EVERSPIN TECHNOLOGIES INC

For the period ended Dec 31, 2024. Filed Feb 27, 2025.

About this filing

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$12.71-1.6%Stored close · as of Nov 10, 2026

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Contents

Statements of Income and Comprehensive Income

(In thousands, except share and per share amounts)


· · Year Ended December 31,
· 2024 · 2023
Product sales	$42,203	$53,123
Licensing, royalty, patent, and other revenue	8,199	10,642
Total revenue	50,402	63,765
Cost of product sales	22,812	24,693
Cost of licensing, royalty, patent, and other revenue	1,464	1,827
Total cost of sales	24,276	26,520
Gross profit	26,126	37,245
Operating expenses:
Research and development	13,686	11,776
General and administrative	14,141	14,296
Sales and marketing	5,390	5,288
Total operating expenses	33,217	31,360
(Loss) income from operations	(7,091)	5,885
Interest expense	—	(63)
Other income, net	7,832	3,214
Net income before income taxes	741	9,036
Income tax benefit	40	16
Net income and comprehensive income	$781	$9,052
Net income per common share:
Basic	$0.04	$0.44
Diluted	$0.04	$0.42
Weighted average shares of common stock outstanding:
Basic	21,642,793	20,748,302
Diluted	22,156,420	21,367,304

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.