EVERSPIN TECHNOLOGIES INC
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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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.
FY2024 · Filed Feb 27, 2025
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, | ||||||
| · · 2024 · · 2023 | ||||||
| Assets · · | ||||||
| Current assets: · · | ||||||
| Cash and cash equivalents | | $42,097 | | $36,946 | ||
| Accounts receivable, net | | 11,722 | | 11,554 | ||
| Inventory | | 9,110 | | 8,391 | ||
| Prepaid expenses and other current assets | | 1,272 | | 988 | ||
| Total current assets | | 64,201 | | 57,879 | ||
| Property and equipment, net | | 3,220 | | 3,717 | ||
| Intangible assets, net | | | 3,416 | | | — |
| Right-of-use assets | | | 4,549 | | 5,495 | |
| Other assets | | 2,403 | | 212 | ||
| Total assets | | $77,789 | | $67,303 | ||
| | | | | | | |
| Liabilities and Stockholders’ Equity | | | ||||
| Current liabilities: | | | ||||
| Accounts payable | | $2,278 | | $2,916 | ||
| Accrued liabilities | | 2,449 | | 4,336 | ||
| Deferred revenue | | | 78 | | | 336 |
| Lease liabilities, current portion | | | 1,306 | | | 1,190 |
| Contract obligations | | | 2,034 | | | — |
| Software liabilities, current portion | | | 1,769 | | | — |
| Total current liabilities | | 9,914 | | 8,778 | ||
| Lease liabilities, net of current portion | | | 3,336 | | | 4,390 |
| Software liabilities, net of current portion | | | 1,784 | | | — |
| Long-term income tax liability | | | 162 | | | 214 |
| Total liabilities | | $15,196 | | $13,382 | ||
| 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, 2024 and 2023, respectively | | | — | | | — |
| Common stock, $0.0001 par value per share; 100,000,000 shares authorized; 22,059,697 and 21,080,472 shares issued and outstanding as of December 31, 2024 and 2023, respectively | | 2 | | | 2 | |
| Additional paid-in capital | | 199,460 | | 191,569 | ||
| Accumulated deficit | | (136,869) | | (137,650) | ||
| Total stockholders’ equity | | 62,593 | | 53,921 | ||
| Total liabilities and stockholders’ equity | | $77,789 | | $67,303 | ||
| | | | | | | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.