EverSpin Technologies

Manufacturing & Industrial Technology electronic components semiconductors storage

Everspin Technologies manufactures and sells magnetoresistive random access memory (MRAM) products. The Company offers first generation, second generation, third generation, embedded MRAM, magnetic sensor, and aerospace and satellite electronic systems. Everspin Technologies provides its products for applications, including industrial, automotive, transportation, and enterprise storage markets.

Revenue(FY, 2016)

$27.1 M

Market capitalization(2018-07-11)

$154.9 M

Patent Applications (FY, 2016)

157

Type

Public

Chandler, US

Founded

2003

Size (employees)

90 (est)-4%

Website

everspin.com

EverSpin Technologies was founded in 2003 and is headquartered in Chandler, US

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Key People/Management at EverSpin Technologies

Scott Sewell

VP of Sales

Phill LoPresti

Advisor

Tom Andre

VP of Engineering

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EverSpin Technologies Office Locations

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EverSpin Technologies has an office in Chandler

Chandler, US (HQ)

220 1347 N Alma School Rd

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EverSpin Technologies Financials and Metrics

EverSpin Technologies Revenue

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EverSpin Technologies's revenue was reported to be $27.09 m in FY, 2016 which is a 2.1% increase from the previous period.

Summary

USD
Revenue (Q1, 2018)	14.9 m
Gross profit (Q1, 2018)	10 m
Gross profit margin (Q1, 2018), %	67%
EBIT (Q1, 2018)	(1.1 m)
Market capitalization (11-Jul-2018)	154.9 m
Closing share price (11-Jul-2018)	9.3
Cash (31-Mar-2018)	33.9 m
EV	133.3 m

EverSpin Technologies's current market capitalization is $154.9 m.

Income Statement

Annual

USD	FY, 2014	FY, 2015	FY, 2016
Revenue	24.9 m	26.5 m	27.1 m
Revenue growth, %		7%	2%
Cost of goods sold	11.8 m	12.6 m	12.4 m
Gross profit	13.1 m	14 m	14.7 m

Quarterly

USD	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018
Revenue	7.1 m	6.2 m	6.7 m	7.2 m	7.9 m	8.9 m	9 m	14.9 m
Cost of goods sold	3.5 m	2.5 m	3.2 m	2.9 m	3.7 m	3.1 m	3.8 m	4.9 m
Gross profit	3.6 m	3.7 m	3.5 m	4.3 m	4.2 m	5.8 m	5.3 m	10 m
Gross profit Margin, %	51%	59%	53%	60%	54%	65%	58%	67%

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Balance Sheet

Annual

USD	FY, 2015	FY, 2016
Cash	2.3 m	29.7 m
Accounts Receivable	1.9 m	3.2 m
Prepaid Expenses	190 k	1.1 m
Inventories	4.2 m	5.1 m

Quarterly

USD	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018
Cash	2 m	24.5 m	21.2 m	17.8 m	33.9 m
Accounts Receivable	2.3 m	2.7 m	3.6 m	3.7 m	8.9 m
Prepaid Expenses	467 k	839 k	1 m	730 k
Inventories	5.3 m	5.8 m	6.7 m	7.7 m	8.9 m

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Cash Flow

Annual

USD	FY, 2014	FY, 2015	FY, 2016
Net Income	(10.2 m)	(18.2 m)	(16.7 m)
Depreciation and Amortization	1.5 m	1.3 m	826 k
Inventories	(297 k)	(431 k)	(893 k)
Accounts Payable	514 k	233 k	340 k

Quarterly

USD	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017
Net Income	(4.5 m)	(10 m)	(11.4 m)	(6.1 m)	(11.3 m)	(16.7 m)
Depreciation and Amortization	196 k	380 k	598 k	232 k	510 k	837 k
Inventories	27 k	404 k	(277 k)	(755 k)	(1.6 m)	320 k
Accounts Payable	(871 k)	967 k	598 k	695 k	51 k	574 k

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Ratios

USD	Y, 2018
EV/EBIT	-120.1 x
Financial Leverage	1.6 x

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EverSpin Technologies Operating Metrics

EverSpin Technologies's Patent Applications was reported to be 157 in FY, 2016.

	FY, 2016
Total Units Delivered	60 m
Twelve-month Backlog	$7.40 m
Patents Issued	341
Patent Applications	157

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EverSpin Technologies Revenue Breakdown

Geographic Segment

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EverSpin Technologies revenue breakdown by geographic segment: 8.0% from Taiwan, 11.1% from Germany, 12.1% from Japan, 20.2% from Singapore, 24.8% from All other, 7.8% from Hong Kong and 15.9% from United States

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