Buy Or Sell Opportunity • Jun 10
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 158% to US$23.25. The fair value is estimated to be US$19.24, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.2% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 40% in 2 years. Earnings are forecast to grow by 1,395% in the next 2 years. Recent Insider Transactions • Jun 07
Independent Director recently sold US$7.1m worth of stock On the 29th of May, Lawrence Finch sold around 268k shares on-market at roughly US$26.40 per share. This transaction amounted to 61% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$12m more than they bought in the last 12 months. Recent Insider Transactions • May 13
President recently sold US$557k worth of stock On the 4th of May, Sanjeev Aggarwal sold around 28k shares on-market at roughly US$19.58 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 US$1.3m. Buy Or Sell Opportunity • May 10
Now 36% overvalued after recent price rise Over the last 90 days, the stock has risen 140% to US$27.46. The fair value is estimated to be US$20.23, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.2% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 40% in 2 years. Earnings are forecast to grow by 1,395% in the next 2 years. Reported Earnings • May 05
First quarter 2026 earnings released: US$0.013 loss per share (vs US$0.053 loss in 1Q 2025) First quarter 2026 results: US$0.013 loss per share (improved from US$0.053 loss in 1Q 2025). Revenue: US$14.9m (up 13% from 1Q 2025). Net loss: US$296.0k (loss narrowed 75% from 1Q 2025). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 135 percentage points per year, which is a significant difference in performance. Announcement • 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). Announcement • 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 Announcement • Apr 09
Everspin Technologies, Inc., Annual General Meeting, May 21, 2026 Everspin Technologies, Inc., Annual General Meeting, May 21, 2026. Announcement • 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. New Risk • Mar 06
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: US$586k Forecast net loss in 3 years: US$1.8m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings are forecast to decline by an average of 29% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$1.8m net loss in 3 years). Significant insider selling over the past 3 months (US$341k sold). Reported Earnings • Mar 06
Third quarter 2025 earnings released: EPS: US$0.002 (vs US$0.10 in 3Q 2024) Third quarter 2025 results: EPS: US$0.002 (down from US$0.10 in 3Q 2024). Revenue: US$14.1m (up 16% from 3Q 2024). Net income: US$54.0k (down 98% from 3Q 2024). Profit margin: 0.4% (down from 19% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.1% p.a. on average during the next 4 years, compared to a 12% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. New Risk • Mar 05
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 22% 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 Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings are forecast to decline by an average of 22% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (US$341k sold). Announcement • 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 Announcement • 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. Recent Insider Transactions • Jan 09
President recently sold US$259k worth of stock On the 5th of January, Sanjeev Aggarwal sold around 25k shares on-market at roughly US$10.22 per share. This transaction amounted to 8.2% 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 US$638k. Recent Insider Transactions • Nov 28
Independent Director recently sold US$58k worth of stock On the 25th of November, Tara Long sold around 8k shares on-market at roughly US$7.70 per share. This transaction amounted to 10% 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 US$174k. Insiders have been net sellers, collectively disposing of US$829k more than they bought in the last 12 months. Announcement • 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. Reported Earnings • Nov 07
Third quarter 2025 earnings released: EPS: US$0.002 (vs US$0.10 in 3Q 2024) Third quarter 2025 results: EPS: US$0.002 (down from US$0.10 in 3Q 2024). Revenue: US$14.1m (up 16% from 3Q 2024). Net income: US$54.0k (down 98% from 3Q 2024). Profit margin: 0.4% (down from 19% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 9.3% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Announcement • 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. Announcement • 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 Recent Insider Transactions • Oct 06
President recently sold US$174k worth of stock On the 2nd of October, Sanjeev Aggarwal sold around 17k shares on-market at roughly US$10.15 per share. This transaction amounted to 8.5% 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 US$555k. New Risk • Sep 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Significant insider selling over the past 3 months (US$120k sold). Reported Earnings • Aug 08
Second quarter 2025 earnings released: US$0.03 loss per share (vs US$0.12 loss in 2Q 2024) Second quarter 2025 results: US$0.03 loss per share (improved from US$0.12 loss in 2Q 2024). Revenue: US$13.2m (up 24% from 2Q 2024). Net loss: US$670.0k (loss narrowed 73% from 2Q 2024). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 8.4% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • 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. Announcement • 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 Recent Insider Transactions • Jul 10
President recently sold US$112k worth of stock On the 2nd of July, Sanjeev Aggarwal sold around 17k shares on-market at roughly US$6.47 per share. This transaction amounted to 7.3% 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 US$114k. Sanjeev has been a net seller over the last 12 months, reducing personal holdings by US$477k. Announcement • 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. Recent Insider Transactions • May 09
Insider recently sold US$114k worth of stock On the 5th of May, David Schrenk sold around 20k shares on-market at roughly US$5.70 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$847k more than they bought in the last 12 months. New Risk • May 04
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: US$183k Forecast net loss in 1 year: US$442k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (US$442k net loss next year). Share price has been volatile over the past 3 months (8.1% average weekly change). Significant insider selling over the past 3 months (US$124k sold). Buy Or Sell Opportunity • May 01
Now 12% overvalued Over the last 90 days, the stock has fallen 3.2% to US$5.99. The fair value is estimated to be US$5.34, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.6% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 13% in a year. Earnings are forecast to decline by 687% in the next year. New Risk • May 01
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: US$183k Forecast net loss in 1 year: US$1.4m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (US$1.4m net loss next year). Significant insider selling over the past 3 months (US$124k sold). Reported Earnings • May 01
First quarter 2025 earnings released: US$0.053 loss per share (vs US$0.01 loss in 1Q 2024) First quarter 2025 results: US$0.053 loss per share (further deteriorated from US$0.01 loss in 1Q 2024). Revenue: US$13.1m (down 9.0% from 1Q 2024). Net loss: US$1.17m (loss widened 477% from 1Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • 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. Announcement • 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 New Risk • Apr 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$97.4m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (1.5% net profit margin). Significant insider selling over the past 3 months (US$124k sold). Market cap is less than US$100m (US$97.4m market cap). Announcement • Apr 08
Everspin Technologies, Inc., Annual General Meeting, May 22, 2025 Everspin Technologies, Inc., Annual General Meeting, May 22, 2025. Recent Insider Transactions • Apr 07
President recently sold US$84k worth of stock On the 2nd of April, Sanjeev Aggarwal sold around 17k shares on-market at roughly US$5.00 per share. This trade did not impact their existing holding. 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 US$471k. Board Change • Apr 01
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. Announcement • 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. Buy Or Sell Opportunity • Mar 05
Now 20% overvalued Over the last 90 days, the stock has fallen 8.7% to US$5.56. The fair value is estimated to be US$4.62, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 28%. Revenue is forecast to grow by 25% in 2 years. Earnings are forecast to grow by 169% in the next 2 years. Announcement • 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. Reported Earnings • Feb 27
Full year 2024 earnings released: EPS: US$0.036 (vs US$0.44 in FY 2023) Full year 2024 results: EPS: US$0.036 (down from US$0.44 in FY 2023). Revenue: US$50.4m (down 21% from FY 2023). Net income: US$781.0k (down 91% from FY 2023). Profit margin: 1.5% (down from 14% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 25% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Announcement • 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 Announcement • 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. Recent Insider Transactions • Jan 08
President recently sold US$176k worth of stock On the 3rd of January, Sanjeev Aggarwal sold around 28k shares on-market at roughly US$6.29 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. Sanjeev has been a net seller over the last 12 months, reducing personal holdings by US$528k. Announcement • 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 30% growth forecast for the Semiconductor industry in the United Kingdom. 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 3% per year. Announcement • 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 07
President recently sold US$97k worth of stock On the 2nd of October, Sanjeev Aggarwal sold around 18k shares on-market at roughly US$5.54 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 US$456k. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$5.94, the stock trades at a trailing P/E ratio of 75.8x. Average forward P/E is 7x in the Semiconductor industry in Europe. Negligible returns to shareholders over past three years. Announcement • 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 01
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 18% growth forecast for the Semiconductor industry in the United Kingdom. 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 1% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jul 06
President recently sold US$106k worth of stock On the 2nd of July, Sanjeev Aggarwal sold around 18k shares on-market at roughly US$6.01 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 US$774k. 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 US$6.20, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 16x in the Semiconductor industry in Europe. Total returns to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$2.80 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 (9.3% 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 (US$472k sold). Announcement • 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 03
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 18% growth forecast for the Semiconductor industry in the United Kingdom. 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 6% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • May 03
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to US$6.45. The fair value is estimated to be US$8.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. Announcement • 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 Announcement • 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. Announcement • 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 US$137k worth of stock On the 2nd of April, Sanjeev Aggarwal sold around 17k shares on-market at roughly US$7.84 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 US$164k. Sanjeev has been a net seller over the last 12 months, reducing personal holdings by US$739k. Announcement • 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 US$164k worth of stock On the 6th of March, Anuj Aggarwal sold around 20k shares on-market at roughly US$8.21 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 US$636k. Announcement • 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 3.3% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Semiconductor industry in the United Kingdom. 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 19% per year, which means it is significantly lagging earnings growth. Announcement • 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 US$105k worth of stock On the 3rd of January, Sanjeev Aggarwal sold around 12k shares on-market at roughly US$8.55 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 US$132k. Sanjeev has been a net seller over the last 12 months, reducing personal holdings by US$641k. Recent Insider Transactions • Dec 13
Chairman of the Board recently sold US$87k worth of stock On the 8th of December, Darin Billerbeck sold around 10k shares on-market at roughly US$8.73 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 US$257k. New Risk • Nov 11
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 31% 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 Risks Shares are highly illiquid. Earnings are forecast to decline by an average of 60% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (3.3% increase in shares outstanding). Significant insider selling over the past 3 months (US$681k sold). New Risk • Nov 03
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 60% 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 60% per year for the foreseeable future. Minor Risks Shareholders have been diluted in the past year (3.1% increase in shares outstanding). Significant insider selling over the past 3 months (US$753k sold). Reported Earnings • Nov 02
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 21% growth forecast for the Semiconductor industry in the United Kingdom. Announcement • 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 30
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 3.1%. The fair value is estimated to be US$11.94, 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.