NASDAQ$MRAM

Everspin Technologies Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Everspin achieved its first quarter with net income and revenue increased slightly.

Everspin Technologies reported its Q2 2021 financial results, marking the first time in company history with GAAP net income positive for a quarter. Total revenue for the second quarter of 2021 was $11.85 million, relatively flat compared to Q2 2020. The company ended the quarter with $14.2 million in cash and cash equivalents.

  • Q2’21 revenue increased 15% from the prior quarter to $11.85 million.
  • Q2’21 revenue was relatively flat to Q2’20 Revenue of $11.83 million.
  • The Company reported net income of $256k for Q2’21.
  • Ended Q2’21 with cash and equivalents of $14.2 million.

Headline financials

Total Revenue

$11.8M

Previous: $11.8M+0.2%
EPS (adj)

$0.01

Previous: -$0.02+150.0%
Gross Margin

60.7%

No prior period
Capital Expenditures

-$554K

Previous: -$277K-100.0%
Free Cash Flow

-$298K

Previous: -$1.57M+81.0%
Net Income

$256K

Previous: -$1.29M+119.8%
Operating Income

$456K

Previous: -$1.09M+142.0%
Gross Profit

$7.2M

Previous: $5.19M+38.6%
Cash & Equivalents

$14.2M

Previous: $12.9M+10.1%
Total Assets

$34.6M

Previous: $35.1M-1.3%
Stock-Based Comp

$704K

Previous: $918K-23.3%

Revenue & EPS history

Everspin · Revenue · Quarterly

$11.8M

Q2 2021+0.2%vs Q2 2020
Beat estimate in 5 of 16 quarters(31%)
ActualEstimate

Revenue by segment

Everspin · $11.8M total across 2 segments · Q2 2021

  • Product Sales
    $10.2M-6.8%
  • Licensing and Other
    $1.66M+84.8%

Forward guidance

For the third quarter of 2021, Everspin expects total revenue in a range between $11.7 million and $12.7 million. GAAP net loss per share is expected to range between ($0.04) and ($0.07) per share.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+0.1%

Avg return

Earnings day

+1.6%

Avg return

5 days after

+5.8%

Avg return

30 days after

39%

15 / 38 earnings

Positive

+62.7%

Q3 2021

Best reaction

-25.8%

Q2 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.5%+47.0%+106.8%
Q4 2025-15.5%-15.2%-12.1%
Q3 2025-18.0%-12.7%-17.7%
Q1 2025+11.7%+7.4%+5.8%
Q4 2024-1.4%-3.3%-10.7%
Q3 2024-7.6%-13.2%-8.2%
Q2 2024-2.4%-10.7%-9.9%
Q1 2024-12.3%-15.8%-19.7%
Q4 2023-11.2%-7.1%-13.2%
Q3 2023-13.5%-8.7%-7.2%
Q2 2023+4.2%+6.1%+4.9%
Q1 2023+7.6%+10.5%+29.7%
Q4 2022+0.3%-1.6%-1.3%
Q3 2022-14.1%-7.4%-3.0%
Q2 2022+41.9%+38.6%+10.8%
Q1 2022-10.4%-9.9%-11.0%
Q4 2021-9.1%-13.1%-12.5%
Q3 2021+62.7%+101.7%+65.5%
Q2 2021+3.4%-2.7%+20.0%
Q1 2021+5.2%+3.6%+22.0%
Q4 2020-4.9%-2.3%+4.0%
Q3 2020-21.7%-21.9%-32.4%
Q2 2020-25.8%-39.5%-38.9%
Q1 2020+52.8%+78.3%+119.8%
Q4 2019+13.3%+15.1%+16.4%
Q3 2019-6.6%-6.5%-15.5%
Q2 2019-1.7%+5.7%+11.6%
Q1 2019-0.8%-9.6%-21.3%
Q4 2018-2.3%-5.7%+0.0%
Q3 2018+1.6%+1.4%-16.2%
Q2 2018-12.5%-16.4%-15.8%
Q1 2018+20.8%+19.1%+11.4%
Q4 2017-14.7%-12.7%-12.1%
Q3 2017-9.7%-12.8%-23.9%
Q2 2017-19.5%-18.0%-11.6%
Q1 2017+11.5%+2.5%+100.0%
Q4 2016-3.3%-14.0%-1.0%
Q3 2016+1.6%+5.9%+6.6%
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015

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