Everspin Technologies Third Quarter 2024 Earnings: EPS Beats Expectations

Everspin Technologies (NASDAQ:MRAM) Third Quarter 2024 Results

Key Financial Results

• 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).
• EPS: US$0.10 (down from US$0.12 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Everspin Technologies EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's shares are down 3.0% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Everspin Technologies has 4 warning signs we think you should be aware of.

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