Stockholders’ equity: | | | ||||
| Preferred stock, $0.0001 par value per share; 5,000,000 shares authorized; no shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively | | | — | | | — |
| Common stock, $0.0001 par value per share; 100,000,000 shares authorized; 21,080,472 and 20,374,288 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively | | 2 | | | 2 | |
| Additional paid-in capital | | 191,569 | | 185,364 | ||
| Accumulated deficit | | (137,650) | | (146,702) | ||
| Total stockholders’ equity | | 53,921 | | 38,664 | ||
| Total liabilities and stockholders’ equity | | $67,303 | | $55,333 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.