EVERSPIN TECHNOLOGIES INC
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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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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Statements of Cash Flows
(In thousands)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Year Ended December 31, | ||||||
| · 2024 · 2023 | ||||||
| Cash flows from operating activities · · | ||||||
| Net income | | $781 | | $9,052 | ||
| Adjustments to reconcile net income to net cash provided by operating activities: | | | | | ||
| Depreciation and amortization | | 1,731 | | 1,205 | ||
| Gain on sale of property and equipment | | — | | (15) | ||
| Stock-based compensation | | 6,713 | | 5,005 | ||
| Loss on prepayment and termination of credit facility | | | — | | | 170 |
| Non-cash warrant revaluation | | | — | | | (25) |
| Non-cash interest expense | | — | | 26 | ||
| Changes in operating assets and liabilities: | | | | | ||
| Accounts receivable | | (168) | | (889) | ||
| Inventory | | (719) | | (1,708) | ||
| Prepaid expenses and other current assets | | (284) | | (384) | ||
| Other assets | | (492) | | (150) | ||
| Accounts payable | | (374) | | 499 | ||
| Accrued liabilities | | (1,939) | | 803 | ||
| Deferred revenue | | | (258) | | | (485) |
| Contract obligations | | | 2,034 | | | — |
| Lease liabilities, net | | | 74 | | | 24 |
| Net cash provided by operating activities | | 7,099 | | 13,128 | ||
| Cash flows from investing activities | | | | | ||
| Purchases of property and equipment | | (3,049) | | (1,404) | ||
| Purchases of intangible assets | | | (11) | | | — |
| Proceeds received from sale of property and equipment | | | — | | | 19 |
| Net cash used in investing activities | | (3,060) | | (1,385) | ||
| Cash flows from financing activities | | | | | ||
| Payments on long-term debt | | — | | (2,790) | ||
| Proceeds from exercise of stock options and purchase of shares in employee stock purchase plan | | 1,178 | | 1,198 | ||
| Payments on finance leases | | | (66) | | | — |
| Net cash provided by (used in) financing activities | | 1,112 | | (1,592) | ||
| Net increase in cash and cash equivalents | | 5,151 | | 10,151 | ||
| Cash and cash equivalents at beginning of period | | 36,946 | | 26,795 | ||
| Cash and cash equivalents at end of period | | $42,097 | | $36,946 | ||
| Supplementary cash flow information: | | | | | ||
| Interest paid | | $— | | $37 | ||
| Cash paid for taxes | | $202 | | $— | ||
| Operating cash flows paid for operating leases | | $1,399 | | $1,384 | ||
| Financing cash flows paid for finance leases | | $66 | | $12 | ||
| Non-cash investing and financing activities: | | | | | ||
| Internal-use software asset obtained in exchange for software liabilities | | $3,564 | | $— | ||
| Right-of-use assets obtained in exchange for finance lease liabilities | | $297 | | $— | ||
| Purchases of property and equipment in accounts payable and accrued liabilities | | $182 | | $446 | ||
| Cashless exercise of warrants | | $— | | $2 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.