Everspin Technologies Inc ( (MRAM) ) has released its Q2 earnings. Here is a breakdown of the information Everspin Technologies Inc presented to its investors.
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Everspin Technologies, Inc., headquartered in Chandler, Arizona, is a leading provider of magnetoresistive random access memory (MRAM) solutions, catering to industries such as industrial IoT and data centers with its high-performance non-volatile memory products.
In its unaudited financial results for the second quarter of 2025, Everspin Technologies reported a notable increase in revenue, driven by strong product sales and strategic business developments. The company has expanded its executive team to bolster revenue growth and strategic expansion.
Key financial highlights include a total revenue of $13.2 million, marking an increase from $10.6 million in the same quarter of the previous year. MRAM product sales rose to $11.1 million, and licensing and other revenue saw a significant jump to $2.1 million. The company improved its gross margin to 51.3% and reduced its GAAP net loss to $0.7 million, showing progress from the previous year’s $2.5 million loss.
Everspin’s strategic focus on enhancing its executive team and maintaining a robust product portfolio has positioned it well for future growth. The company anticipates third-quarter revenue to be between $13.5 million and $14.5 million, with a potential shift from a net loss to break-even or slight profit on a non-GAAP basis.
Looking forward, Everspin remains committed to delivering consistent financial performance and exploring new opportunities for growth, while closely monitoring external conditions that may impact its operations.