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.

Type
Public
HQ
Chandler, US
Founded
2003
Size (employees)
90 (est)-4%
EverSpin Technologies was founded in 2003 and is headquartered in Chandler, US
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Key People/Management at EverSpin Technologies

Scott Sewell

Scott Sewell

VP of Sales
Phill LoPresti

Phill LoPresti

Advisor
Tom Andre

Tom Andre

VP of Engineering

EverSpin Technologies Office Locations

EverSpin Technologies has offices in Austin and Chandler
Chandler, US (HQ)
220 1347 N Alma School Rd
Austin, US
360
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EverSpin Technologies Financials and Metrics

EverSpin Technologies Financials

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

Revenue (Q3, 2017)

9 m

Gross profit (Q3, 2017)

5.3 m

Gross profit margin (Q3, 2017), %

58.3%

Net income (Q3, 2017)

(5.4 m)

EBIT (Q3, 2017)

(5.3 m)

Market capitalization (20-Apr-2018)

96.2 m

Cash (30-Sep-2017)

17.8 m

EV

90.4 m
EverSpin Technologies's current market capitalization is $96.2 m.
Annual
USDFY, 2014FY, 2015FY, 2016

Revenue

24.9 m26.5 m27.1 m

Revenue growth, %

7%2%

Cost of goods sold

11.8 m12.6 m12.4 m

Gross profit

13.1 m14 m14.7 m
Quarterly
USDQ3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

7.1 m6.2 m6.7 m7.2 m7.9 m8.9 m9 m

Cost of goods sold

3.5 m2.5 m3.2 m2.9 m3.7 m3.1 m3.8 m

Gross profit

3.6 m3.7 m3.5 m4.3 m4.2 m5.8 m5.3 m

Gross profit Margin, %

51%59%53%60%54%65%58%
Annual
USDFY, 2015FY, 2016

Cash

2.3 m29.7 m

Accounts Receivable

1.9 m3.2 m

Prepaid Expenses

190 k1.1 m

Inventories

4.2 m5.1 m
Quarterly
USDQ3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

2 m24.5 m21.2 m17.8 m

Accounts Receivable

2.3 m2.7 m3.6 m3.7 m

Prepaid Expenses

467 k839 k1 m730 k

Inventories

5.3 m5.8 m6.7 m7.7 m
Annual
USDFY, 2014FY, 2015FY, 2016

Net Income

(10.2 m)(18.2 m)(16.7 m)

Depreciation and Amortization

1.5 m1.3 m826 k

Inventories

(297 k)(431 k)(893 k)

Accounts Payable

514 k233 k340 k
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

(4.5 m)(10 m)(11.4 m)(6.1 m)(11.3 m)(16.7 m)

Depreciation and Amortization

196 k380 k598 k232 k510 k837 k

Inventories

27 k404 k(277 k)(755 k)(1.6 m)320 k

Accounts Payable

(871 k)967 k598 k695 k51 k574 k
USDY, 2017

EV/EBIT

-17 x

EV/CFO

-6.2 x

Revenue/Employee

95.8 k

Debt/Equity

0.9 x

Debt/Assets

0.3 x

Financial Leverage

2.4 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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