Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Independent Director Douglas Mitchell was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • May 02
Everspin Technologies, Inc. Provides Earnings Guidance for the Second Quarter of 2026 Everspin Technologies, Inc. provided earnings guidance For the second quarter of 2026. For the second quarter of 2026, the company expected total revenue in a range of $15.5 million to $16.5 million and GAAP net loss per share to be between ($0.12) and $(0.07). Aankondiging • Apr 16
Everspin Technologies, Inc. to Report Q1, 2026 Results on Apr 29, 2026 Everspin Technologies, Inc. announced that they will report Q1, 2026 results After-Market on Apr 29, 2026 Aankondiging • Apr 09
Everspin Technologies, Inc., Annual General Meeting, May 21, 2026 Everspin Technologies, Inc., Annual General Meeting, May 21, 2026. Aankondiging • Mar 10
Everspin Technologies, Inc. Launches Unisyst Mram Family For Embedded Systems Everspin Technologies, Inc. announced the UNISYST MRAM family, a new generation of unified memory designed to fundamentally change how embedded systems store and access code and data. UNISYST is a unified code-and-data MRAM architecture that bridges traditional configuration memory and higher-density persistent storage, extending MRAM into traditional NOR flash applications where superior performance, endurance and reliability are valued. Built as a natural extension of Everspin’s existing PERSYST MRAM platform, UNISYST gives customers a practical, simple migration path from today’s serial MRAM devices to higher-density unified memory without requiring changes to system architecture or software. Everspin will initially offer the UNISYST family in densities ranging from 128 megabits to 2 gigabits, using a standard xSPI interface operating up to octal SPI at 200MHz. The devices are planned to feature AEC-Q100 Grade 1 qualification and minimum 10-year data retention at extreme temperature, supporting demanding environments across automotive, aerospace, industrial and edge AI applications. UNISYST delivers high-bandwidth read and write speeds in a non-volatile memory device, enabling fast boot, rapid updates and predictable performance without the tradeoffs of traditional flash-based designs. By combining high-speed access with persistent storage, UNISYST supports software-defined systems that require frequent reconfiguration while maintaining data integrity across power cycles. UNISYST builds on Everspin’s proven MRAM foundation with capabilities designed to support more complex, software-defined systems: Code-and-data MRAM architecture designed as a next-generation alternative to other non-volatile memory; Standard xSPI interface operating up to octal SPI at 200MHz; Read bandwidth of up to 400 MB/s and write bandwidth of approximately 90 MB/s, over 400 times faster than NOR flash; Write endurance up to 10 times higher than typical NOR; AEC-Q100 Grade 1 qualification and minimum 10-year data retention for high-reliability designs. UNISYST is aimed at applications where non-volatile memory must combine high bandwidth, high endurance and predictable behavior over temperature and time. Target use cases include: AI at the edge: Fast AI weight updates, critical storage at the edge, local code-and-data storage for workloads that need fast boot, rapid reconfiguration and non-volatile operation close to the sensor, with the ability to execute in place removing the need for multiple system memories; Military and aerospace: Field-programmable gate array (FPGA) configuration and code storage for mission-critical systems, including low-Earth orbit satellites and other platforms that require frequent over-the-air updates; Automotive: Control, logging and configuration memory in systems that must meet Grade 1 temperature requirements and long-term data retention; Industrial and casino gaming: High-traffic logging and configuration in environments that demand fast writes, long endurance and persistent storage supporting data logging. The launch of UNISYST represents a platform-level expansion of Everspin’s MRAM portfolio, extending the company’s role from a niche memory supplier to a mainstream memory player serving a multibillion-dollar market. By unifying code storage and data memory, Everspin is addressing the growing demands of software-defined systems that require faster boot times, frequent updates and predictable behavior over long operating lifetimes. Engineering samples of UNISYST are expected to be available in the fourth quarter of 2026, with additional densities and options to follow. The UNISYST product line will be formally launched at Embedded World 2026, where Everspin will highlight how unified memory architectures can simplify system design and enable higher-performance platforms. Attendees can meet with Everspin at Hall 4, Booth 360 to learn more about UNISYST MRAM and the company’s MRAM solutions in production. Aankondiging • Feb 19
Everspin Technologies, Inc. to Report Q4, 2025 Results on Mar 04, 2026 Everspin Technologies, Inc. announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Mar 04, 2026 Aankondiging • Feb 03
Everspin Technologies, Inc. Faces Lawsuit and ITC Complaint from Avalanche Technology, Inc. over Patent Infringement Claims On January 28, 2026, Everspin Technologies, Inc. received notice that Avalanche Technology, Inc. filed a lawsuit against the Company in the United States District Court for the District of Delaware and a patent infringement complaint with the U.S. International Trade Commission Investigation. The Complaints assert that Everspin's Spin-transfer Torque Magnetoresistive Random Access Memory products infringe on Avalanche's U.S. Patent Nos. 9,318,179, 9,419,210, 11,678,586, and 10,490,737. The claims do not implicate Everspin's Toggle Magnetoresistive Random Access Memory products or Sensor devices. The Lawsuit requests customary remedies for patent infringement, and the ITC Complaint requests that the U.S. International Trade Commission Investigation commence an investigation pursuant to Section 337 of the Tariff Act of 1930, as amended. Everspin believes it has meritorious arguments against Avalanche’s claims and intends to vigorously defend itself. Aankondiging • Nov 20
Everspin Technologies, Inc. Expands PERSYST MRAM Family with High-Reliability Devices for Aerospace, Defense, Automotive and Industrial Applications Everspin Technologies, Inc. announced its newest high-reliability additions to the PERSYST MRAM product line: the EM064LX HR and EM128LX HR devices. Designed for extreme operating environments, these new xSPI MRAM products deliver the industry's most robust combination of endurance, temperature performance and data retention for aerospace, defense, automotive and high-end industrial applications. These newest additions extend Everspin's leadership in non-volatile memory by delivering AEC-Q100 Grade 1 qualification for operation from -40degC to +125degC. Each device undergoes a 48-hour burn-in process and provides 10-year data retention at 125degC, ensuring predictable performance even under the most demanding conditions. With 64- and 128-megabit densities achieving 90 Mbytes/sec read and write bandwidth, sustained for over a decade, the EM064LXHR and EM128LX HR are built for systems that cannot risk data loss or degradation. The EM064LX device underwent independent radiation testing at the Berkeley Accelerator Space Effects (BASE) Facility at Lawrence Berkeley National Laboratory under a NASA Jet Propulsion Laboratory program. The tests validated the device's high-reliability characteristics, showing no single-event latch-up (SEL) events up to anLET of 61 MeV-cm2/mg at ambient temperature. The EM064L X HR and EM128LXHR share the same design architecture and high-reliability specifications, supporting consistent performance across both devices. The new solutions feature a Quad Serial Peripheral Interface (QSPI) supporting 133 MHz single transfer rate and 90 MHz dual transfer rate operation, delivering high bandwidth for data-intensive applications while maintaining the deterministic performance MRAM is known for. These capabilities make the EM064LX Human and EM128LX HR family of products ideal for systems requiring secure, persistent memory where bandwidth and reliability are equally important. Key Benefits of Everspin's PERSYST EMxxLX High-Reliability MRAM: AEC-Q100 Grade1 qualified, -40degC to + 125degC operating range; 10-year data retention at125degC with unlimited read/write endurance for 10 years; 48-hour burn-in for added reliability margin; Industry-standard QSPI interface and packages for design flexibility; Proven MRAM technology backed by independent testing and field validation. Aankondiging • Nov 07
Everspin Technologies, Inc. Provides Earnings Guidance for the Fourth Quarter of 2025 Everspin Technologies, Inc. provided earnings guidance for the fourth quarter of 2025. For the quarter, the company expects total revenue in the range of $14 million to $15 million, and GAAP net income per fully diluted share to be between $0.02 and $0.07. Aankondiging • Oct 24
Everspin Technologies, Inc. to Report Q3, 2025 Results on Nov 05, 2025 Everspin Technologies, Inc. announced that they will report Q3, 2025 results After-Market on Nov 05, 2025 Aankondiging • Aug 07
Everspin Technologies, Inc. Provides Earnings Guidance for the Third Quarter of 2025 Everspin Technologies, Inc. provided earnings guidance for the third quarter of 2025. For the period, the company expects total revenue in a range of $13.5 million to $14.5 million and GAAP net loss per diluted share to be between $0.05 and $0.00. Aankondiging • Jul 24
Everspin Technologies, Inc. to Report Q2, 2025 Results on Aug 06, 2025 Everspin Technologies, Inc. announced that they will report Q2, 2025 results After-Market on Aug 06, 2025 Aankondiging • May 15
Everspin Technologies, Inc. to Present At the Ladenburg Technology Innovation Expo25 Everspin Technologies Inc. announced that Sanjeev Aggarwal, President and Chief Executive Officer, and Bill Cooper, Chief Financial Officer, will present at the Ladenburg Technology Innovation Expo25, on May 21, 2025 at 9:30 a.m. Eastern Time. Aankondiging • May 01
Everspin Technologies, Inc. Provides Earnings Guidance for the Second Quarter of 2025 Everspin Technologies, Inc. provided earnings guidance for the second quarter of 2025. For the quarter, the company expects total revenue in a range of $12.5 million to $13.5 million and GAAP net (loss) income per basic share to be between $(0.05) and $0.00. Aankondiging • Apr 17
Everspin Technologies, Inc. to Report Q1, 2025 Results on Apr 30, 2025 Everspin Technologies, Inc. announced that they will report Q1, 2025 results After-Market on Apr 30, 2025 Aankondiging • Apr 08
Everspin Technologies, Inc., Annual General Meeting, May 22, 2025 Everspin Technologies, Inc., Annual General Meeting, May 22, 2025. Aankondiging • Mar 12
Everspin Expands High-Reliability MRAM Portfolio with New Automotive-Grade Offerings Everspin Technologies, Inc. announced its latest high-reliability MRAM expansion. The newest additions to the PERSYST EMxxLX family, the EM064LX HR and EM128LX HR, will operate at temperatures from -40degC to +125degC, meeting the AEC-Q100 Grade 1 standard for automotive applications. This expanded temperature range addresses the growing demand for persistent, high-speed memory in aerospace, defense, and extreme industrial environments. The rapid expansion of Low Earth orbit (LEO) satellite deployments is driving demand for high-reliability memory solutions capable of withstanding extreme operating conditions, including tolerance to radiation. With LEO satellites playing an increasing role in infrastructure and connectivity, memory solutions that offer high-speed performance, extended endurance, and resilience to extreme temperatures are essential for ensuring mission success. Everspin's PERSYST MRAM has been widely adopted for almost two decades in critical storage applications, recognized for its high endurance and reliability. As the MRAM available in its temperature range, the latest PERSYST expansion delivers the performance and durability required for next-generation embedded systems: Capacities of 64Mb and 128Mb - Optimized for mission-critical systems; Quad SPI Interface - Industry-standard compatibility for easy integration; Faster Write Speeds vs. NOR Flash - Reducing system overhead in real-time applications; Simpler architecture - No erase required enhancing system utilization. Engineering samples of the EM064LX and EM128LX HR will be available in June 2025, with full production scheduled for late 2025. Engineering samples of the EM064LX and EM128LX HR will be available in June 2025, with full production scheduled for late 2025. Everspin marks a decade of participation at Embedded World, underscoring its commitment to embedded system developers and persistent memory solutions. This year attendees can explore real-world MRAM applications through interactive demonstrations at Everspin’s booth 4-360: PERSYST EMxxLX Showcase – Featuring the new high-reliability product expansion. OpenMV Camera Application – Utilizing MRAM for embedded vision systems. Evaluation Board Demo – Developed with Arrow, Lattice, and MAS Elettronica. Customer Use Cases – Highlighting MRAM’s integration in mission-critical applications. Aankondiging • Feb 28
Everspin Technologies, Inc. Provides Earnings Guidance for the First Quarter of 2025 Everspin Technologies, Inc. provided earnings guidance for the first quarter of 2025. For the period, the company expects total revenue in a range of $12 million to $13 million and GAAP net loss per basic share to be between $0.10 and $0.05. Aankondiging • Feb 13
Everspin Technologies, Inc. to Report Q4, 2024 Results on Feb 26, 2025 Everspin Technologies, Inc. announced that they will report Q4, 2024 results After-Market on Feb 26, 2025 Aankondiging • Jan 09
Everspin Technologies, Inc. Announces Chief Financial Officer Changes Everspin Technologies, Inc. announced that William “Bill” Cooper has joined the company and was appointed Chief Financial Officer, effective January 6, 2025. Cooper joins Everspin from Advanced Micro Devices, Inc. (“AMD”), where he has held various executive finance positions since 2017. He was most recently Director of Financial Planning and Analysis, responsible for leading the annual and quarterly planning and budgeting process globally. From January 2015 to June 2016, Cooper served as Chief Financial Officer for the Data Division of Volexplc, a maker of data cables used in Networking and Data Centers, as well as in high end medical equipment such as MRI machines. From December 2004 to January 2015, Cooper held various executive and managerial finance positions with AMD. Prior to AMD, Cooper spent a decade working in various finance management positions in the medical device industry as well as over five years in the public accounting sector with PricewaterhouseCoopers LLP. Cooper earned his Bachelor of Business Administration degree in Accounting at the University of Texas at Austin. The company wanted to take this opportunity to thank Matt Tenorio who has acted as Interim CFO since July 2024. For an interim period, Matt will remain as Everspin’s Vice President, Finance on Bill’s team and will be instrumental in ensuring continuity as well as a quick and smooth transition. Aankondiging • Nov 02
Everspin Technologies, Inc. Provides Earnings Guidance for the Fourth Quarter of 2024 Everspin Technologies, Inc. provided earnings guidance for the fourth quarter of 2024. For the fourth quarter 2024, the company now expects total revenue in a range of $12 million to $13 million and GAAP net income per diluted share to be between $0.00 and $0.05. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: US$0.10 (vs US$0.12 in 3Q 2023) Third quarter 2024 results: EPS: US$0.10 (down from US$0.12 in 3Q 2023). Revenue: US$12.1m (down 27% from 3Q 2023). Net income: US$2.27m (down 6.8% from 3Q 2023). Profit margin: 19% (up from 15% in 3Q 2023). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 1% per year. Aankondiging • Oct 17
Everspin Technologies, Inc. to Report Q3, 2024 Results on Oct 30, 2024 Everspin Technologies, Inc. announced that they will report Q3, 2024 results After-Market on Oct 30, 2024 Recent Insider Transactions • Oct 06
President recently sold €88k worth of stock On the 2nd of October, Sanjeev Aggarwal sold around 18k shares on-market at roughly €5.02 per share. This transaction amounted to 8.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Sanjeev has been a net seller over the last 12 months, reducing personal holdings by €420k. Aankondiging • Aug 02
Everspin Technologies, Inc. Provides Earnings Guidance for the Third Quarter of 2024 Everspin Technologies, Inc. provided earnings guidance for the third quarter of 2024. For the period, Company expects total revenue in a range of $11.5 million to $12.5 million and GAAP net loss per basic share to be between $0.05 and $0.10. Reported Earnings • Aug 02
Second quarter 2024 earnings released: US$0.12 loss per share (vs US$0.19 profit in 2Q 2023) Second quarter 2024 results: US$0.12 loss per share (down from US$0.19 profit in 2Q 2023). Revenue: US$10.6m (down 33% from 2Q 2023). Net loss: US$2.50m (down 164% from profit in 2Q 2023). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jul 06
President recently sold €99k worth of stock On the 2nd of July, Sanjeev Aggarwal sold around 18k shares on-market at roughly €5.60 per share. This transaction amounted to 9.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Sanjeev has been a net seller over the last 12 months, reducing personal holdings by €717k. Valuation Update With 7 Day Price Move • May 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €5.70, the stock trades at a trailing P/E ratio of 16.5x. Average forward P/E is 16x in the Semiconductor industry in Germany. Total returns to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.64 per share. New Risk • May 04
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 68% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 68% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (3.7% increase in shares outstanding). Significant insider selling over the past 3 months (€436k sold). Aankondiging • May 03
Everspin Technologies, Inc. Provides Revenue Guidance for the Second Quarter 2024 Everspin Technologies, Inc. provided revenue guidance for the second quarter 2024. For the quarter, the company expects total revenue in a range of $10.0 million to $11.0 million and GAAP net loss per basic share to be between $0.14 and $0.09. Reported Earnings • May 02
First quarter 2024 earnings released: US$0.01 loss per share (vs US$0.037 profit in 1Q 2023) First quarter 2024 results: US$0.01 loss per share (down from US$0.037 profit in 1Q 2023). Revenue: US$14.4m (down 2.8% from 1Q 2023). Net loss: US$202.0k (down 126% from profit in 1Q 2023). Revenue is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Aankondiging • Apr 19
Everspin Technologies, Inc. to Report Q1, 2024 Results on May 01, 2024 Everspin Technologies, Inc. announced that they will report Q1, 2024 results After-Market on May 01, 2024 Aankondiging • Apr 13
Everspin Technologies, Inc., Annual General Meeting, May 23, 2024 Everspin Technologies, Inc., Annual General Meeting, May 23, 2024, at 17:00 US Eastern Standard Time. Agenda: To elect the seven nominees for director named in the proxy statement accompanying these proxy materials to serve until the next annual meeting and their successors are duly elected and qualified; to ratify the selection of Ernst & Young LLP as company's independent registered public accounting firm for the fiscal year ending December 31, 2024; to approve, on an advisory basis, the compensation of company's named executive officers; and to conduct any other business properly brought before the annual meeting. Aankondiging • Apr 09
Everspin Technologies Unveils Persyst, Simplifying Persistent Memory Solutions Everspin Technologies, Inc. announced the new brand name PERSYST for its persistent memory product family. Everspin’s initiative to simplify product identification beyond conventional alphanumeric identifiers promises to make selecting the right solutions easier for clients. The company’s legacy toggle MRAM parallel and serial products, 1Gb ST-DDR4 and new EMxxLX xSPI Industrial STT-MRAM will reside under the PERSYST brand. The PERSYST family of products represents the unique combination of RAM-like speed and latency with non-volatility. With virtually unlimited endurance, PERSYST provides the speed and persistence to capture critical data continuously. It's perfect for use in a variety of industries, such as, automation, robotics, networking, data storage, AI, healthcare, gaming and FPGA. Everspin is at Embedded World 2024 in Nuremberg, Germany, with a new booth experience that provides static demonstrations of EMxxLX PERSYST products. This includes an STM32-based demonstration and a comparative benchmarking of EMxxLX against NOR flash. Everspin also will collaborate with Synaptic Labs to showcase EMxxLX’s integration with the xSPI controller on an FPGA evaluation board. Recent Insider Transactions • Apr 06
President recently sold €127k worth of stock On the 2nd of April, Sanjeev Aggarwal sold around 17k shares on-market at roughly €7.28 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €151k. Sanjeev has been a net seller over the last 12 months, reducing personal holdings by €684k. Aankondiging • Mar 14
Everspin Technologies, Inc. Announces the Appointment of Douglas Mitchell to Its Board of Directors Everspin Technologies, Inc. announced the appointment of Douglas Mitchell to its Board of Directors, effective February 26, 2024. Mr. Mitchell has held various executive management positions focusing on corporate leadership, technology, marketing and business development of micro-controllers, digital signal processors and memories. His principal focus has been market requirements, providing rapid growth opportunities for high-performance, non-volatile memory ICs. During his tenure at Infineon Technologies, he served as Vice President of RAM products, overseeing P&L responsibilities for a broad range of volatile and non-volatile memory technologies. Prior to Infineon, Mr. Mitchell worked with Microelectronics Research Development Corporation and the US Air Force Research Labs, developing memory products for space applications. At Everspin, Mr. Mitchell served as Vice President of Sales & Marketing, leading business development efforts for the company's MRAM products shortly after their spin-off from Freescale. Earlier, he was President & CEO of Simtek Corporation, a publicly traded provider of non-volatile RAM ICs. He was responsible for establishing a cooperative development contract with Cypress Semiconductor that led to Cypress’ acquisition of Simtek. Recent Insider Transactions • Mar 11
Chief Financial Officer recently sold €151k worth of stock On the 6th of March, Anuj Aggarwal sold around 20k shares on-market at roughly €7.53 per share. This transaction amounted to 34% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Anuj has been a net seller over the last 12 months, reducing personal holdings by €587k. New Risk • Mar 07
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 25% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (3.8% increase in shares outstanding). Significant insider selling over the past 3 months (€435k sold). Aankondiging • Mar 01
Everspin Technologies, Inc. Provides Earnings Guidance for the First Quarter of 2024 Everspin Technologies, Inc. provided earnings guidance for the first quarter of 2024. For the first quarter 2024, Everspin expects total revenue in a range of $13.5 million to $14.5 million and GAAP net income per diluted share to be between breakeven and $0.05. Reported Earnings • Mar 01
Full year 2023 earnings released: EPS: US$0.44 (vs US$0.30 in FY 2022) Full year 2023 results: EPS: US$0.44 (up from US$0.30 in FY 2022). Revenue: US$63.8m (up 6.3% from FY 2022). Net income: US$9.05m (up 48% from FY 2022). Profit margin: 14% (up from 10% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 15
Everspin Technologies, Inc. to Report Q4, 2023 Results on Feb 28, 2024 Everspin Technologies, Inc. announced that they will report Q4, 2023 results at 4:00 PM, US Eastern Standard Time on Feb 28, 2024 Recent Insider Transactions • Jan 09
President recently sold €96k worth of stock On the 3rd of January, Sanjeev Aggarwal sold around 12k shares on-market at roughly €7.83 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €122k. Sanjeev has been a net seller over the last 12 months, reducing personal holdings by €592k. Recent Insider Transactions • Dec 12
Chairman of the Board recently sold €81k worth of stock On the 8th of December, Darin Billerbeck sold around 10k shares on-market at roughly €8.12 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Darin has been a net seller over the last 12 months, reducing personal holdings by €239k. Reported Earnings • Nov 03
Third quarter 2023 earnings released: EPS: US$0.12 (vs US$0.094 in 3Q 2022) Third quarter 2023 results: EPS: US$0.12 (up from US$0.094 in 3Q 2022). Revenue: US$16.5m (up 8.0% from 3Q 2022). Net income: US$2.44m (up 28% from 3Q 2022). Profit margin: 15% (up from 13% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Aankondiging • Nov 02
Everspin Technologies, Inc. Provides Earnings Guidance for the Fourth Quarter 2023 Everspin Technologies, Inc. provided earnings guidance for the fourth quarter 2023. For the fourth quarter 2023, the company expects total revenue in a range of $15.4 million to $16.4 million and GAAP net income per diluted share to be between $0.01 and $0.06. Buying Opportunity • Oct 21
Now 21% undervalued Over the last 90 days, the stock is up 4.5%. The fair value is estimated to be €11.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 7.3% in a year. Earnings is forecast to decline by 76% in the next year. Aankondiging • Oct 19
Everspin Technologies, Inc. to Report Q3, 2023 Results on Nov 01, 2023 Everspin Technologies, Inc. announced that they will report Q3, 2023 results After-Market on Nov 01, 2023 Aankondiging • Oct 18
Everspin Announces Expansion of Industrial STT-MRAM Devices Everspin Technologies, Inc. announced that it is expanding its industrial, high-density STT-MRAM product family, the EMxxLX. The EMxxLX product, announced last year, is the highest-performing persistent memory available today. It is ideal for electronic systems where data persistence and integrity, low power, low latency, and security are paramount, such as industrial IoT, network/enterprise infrastructure, process automation and control, aeronautics/avionics, medical, gaming, and FPGA configuration. The industry’s first xSPI serial interface based on Everspin’s unique STT-MRAM technology is the only commercially available persistent memory with full read and write bandwidth of 400 megabytes per second via eight I/O signals with a clock frequency of 200MHz. The new extended EMxxLX family of devices delivers the highest combination of performance, endurance, and retention and is now available in densities from 4 to 64 megabits with new, smaller packaging for the 4-to-16-megabit products. The new 5mm x 6mm DFN package is an area savings of 37% over the existing offering. In addition to the new capacity and smaller packaging, Everspin is delivering an extended temperature range in the EMxxLX products of -40°C to 105°C. The EMxxLX family can replace alternative solutions, such as SRAM, BBSRAM, FRAM, NVSRAM, and NOR flash devices. Everspin is now sampling the 4Mb capacity option with the smaller DFN package with production planned for the first quarter of 2024. The 8Mb through 64Mb capacity options with the extended temperature range are available for production orders now. Recent Insider Transactions • Oct 06
President recently sold €73k worth of stock On the 3rd of October, Sanjeev Aggarwal sold around 8k shares on-market at roughly €9.19 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €307k. Sanjeev has been a net seller over the last 12 months, reducing personal holdings by €530k. Buying Opportunity • Sep 28
Now 20% undervalued Over the last 90 days, the stock is up 18%. The fair value is estimated to be €11.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 7.6% in a year. Earnings is forecast to decline by 76% in the next year. Recent Insider Transactions • Aug 25
Chief Financial Officer recently sold €82k worth of stock On the 23rd of August, Anuj Aggarwal sold around 9k shares on-market at roughly €9.13 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Anuj has been a net seller over the last 12 months, reducing personal holdings by €192k. Buying Opportunity • Aug 14
Now 20% undervalued Over the last 90 days, the stock is up 35%. The fair value is estimated to be €11.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 7.6% in a year. Earnings is forecast to decline by 76% in the next year. New Risk • Aug 04
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 39% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 67% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (3.5% increase in shares outstanding). Significant insider selling over the past 3 months (€116k sold). Reported Earnings • Aug 04
Second quarter 2023 earnings released: EPS: US$0.19 (vs US$0.083 in 2Q 2022) Second quarter 2023 results: EPS: US$0.19 (up from US$0.083 in 2Q 2022). Revenue: US$15.7m (up 7.1% from 2Q 2022). Net income: US$3.89m (up 133% from 2Q 2022). Profit margin: 25% (up from 11% in 2Q 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Aankondiging • Aug 03
Everspin Technologies, Inc. Provides Earnings Guidance for the Third Quarter of 2023 Everspin Technologies, Inc. provided earnings guidance for the third quarter of 2023. For the third quarter 2023, Everspin expects total revenue in a range of $15.4 million to $16.4 million. Everspin expects GAAP net income per basic share to be between $0.01 and $0.06. Aankondiging • Jul 22
Everspin Technologies, Inc. to Report Q2, 2023 Results on Aug 02, 2023 Everspin Technologies, Inc. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Aug 02, 2023 Recent Insider Transactions • Jul 10
President recently sold €66k worth of stock On the 5th of July, Sanjeev Aggarwal sold around 8k shares on-market at roughly €8.39 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Sanjeev has been a net seller over the last 12 months, reducing personal holdings by €144k. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €8.20, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 16x in the Semiconductor industry in Germany. Total returns to shareholders of 56% over the past three years. Reported Earnings • May 05
First quarter 2023 earnings released: EPS: US$0.037 (vs US$0.097 in 1Q 2022) First quarter 2023 results: EPS: US$0.037 (down from US$0.097 in 1Q 2022). Revenue: US$14.8m (up 3.5% from 1Q 2022). Net income: US$761.0k (down 61% from 1Q 2022). Profit margin: 5.1% (down from 14% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 8.9% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €6.45, the stock trades at a trailing P/E ratio of 23.7x. Average forward P/E is 17x in the Semiconductor industry in Germany. Total returns to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.55 per share. Aankondiging • May 05
Everspin Technologies, Inc. Provides Earnings Guidance for the Second Quarter of 2023 Everspin Technologies, Inc. provided earnings guidance for the second quarter of 2023. For the second quarter 2023, the company expects total revenue in a range of $14.5 million to $15.5 million. The company expects GAAP net income per basic share to be between breakeven and $0.05, primarily influenced by expenses related to next generation 28nm STT-MRAM product development and price increases from its suppliers. Recent Insider Transactions • Mar 10
Chairman of the Board recently sold €63k worth of stock On the 8th of March, Darin Billerbeck sold around 10k shares on-market at roughly €6.31 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Darin has been a net seller over the last 12 months, reducing personal holdings by €196k. Reported Earnings • Mar 04
Full year 2022 earnings released: EPS: US$0.30 (vs US$0.22 in FY 2021) Full year 2022 results: EPS: US$0.30 (up from US$0.22 in FY 2021). Revenue: US$60.0m (up 8.8% from FY 2021). Net income: US$6.13m (up 41% from FY 2021). Profit margin: 10% (up from 7.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 2 years, compared to a 8.8% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 15
Everspin Technologies, Inc. to Report Q4, 2022 Results on Mar 01, 2023 Everspin Technologies, Inc. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Mar 01, 2023 Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment improved over the past week After last week's 17% share price gain to €5.90, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 15x in the Semiconductor industry in Germany. Total returns to shareholders of 33% over the past three years. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €5.06, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 15x in the Semiconductor industry in Germany. Negligible returns to shareholders over past three years. Reported Earnings • Nov 11
Third quarter 2022 earnings released: EPS: US$0.094 (vs US$0.045 in 3Q 2021) Third quarter 2022 results: EPS: US$0.094 (up from US$0.045 in 3Q 2021). Revenue: US$15.2m (up 3.0% from 3Q 2021). Net income: US$1.91m (up 117% from 3Q 2021). Profit margin: 13% (up from 5.9% in 3Q 2021). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 9.4% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Aankondiging • Nov 11
Everspin Technologies, Inc. Announces Transition of Darrin Billerbeck from Executive Chairman of the Board Back to Chairman of the Board Everspin Technologies, Inc. announced that on November 8, 2022, Darrin Billerbeck, the Executive Chairman of the Board of Directors of Everspin Technologies, Inc., transitioned from Executive Chairman of the Board back to Chairman of the Board. Aankondiging • Nov 10
Everspin Technologies, Inc. Provides Earnings Guidance for the Fourth Quarter of 2022 Everspin Technologies, Inc. provided earnings guidance for the fourth quarter of 2022. For the fourth quarter 2022, the company expects total revenue in a range of $14.1 million to $15.1 million. The company expects GAAP net income per basic share to be between breakeven and $0.05. Aankondiging • Nov 03
Everspin Technologies, Inc Announces Commercial Availability of Its EMxxLX STT-MRAM Devices Everspin Technologies, Inc. announced that its newest, high-density STT-MRAM product family, the EMxxLX, is now commercially available. The EMxxLX technology, announced earlier this year, is the highest-performing persistent memory available today. It is ideal for use in electronic systems where data persistence and integrity, low power, low latency, and security are paramount, such as industrial IoT, network/enterprise infrastructure, process automation and control, aeronautics/avionics, medical, gaming, and FPGA configurations. The EMxxLX offers the industry’s first xSPI serial interface based on Everspin’s unique STT-MRAM technology. It is the only commercially available persistent memory with a full read and write bandwidth of 400 megabytes per second via eight I/O signals with a clock frequency of 200MHz. The low-power family of devices delivers the highest combination of performance, endurance, and retention available and are offered in densities from 8 to 64 megabits. The EMxxLX family can replace alternative solutions, such as SRAM, BBSRAM, FRAM, NVSRAM, and NOR flash devices. STT-MRAM technology is less susceptible to the effects of radiation than other persistent memories. The EMxxLX product family is suitable for aerospace and aviation applications because of its high reliability, excellent endurance, and fast writing speeds. Aankondiging • Oct 26
Everspin Technologies, Inc. to Report Q3, 2022 Results on Nov 09, 2022 Everspin Technologies, Inc. announced that they will report Q3, 2022 results After-Market on Nov 09, 2022 Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €6.77, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 13x in the Semiconductor industry in Germany. Total returns to shareholders of 11% over the past three years. Recent Insider Transactions • Aug 21
Insider recently sold €160k worth of stock On the 18th of August, Michael Gustafson sold around 22k shares on-market at roughly €7.39 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.3m more than they bought in the last 12 months. Reported Earnings • Aug 13
Second quarter 2022 earnings released: EPS: US$0.083 (vs US$0.013 in 2Q 2021) Second quarter 2022 results: EPS: US$0.083 (up from US$0.013 in 2Q 2021). Revenue: US$14.7m (up 24% from 2Q 2021). Net income: US$1.67m (up US$1.42m from 2Q 2021). Profit margin: 11% (up from 2.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 4.0%, compared to a 12% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Aankondiging • Aug 12
Everspin Technologies, Inc. Provides Earnings Guidance for the Third Quarter 2022 Everspin Technologies, Inc. Provided earnings guidance For the third quarter 2022. For the period, the company expects total revenue in a range of $14.4 million to $15.4 million. Company expects GAAP net income per basic share to be between breakeven and $0.05, primarily influenced by expenses related to next generation 28nm STT MRAM product development and price increases from suppliers.