OverviewSuggest Edit

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.

TypePublic
Founded2003
HQChandler, AZ, US
Websiteeverspin.com
Employee Ratings3.9
Overall CultureA+

Latest Updates

Employees (est.) (Dec 2019)88(-7%)
Job Openings1
Revenue (FY, 2020)$42 M(+13%)
Share Price (Sept 2021)$6.7
Cybersecurity ratingAMore

Key People/Management at EverSpin Technologies

Darin Billerbeck

Darin Billerbeck

Interim President and CEO, Chairman of the Board
Anuj Aggarwal

Anuj Aggarwal

Interim Chief Financial Officer
Yong Kim

Yong Kim

Vice President, Engineering
Sanjeev Aggarwal

Sanjeev Aggarwal

CTO; Vice President, Operations & Technology R&D
Troy Winslow

Troy Winslow

Vice President, Sales and Marketing
Show more

EverSpin Technologies Office Locations

EverSpin Technologies has an office in Chandler
Chandler, AZ, US (HQ)
5670 W Chandler Blvd #100
Show all (1)

EverSpin Technologies Financials and Metrics

EverSpin Technologies Revenue

Embed Graph
View revenue for all periods
EverSpin Technologies's revenue was reported to be $42.03 m in FY, 2020 which is a 12.1% increase from the previous period.
USD

Revenue (Q2, 2021)

11.8m

Gross profit (Q2, 2021)

7.2m

Gross profit margin (Q2, 2021), %

60.7%

Net income (Q2, 2021)

256.0k

EBIT (Q2, 2021)

456.0k

Market capitalization (16-Sept-2021)

129.5m

Closing stock price (16-Sept-2021)

6.7

Cash (30-Jun-2021)

14.2m

EV

123.9m
EverSpin Technologies's current market capitalization is $129.5 m.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

49.4m37.5m42.0m

Revenue growth, %

38%(24%)12%

Cost of goods sold

24.1m19.2m23.9m

Gross profit

25.3m18.3m18.1m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

10.0m8.6m9.2m10.1m11.8m10.1m10.3m11.8m

Cost of goods sold

5.2m4.6m4.8m4.8m6.6m7.8m4.3m4.7m

Gross profit

4.8m4.0m4.4m5.4m5.2m2.3m6.0m7.2m

Gross profit Margin, %

48%46%47%53%44%23%58%61%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

23.4m14.5m14.6m

Accounts Receivable

7.5m5.8m7.6m

Prepaid Expenses

688.0k539.0k270.0k

Inventories

9.1m7.9m5.7m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Cash

18.5m15.3m14.8m14.0m12.9m13.9m15.5m14.2m

Accounts Receivable

6.0m5.9m5.6m6.3m7.3m8.2m10.3m10.4m

Prepaid Expenses

595.0k488.0k222.0k518.0k501.0k99.0k208.0k221.0k

Inventories

9.7m9.0m8.3m7.9m8.4m6.2m5.4m6.6m
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

(17.8m)(14.7m)(8.5m)

Depreciation and Amortization

1.5m1.7m2.0m

Inventories

694.0k1.2m2.1m

Accounts Payable

(178.0k)202.0k(820.0k)
Quarterly
USDFY, 2018

EV/EBIT

-4.9 x

EV/CFO

-5.8 x

Revenue/Employee

516.1k

Debt/Equity

0.5 x

Debt/Assets

0.3 x

Financial Leverage

1.8 x

P/E Ratio

(5.2)
Show all financial metrics

EverSpin Technologies Operating Metrics

EverSpin Technologies's Customers was reported to be 1.3 k in Mar, 2021.
FY, 2018FY, 2019FY, 2020Mar, 2021

Customers

8001 k1.1 k1.3 k

Twelve-Month Backlog

$13 m$16.2 m$17.7 m

Patents Issued

426476508

Patent Applications

162157117
Show all operating metrics

EverSpin Technologies Revenue Breakdown

Embed Graph

EverSpin Technologies revenue breakdown by business segment: 97.6% from Product sales and 2.4% from Other

EverSpin Technologies revenue breakdown by geographic segment: 21.9% from North America, 7.8% from EMEA and 70.4% from APJ

EverSpin Technologies Cybersecurity Score

Cybersecurity ratingPremium dataset

A

94/100

SecurityScorecard logo

EverSpin Technologies Online and Social Media Presence

Embed Graph

EverSpin Technologies Company Culture

  • Overall Culture

    A+

    94/100

  • CEO Rating

    A+

    100/100

  • Compensation

    A+

    100/100

Learn more on Comparably

EverSpin Technologies News and Updates

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Everspin Technologies, Inc. - MRAM

NEW YORK, Nov. 16, 2020 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Everspin Technologies, Inc. (“Everspin” or the “Company”) (NASDAQ: MRAM). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Everspin Technologies, Inc. - MRAM

NEW YORK, Nov. 10, 2020 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Everspin Technologies, Inc. ("Everspin" or the "Company") (NASDAQ: MRAM). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980....

EverSpin Technologies Frequently Asked Questions

  • When was EverSpin Technologies founded?

    EverSpin Technologies was founded in 2003.

  • Who are EverSpin Technologies key executives?

    EverSpin Technologies's key executives are Darin Billerbeck, Anuj Aggarwal and Yong Kim.

  • How many employees does EverSpin Technologies have?

    EverSpin Technologies has 88 employees.

  • What is EverSpin Technologies revenue?

    Latest EverSpin Technologies annual revenue is $42 m.

  • What is EverSpin Technologies revenue per employee?

    Latest EverSpin Technologies revenue per employee is $477.6 k.

  • Who are EverSpin Technologies competitors?

    Competitors of EverSpin Technologies include Crossbar, Cypress Semiconductor and AVCOM of Virginia.

  • Where is EverSpin Technologies headquarters?

    EverSpin Technologies headquarters is located at 5670 W Chandler Blvd #100, Chandler.

  • Where are EverSpin Technologies offices?

    EverSpin Technologies has an office in Chandler.

  • How many offices does EverSpin Technologies have?

    EverSpin Technologies has 1 office.