Everspin Technologies (MRAM) AI Stock Analysis

• Market Cap: $205.82M
• Dividend Yield: N/A
• Average Volume (3M): 390.21K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.32
• Revenue Growth: -0.41%
• EPS Growth: -134.49%
• Country: US
• Employees: 86
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): 0.00
• Shares Outstanding: 22,856,514
• 10 Day Avg. Volume: 263,687
• 30 Day Avg. Volume: 390,211
• PEG Ratio: -1.93
• Price to Book (P/B): 2.21
• Price to Sales (P/S): 2.74
• P/FCF Ratio: 34.15
• Enterprise Value/Market Cap: 0.87
• Enterprise Value/Revenue: 3.33
• Enterprise Value/Gross Profit: 6.49
• Enterprise Value/Ebitda: 523.95
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 57 Neutral
• Price Target: $9.00 ▼(-13.96% Downside)

Everspin Technologies' overall stock score is driven by its mixed financial performance, with strong revenue growth and a solid balance sheet offset by significant profitability challenges. Technical indicators suggest potential short-term weakness, while valuation metrics highlight ongoing concerns. The earnings call provided positive insights into revenue growth and strategic collaborations, but profitability remains a key issue.

Positive Factors

Strategic Collaborations

The collaboration with Quintauris strengthens Everspin's position in automotive and industrial sectors, enhancing product reliability and expanding market reach.

Revenue Growth

Consistent revenue growth indicates strong demand for Everspin's products, supporting long-term financial health and market expansion.

Strong Balance Sheet

A strong, debt-free balance sheet provides financial stability and flexibility for future investments and growth opportunities.

Negative Factors

Decreased Licensing Revenue

A decline in licensing revenue can impact profitability and indicates potential challenges in monetizing intellectual property.

Profitability Challenges

Decreased non-GAAP net income suggests challenges in maintaining profitability, which could affect long-term financial performance.

Lumpiness in DoD Contract Services

Variability in DoD contract services revenue introduces uncertainty in earnings, potentially impacting financial predictability.

Everspin Technologies Business Overview & Revenue Model

Company Description

Everspin Technologies is a leading provider of Magnetoresistive Random Access Memory (MRAM) solutions, specializing in advanced non-volatile memory technology. The company primarily operates in the semiconductor sector, focusing on developing and manufacturing MRAM products that offer significant speed and endurance advantages over traditional memory technologies. Everspin's core offerings include standalone MRAM chips and embedded MRAM for various applications, including automotive, industrial, and data center markets, addressing the growing demand for high-performance, reliable memory solutions.

How the Company Makes Money

Everspin generates revenue primarily through the sale of its MRAM products, which include both standalone chips and embedded memory solutions. The company has established key partnerships with major players in the semiconductor industry, enabling it to integrate its technology into a variety of applications across automotive, industrial automation, and computing sectors. Significant revenue streams come from direct sales to original equipment manufacturers (OEMs) and distributors, as well as licensing agreements for its proprietary MRAM technology. The company also benefits from government contracts and grants aimed at promoting advanced semiconductor technologies, further contributing to its earnings.

Everspin Technologies Financial Statement Overview

Summary

Everspin Technologies shows modest revenue growth and a strong balance sheet with low leverage. However, profitability is a significant challenge, with negative net profit margins and declining free cash flow growth, which could impact future financial flexibility.

Income Statement

Everspin Technologies shows a modest revenue growth rate of 3.8% in the TTM, indicating some positive momentum. However, the company is struggling with profitability, as evidenced by negative net profit and EBIT margins. The gross profit margin remains healthy at over 51%, suggesting efficient production processes, but the overall profitability needs improvement.

Balance Sheet

The company's balance sheet is relatively strong with a low debt-to-equity ratio of 0.056, indicating low leverage and financial stability. However, the return on equity is negative, reflecting challenges in generating returns for shareholders. The equity ratio is solid, suggesting a strong capital structure.

Cash Flow

Everspin Technologies has a robust operating cash flow to net income ratio, indicating efficient cash generation from operations. However, the free cash flow growth rate is negative, which is a concern for future investments and liquidity. The free cash flow to net income ratio is healthy, showing good cash conversion.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	53.64M	50.40M	63.77M	59.98M	55.15M	42.03M
Gross Profit	27.52M	26.13M	37.24M	33.95M	33.07M	18.09M
EBITDA	341.00K	2.47M	7.09M	7.40M	6.35M	-5.61M
Net Income	-508.00K	781.00K	9.05M	6.13M	4.34M	-8.51M
Balance Sheet
Total Assets	80.27M	77.79M	67.30M	55.33M	39.38M	32.53M
Cash, Cash Equivalents and Short-Term Investments	45.26M	42.10M	36.95M	26.80M	21.41M	14.60M
Total Debt	8.43M	4.64M	5.58M	9.30M	5.69M	10.40M
Total Liabilities	14.45M	15.20M	13.38M	16.67M	12.14M	15.12M
Stockholders Equity	65.82M	62.59M	53.92M	38.66M	27.24M	17.41M
Cash Flow
Free Cash Flow	6.17M	4.05M	11.72M	6.71M	8.33M	-3.24M
Operating Cash Flow	11.17M	7.10M	13.13M	9.49M	9.36M	-2.92M
Investing Cash Flow	-6.49M	-3.06M	-1.39M	-2.59M	-1.03M	-320.00K
Financing Cash Flow	991.00K	1.11M	-1.59M	-1.52M	-1.52M	3.35M

Everspin Technologies Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 10.46
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MRAM, the sentiment is Neutral. The current price of 10.46 is above the 20-day moving average (MA) of 10.31, above the 50-day MA of 9.28, and above the 200-day MA of 6.71, indicating a neutral trend. The MACD of -0.04 indicates Positive momentum. The RSI at 45.73 is Neutral, neither overbought nor oversold. The STOCH value of 25.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for MRAM.

Everspin Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NVEC	71 Outperform	$314.27M	22.74	22.20%	6.11%	-9.48%	-14.28%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
AXTI	58 Neutral	$436.34M	―	-12.00%	―	-4.54%	-118.93%
MRAM	57 Neutral	$205.82M	―	-0.91%	―	-0.41%	-134.49%
XPER	54 Neutral	$294.68M	-74.77	1.74%	―	-10.74%	―
ALMU	53 Neutral	$258.79M	―	-29.96%	―	407.86%	36.73%
ATOM	39 Underperform	$89.97M	-4.20	-116.86%	―	-94.26%	3.20%

Everspin Technologies Corporate Events

Everspin Technologies Reports Strong Q3 Growth Amid Challenges

Everspin Technologies’ recent earnings call reflected a positive sentiment, highlighting strong revenue growth and improvements in gross margin. The company emphasized its strategic collaborations and robust balance sheet, although it acknowledged challenges such as decreased licensing revenue and variability in Department of Defense (DoD) contract services impacting non-GAAP net income.

Everspin Technologies Reports Strong Q3 Revenue Growth

Everspin Technologies, Inc., headquartered in Chandler, Arizona, is the leading provider of magnetoresistive random access memory (MRAM) solutions, catering to industrial IoT, data centers, and other mission-critical applications requiring robust, non-volatile memory.

Everspin Technologies’ Earnings Call Highlights Growth and Optimism

Everspin Technologies’ recent earnings call reflected a generally positive sentiment, underscored by strong revenue performance and growth in key sectors such as data center and industrial automation. The company showcased significant improvements in non-GAAP earnings and cash flow, highlighting effective financial management. Despite minor challenges in maintaining gross margin levels and improving product yields, the positive aspects significantly overshadowed the lowlights.

Everspin Technologies Reports Strong Q2 2025 Results

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.