EVERSPIN TECHNOLOGIES INC
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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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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Statements of Cash Flows
(In thousands)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Year Ended December 31, | ||||||
| · 2023 · 2022 | ||||||
| Cash flows from operating activities · · | ||||||
| Net income | | $9,052 | | $6,129 | ||
| Adjustments to reconcile net income to net cash provided by operating activities: | | | | | ||
| Depreciation and amortization | | 1,205 | | 982 | ||
| Gain on sale of property and equipment | | (15) | | (167) | ||
| Stock-based compensation | | 5,005 | | 4,408 | ||
| Loss on prepayment and termination of credit facility | | | 170 | | | — |
| Non-cash warrant revaluation | | | (25) | | | (23) |
| Non-cash interest expense | | 26 | | 105 | ||
| Changes in operating assets and liabilities: | | | | | ||
| Accounts receivable | | (889) | | (2,472) | ||
| Inventory | | (1,708) | | (287) | ||
| Prepaid expenses and other current assets | | (384) | | 158 | ||
| Other assets | | (150) | | (28) | ||
| Accounts payable | | 499 | | 563 | ||
| Accrued liabilities | | 803 | | (46) | ||
| Deferred revenue | | | (485) | | | (11) |
| Lease liabilities, net | | | 24 | | | 182 |
| Net cash provided by operating activities | | 13,128 | | 9,493 | ||
| Cash flows from investing activities | | | | | ||
| Purchases of property and equipment | | (1,404) | | (2,788) | ||
| Proceeds received from sale of property and equipment | | | 19 | | | 202 |
| Net cash used in investing activities | | (1,385) | | (2,586) | ||
| Cash flows from financing activities | | | | | ||
| Payments on long-term debt | | (2,790) | | (2,400) | ||
| Payments of debt issuance costs | | — | | (10) | ||
| Proceeds from exercise of stock options and purchase of shares in employee stock purchase plan | | 1,198 | | 889 | ||
| Net cash used in financing activities | | (1,592) | | (1,521) | ||
| Net increase in cash and cash equivalents | | 10,151 | | 5,386 | ||
| Cash and cash equivalents at beginning of period | | 26,795 | | 21,409 | ||
| Cash and cash equivalents at end of period | | $36,946 | | $26,795 | ||
| Supplementary cash flow information: | | | | | ||
| Interest paid | | $37 | | $169 | ||
| Operating cash flows paid for operating leases | | $1,384 | | $1,320 | ||
| Financing cash flows paid for finance leases | | $12 | | $11 | ||
| Non-cash investing and financing activities: | | | | | ||
| Right-of-use assets obtained in exchange for operating lease liabilities | | $— | | $6,837 | ||
| Right-of-use assets obtained in exchange for finance lease liabilities | | $— | | $36 | ||
| Purchases of property and equipment in accounts payable and accrued liabilities | | $446 | | $807 | ||
| Cashless exercise of warrants | | $2 | | $— | ||
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