Strong Revenue Performance
Everspin reported revenue of $13.2 million for Q2 2025, at the high end of their guidance range of $12.5 million to $13.5 million. This reflects strength across all products.
Significant Growth in Licensing and Other Revenue
Licensing, royalty, patent and other revenue increased to $2.1 million in Q2 2025, up from $0.7 million in Q2 2024, driven by the contract with Purdue.
Positive Non-GAAP Earnings
Recorded a non-GAAP net income of $0.7 million or $0.03 per diluted share, a significant improvement from a non-GAAP net loss of $0.6 million or $0.03 per share in Q2 2024.
Strong Cash Flow and Balance Sheet
Cash flow from operations increased to $5.0 million for Q2 2025, up from $1.4 million in Q1, with cash and cash equivalents at $45.0 million, up from $42.2 million in the prior quarter.
Growth in Data Center and Industrial Automation
High single-digit sequential growth in data center business and over 20% growth from the industrial automation sector compared to Q1.