Wed, Apr 30, 9:20 PM (23 days ago)
**Everspin Technologies, Inc. (MRAM) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** $13.1 million, down 9.0% from $14.4 million in Q1 2024. - **Gross Profit:** $6.8 million, down from $8.2 million in Q1 2024. - **Gross Margin:** 51.4%, down from 56.5% in Q1 2024. - **Net Loss:** $1.2 million, wider than the $0.2 million loss in Q1 2024. - **Operating Expenses:** $8.7 million, slightly down from $8.8 million in Q1 2024. - **Cash Flow from Operations:** Positive $1.4 million, a significant improvement from a negative $1.3 million in Q1 2024. **Key Metrics and Trends:** - **Revenue Mix:** 84% from product sales, 16% from licensing, royalty, and other revenue. - **Geographic Revenue:** 55% from APAC, 19% from North America, 26% from EMEA. - **Operating Expenses:** Research and development at 26% of revenue, general and administrative at 29%, sales and marketing at 11%. - **Cash Position:** $42.2 million in cash and cash equivalents, stable from the previous quarter. **Uncertainties and Future Operations:** - **Trade Policies:** Potential impacts from tariffs and trade restrictions on raw materials, components, and finished goods. - **Economic Conditions:** Inflationary pressures, foreign exchange volatility, and financial market instability may affect customer demand and operational expenses. - **Strategic Initiatives:** Continued focus on MRAM technology development and manufacturing services for aerospace and defense segments. **Management's Outlook:** - Everspin remains focused on MRAM technology leadership, aiming to deliver superior performance, persistence, and reliability in non-volatile memories. - The company is monitoring trade developments and economic conditions, which may impact strategic planning and operational decisions. - Everspin believes its cash position is sufficient to meet anticipated capital requirements in the next 12 months.