Everspin Technologies, Inc. (MRAM) 10-Year Financial Performance & Capital Metrics

MRAM •

TechnologySemiconductorsMemory and Storage Semiconductors

AboutEverspin Technologies, Inc. manufactures and sells magnetoresistive random access memory (MRAM) products in the United States, Hong Kong, Japan, China, Canada, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and tunnel magneto resistance sensor products, as well as foundry services for embedded MRAM. The company provides its products for applications, including data center, industrial, medical, automotive/transportation, and aerospace markets. It serves original equipment manufacturers and original design manufacturers through a direct sales channel and a network of representatives and distributors. Everspin Technologies, Inc. was incorporated in 2008 and is headquartered in Chandler, Arizona.Show more

Revenue $50M -21.0%
EBITDA -$5M -175.6%
Net Income $781K -91.4%
EPS (Diluted) 0.04 -91.6%
Gross Margin 51.84% -11.3%
EBITDA Margin -10.63% -195.6%
Operating Margin -14.07% -252.4%
Net Margin 1.55% -89.1%
ROE 1.34% -93.1%
ROIC -22.3% -210.5%
Debt/Equity 0.07 -28.3%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Momentum leader: RS Rating 85 (top 15%)
✓High quality earnings: Operating CF exceeds net income

✗Weaknesses

✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y7.31%

5Y6.09%

3Y-2.95%

TTM-0.41%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-43.56%

TTM-133.09%

EPS CAGR

10Y-

5Y-

3Y-45.71%

TTM-135.52%

ROCE

10Y Avg-57.59%

5Y Avg1.27%

3Y Avg5.72%

Latest-11.22%

Peer Comparison

Memory and Storage Semiconductors

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MRAMEverspin Technologies, Inc.	238.24M	10.80	306.82	-20.96%	-0.95%	-0.77%	1.7%	0.07
MUMicron Technology, Inc.	462.68B	412.37	54.33	48.85%	28.15%	20.25%	0.36%	0.28
SIMOSilicon Motion Technology Corporation	4.39B	129.23	8.85	10.21%	13.85%	14.76%	0.14%
GSITGSI Technology, Inc.	246.67M	8.16	-19.43	-5.73%	-48.54%	-30.25%		0.34

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	26.55M	27.09M	35.94M	49.42M	37.5M	42.03M	55.15M	59.98M	63.77M	50.4M
Revenue Growth %	6.63%	2.06%	32.63%	37.51%	-24.11%	12.07%	31.2%	8.77%	6.3%	-20.96%
Cost of Goods Sold+	12.57M	12.05M	14.45M	24.08M	19.17M	23.94M	22.07M	26.04M	26.52M	24.28M
COGS % of Revenue	47.34%	44.47%	40.21%	48.73%	51.12%	56.96%	40.03%	43.41%	41.59%	48.16%
Gross Profit+	13.98M	15.05M	21.48M	25.33M	18.33M	18.09M	33.07M	33.95M	37.24M	26.13M
Gross Margin %	52.66%	55.53%	59.79%	51.27%	48.88%	43.04%	59.97%	56.59%	58.41%	51.84%
Gross Profit Growth %	6.78%	7.64%	42.8%	17.91%	-27.64%	-1.32%	82.83%	2.64%	9.72%	-29.85%
Operating Expenses+	31.51M	30.22M	41.69M	42.66M	32.74M	25.65M	28.04M	27.72M	31.36M	33.22M
OpEx % of Revenue	118.71%	111.54%	116.02%	86.32%	87.31%	61.03%	50.84%	46.21%	49.18%	65.9%
Selling, General & Admin	10.39M	10.99M	16.26M	19.02M	17.78M	14.76M	15.41M	16.61M	19.58M	19.53M
SG&A % of Revenue	39.13%	40.55%	45.24%	38.48%	47.4%	35.11%	27.94%	27.69%	30.71%	38.75%
Research & Development	21.13M	19.23M	25.44M	23.64M	14.18M	10.9M	12.63M	11.11M	11.78M	13.69M
R&D % of Revenue	79.58%	70.99%	70.78%	47.83%	37.82%	25.92%	22.9%	18.52%	18.47%	27.15%
Other Operating Expenses	6K	0	118K	0	782K	0	0	0	0	0
Operating Income+	-17.54M	-15.17M	-20.21M	-17.32M	-14.41M	-7.56M	5.04M	6.23M	5.88M	-7.09M
Operating Margin %	-66.06%	-56.01%	-56.23%	-35.05%	-38.43%	-17.99%	9.13%	10.38%	9.23%	-14.07%
Operating Income Growth %	-76.81%	13.47%	-33.18%	14.29%	16.79%	47.52%	166.57%	23.67%	-5.49%	-220.49%
EBITDA+	-16.2M	-14.35M	-19.02M	-15.87M	-12.72M	-5.58M	6.49M	7.21M	7.09M	-5.36M
EBITDA Margin %	-61.01%	-52.96%	-52.92%	-32.12%	-33.91%	-13.28%	11.77%	12.02%	11.12%	-10.63%
EBITDA Growth %	-92.79%	11.41%	-32.54%	16.54%	19.87%	56.12%	216.29%	11.08%	-1.65%	-175.6%
D&A (Non-Cash Add-back)	1.34M	826K	1.19M	1.45M	1.69M	1.98M	1.46M	982K	1.21M	1.73M
EBIT	-17.53M	-14.36M	-20.34M	-16.86M	-13.92M	-7.59M	4.89M	6.42M	5.88M	741K
Net Interest Income+	-653K	-2.35M	-764K	-890K	-747K	-665K	-547K	-274K	-63K	0
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	653K	2.35M	764K	890K	747K	665K	547K	274K	63K	0
Other Income/Expense	-647K	-1.19M	-892K	-433K	-257K	-689K	-688K	-84K	3.15M	7.83M
Pretax Income+	-18.18M	-16.7M	-21.1M	-17.75M	-14.67M	-8.25M	4.35M	6.14M	9.04M	741K
Pretax Margin %	-68.5%	-61.64%	-58.72%	-35.93%	-39.11%	-19.63%	7.88%	10.24%	14.17%	1.47%
Income Tax+	0	3.17M	0	0	0	260K	4K	14K	-16K	-40K
Effective Tax Rate %	100%	100%	100%	100%	100%	103.15%	99.91%	99.77%	100.18%	105.4%
Net Income+	-18.18M	-16.7M	-21.1M	-17.75M	-14.67M	-8.51M	4.34M	6.13M	9.05M	781K
Net Margin %	-68.5%	-61.64%	-58.72%	-35.93%	-39.11%	-20.25%	7.88%	10.22%	14.2%	1.55%
Net Income Growth %	-78.56%	8.15%	-26.34%	15.86%	17.38%	41.97%	151.02%	41.12%	47.69%	-91.37%
Net Income (Continuing)	-18.18M	-16.71M	-21.1M	-17.75M	-14.67M	-8.51M	4.34M	6.13M	9.05M	781K
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-3.61	-1.36	-1.69	-1.08	-0.92	-0.45	0.22	0.29	0.42	0.04
EPS Growth %	9.52%	62.33%	-24.26%	36.09%	14.81%	51.09%	148.89%	31.82%	44.83%	-91.62%
EPS (Basic)	-3.61	-1.36	-1.69	-1.08	-0.92	-0.45	0.22	0.30	0.44	0.04
Diluted Shares Outstanding	5.04M	12.3M	12.48M	16.37M	17.32M	18.78M	19.97M	20.78M	21.37M	22.16M
Basic Shares Outstanding	5.04M	12.3M	12.48M	16.37M	17.32M	18.78M	19.4M	20.13M	20.75M	21.64M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	9.15M	39.85M	27.42M	40.69M	28.69M	28.2M	36.76M	44.75M	57.88M	64.2M
Cash & Short-Term Investments	2.31M	29.73M	12.95M	23.38M	14.49M	14.6M	21.41M	26.8M	36.95M	42.1M
Cash Only	2.31M	29.73M	12.95M	23.38M	14.49M	14.6M	21.41M	26.8M	36.95M	42.1M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	2.47M	3.66M	4.04M	7.52M	5.8M	7.61M	8.19M	10.66M	11.55M	11.72M
Days Sales Outstanding	34	49.25	41.04	55.56	56.44	66.06	54.23	64.89	66.14	84.89
Inventory	4.18M	5.42M	9.84M	9.1M	7.86M	5.72M	6.4M	6.68M	8.39M	9.11M
Days Inventory Outstanding	121.28	164.08	248.46	137.87	149.7	87.22	105.76	93.67	115.49	136.97
Other Current Assets	0	0	0	688K	0	0	0	604K	988K	1.27M
Total Non-Current Assets+	1.81M	1.97M	4.02M	4.36M	6.68M	4.33M	2.62M	10.59M	9.42M	13.59M
Property, Plant & Equipment	1.65M	1.92M	3.95M	4.29M	6.61M	4.26M	1.89M	10.52M	9.21M	7.77M
Fixed Asset Turnover	16.05x	14.11x	9.11x	11.53x	5.67x	9.87x	29.24x	5.70x	6.92x	6.49x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	132K	0	0	0	0	0	0	0	0	3.42M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	29K	50K	73K	73K	73K	73K	734K	62K	212K	2.4M
Total Assets+	10.96M	41.82M	31.44M	45.05M	35.37M	32.53M	39.38M	55.33M	67.3M	77.79M
Asset Turnover	2.42x	0.65x	1.14x	1.10x	1.06x	1.29x	1.40x	1.08x	0.95x	0.65x
Asset Growth %	-38.33%	281.53%	-24.83%	43.29%	-21.47%	-8.04%	21.06%	40.51%	21.63%	15.58%
Total Current Liabilities+	9.34M	10.38M	12.38M	13.62M	7.89M	10.24M	10.33M	10.88M	8.78M	9.91M
Accounts Payable	1.16M	1.5M	2.72M	2.64M	2.87M	2.22M	1.78M	2.78M	2.92M	2.28M
Days Payables Outstanding	33.75	45.5	68.7	39.97	54.7	33.91	29.37	38.94	40.13	34.25
Short-Term Debt	970K	3.88M	3.99M	5.98M	670K	4.24M	3.37M	2.59M	0	0
Deferred Revenue (Current)	1.69M	1.83M	1.72M	390K	0	0	832K	821K	336K	2.11M
Other Current Liabilities	4.52M	241K	2.62M	1.05M	42K	31K	50K	27K	989K	1.77M
Current Ratio	0.98x	3.84x	2.22x	2.99x	3.63x	2.75x	3.56x	4.11x	6.59x	6.48x
Quick Ratio	0.53x	3.32x	1.42x	2.32x	2.64x	2.20x	2.94x	3.50x	5.64x	5.56x
Cash Conversion Cycle	121.54	167.83	220.8	153.47	151.44	119.37	130.62	119.63	141.49	187.61
Total Non-Current Liabilities+	7.41M	4.22M	8.18M	6.51M	8.99M	4.88M	1.81M	5.79M	4.6M	5.28M
Long-Term Debt	6.74M	4.22M	8.18M	6.51M	7.15M	3.75M	1.53M	0	0	0
Capital Lease Obligations	0	0	0	0	1.84M	903K	68K	5.58M	4.39M	3.34M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	437K	0	0	0	0	229K	214K	214K	214K	1.95M
Total Liabilities	16.75M	14.6M	20.55M	20.12M	16.88M	15.12M	12.14M	16.67M	13.38M	15.2M
Total Debt+	7.91M	8.1M	12.16M	12.49M	11.24M	10.4M	5.69M	9.3M	5.58M	4.64M
Net Debt	5.61M	-21.63M	-785K	-10.89M	-3.25M	-4.2M	-15.72M	-17.5M	-31.37M	-37.45M
Debt / Equity	-	0.30x	1.12x	0.50x	0.61x	0.60x	0.21x	0.24x	0.10x	0.07x
Debt / EBITDA	-	-	-	-	-	-	0.88x	1.29x	0.79x	-
Net Debt / EBITDA	-	-	-	-	-	-	-2.42x	-2.43x	-4.42x	-
Interest Coverage	-26.85x	-6.47x	-26.45x	-19.46x	-19.29x	-11.37x	9.20x	22.73x	93.41x	-
Total Equity+	-5.79M	27.22M	10.88M	24.92M	18.49M	17.41M	27.24M	38.66M	53.92M	62.59M
Equity Growth %	-156.67%	570.25%	-60.01%	128.97%	-25.81%	-5.83%	56.43%	41.95%	39.46%	16.08%
Book Value per Share	-1.15	2.21	0.87	1.52	1.07	0.93	1.36	1.86	2.52	2.83
Total Shareholders' Equity	-5.79M	27.22M	10.88M	24.92M	18.49M	17.41M	27.24M	38.66M	53.92M	62.59M
Common Stock	8K	1K	1K	2K	2K	2K	2K	2K	2K	2K
Retained Earnings	-79.73M	-96.43M	-117.54M	-133.99M	-148.66M	-157.17M	-152.83M	-146.7M	-137.65M	-136.87M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	-41.47M	0	-10.48M	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-10.67M	-18.54M	-18.89M	-14.67M	-8.12M	-2.92M	9.36M	9.49M	13.13M	7.1M
Operating CF Margin %	-40.19%	-68.42%	-52.56%	-29.69%	-21.64%	-6.95%	16.97%	15.83%	20.59%	14.08%
Operating CF Growth %	-34.42%	-73.75%	-1.88%	22.32%	44.69%	63.98%	420.18%	1.43%	38.29%	-45.92%
Net Income	-18.18M	-16.7M	-21.1M	-17.75M	-14.67M	-8.51M	4.34M	6.13M	9.05M	781K
Depreciation & Amortization	1.34M	826K	1.19M	1.45M	1.69M	1.98M	1.46M	982K	1.21M	1.73M
Stock-Based Compensation	2.18M	2.11M	3.52M	3.42M	3.55M	3.97M	3.23M	4.41M	5M	6.71M
Deferred Taxes	-15K	-750K	185K	19K	17K	28K	19K	0	0	0
Other Non-Cash Items	232K	1.18M	297K	375K	290K	323K	319K	-85K	156K	2.03M
Working Capital Changes	3.78M	-5.2M	-2.98M	-2.18M	998K	-712K	-4K	-1.94M	-2.29M	-4.16M
Change in Receivables	339K	-1.26M	-259K	-3.82M	1.72M	-1.81M	-586K	-2.47M	-889K	-168K
Change in Inventory	-431K	-1.24M	-3.87M	694K	1.23M	2.14M	-675K	-287K	-1.71M	-719K
Change in Payables	233K	340K	1.11M	-178K	202K	-820K	-571K	563K	499K	-374K
Cash from Investing+	-1.29M	-1.04M	-3.07M	-1.91M	-861K	-320K	-1.03M	-2.59M	-1.39M	-3.06M
Capital Expenditures	-1.29M	-1.04M	-3.07M	-1.91M	-861K	-320K	-1.03M	-2.79M	-1.4M	-3.05M
CapEx % of Revenue	4.88%	3.84%	8.54%	3.87%	2.3%	0.76%	1.87%	4.65%	2.2%	6.05%
Acquisitions	0	0	0	0	0	0	0	0	0	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	0	0	0	0	202K	19K	-11K
Cash from Financing+	4.65M	47M	5.18M	27.02M	85K	3.35M	-1.52M	-1.52M	-1.59M	1.11M
Debt Issued (Net)	4.77M	8.48M	3.64M	-11K	-4.85M	-9K	-3.4M	-2.4M	-2.79M	-66K
Equity Issued (Net)	0	1000K	0	1000K	1000K	1000K	0	0	0	1000K
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	0	0	0	0	0	0	0	0	0	0
Other Financing	-126K	8K	1.54M	2.5M	202K	1.28M	1.88M	879K	1.2M	0
Net Change in Cash	-7.32M	27.42M	-16.78M	10.43M	-8.89M	112K	6.81M	5.39M	10.15M	5.15M
Free Cash Flow+	-11.96M	-19.58M	-21.96M	-16.59M	-8.98M	-3.24M	8.33M	6.71M	11.72M	4.05M
FCF Margin %	-45.07%	-72.26%	-61.1%	-33.57%	-23.94%	-7.72%	15.1%	11.18%	18.39%	8.04%
FCF Growth %	-41.38%	-63.64%	-12.15%	24.46%	45.88%	63.87%	356.83%	-19.5%	74.85%	-65.46%
FCF per Share	-2.37	-1.59	-1.76	-1.01	-0.52	-0.17	0.42	0.32	0.55	0.18
FCF Conversion (FCF/Net Income)	0.59x	1.11x	0.90x	0.83x	0.55x	0.34x	2.15x	1.55x	1.45x	9.09x
Interest Paid	0	0	0	504K	480K	0	0	169K	37K	0
Taxes Paid	0	0	0	30K	48K	0	0	0	0	202K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-821.64%	-155.87%	-110.76%	-99.17%	-67.58%	-47.42%	19.45%	18.6%	19.55%	1.34%
Return on Invested Capital (ROIC)	-801.22%	-420.57%	-193.17%	-107.69%	-73.85%	-39.87%	30.53%	28.58%	20.19%	-22.3%
Gross Margin	52.66%	55.53%	59.79%	51.27%	48.88%	43.04%	59.97%	56.59%	58.41%	51.84%
Net Margin	-68.5%	-61.64%	-58.72%	-35.93%	-39.11%	-20.25%	7.88%	10.22%	14.2%	1.55%
Debt / Equity	-	0.30x	1.12x	0.50x	0.61x	0.60x	0.21x	0.24x	0.10x	0.07x
Interest Coverage	-26.85x	-6.47x	-26.45x	-19.46x	-19.29x	-11.37x	9.20x	22.73x	93.41x	-
FCF Conversion	0.59x	1.11x	0.90x	0.83x	0.55x	0.34x	2.15x	1.55x	1.45x	9.09x
Revenue Growth	6.63%	2.06%	32.63%	37.51%	-24.11%	12.07%	31.2%	8.77%	6.3%	-20.96%

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Everspin Technologies, Inc. (MRAM) 10-Year Financial Performance & Capital Metrics

MRAM •

TechnologySemiconductorsMemory and Storage Semiconductors

Revenue $50M -21.0%
EBITDA -$5M -175.6%
Net Income $781K -91.4%
EPS (Diluted) 0.04 -91.6%
Gross Margin 51.84% -11.3%
EBITDA Margin -10.63% -195.6%
Operating Margin -14.07% -252.4%
Net Margin 1.55% -89.1%
ROE 1.34% -93.1%
ROIC -22.3% -210.5%
Debt/Equity 0.07 -28.3%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Momentum leader: RS Rating 85 (top 15%)
✓High quality earnings: Operating CF exceeds net income

✗Weaknesses

✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y7.31%

5Y6.09%

3Y-2.95%

TTM-0.41%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-43.56%

TTM-133.09%

EPS CAGR

10Y-

5Y-

3Y-45.71%

TTM-135.52%

ROCE

10Y Avg-57.59%

5Y Avg1.27%

3Y Avg5.72%

Latest-11.22%

Peer Comparison

Memory and Storage Semiconductors

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MRAMEverspin Technologies, Inc.	238.24M	10.80	306.82	-20.96%	-0.95%	-0.77%	1.7%	0.07
MUMicron Technology, Inc.	462.68B	412.37	54.33	48.85%	28.15%	20.25%	0.36%	0.28
SIMOSilicon Motion Technology Corporation	4.39B	129.23	8.85	10.21%	13.85%	14.76%	0.14%
GSITGSI Technology, Inc.	246.67M	8.16	-19.43	-5.73%	-48.54%	-30.25%		0.34

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	26.55M	27.09M	35.94M	49.42M	37.5M	42.03M	55.15M	59.98M	63.77M	50.4M
Revenue Growth %	6.63%	2.06%	32.63%	37.51%	-24.11%	12.07%	31.2%	8.77%	6.3%	-20.96%
Cost of Goods Sold+	12.57M	12.05M	14.45M	24.08M	19.17M	23.94M	22.07M	26.04M	26.52M	24.28M
COGS % of Revenue	47.34%	44.47%	40.21%	48.73%	51.12%	56.96%	40.03%	43.41%	41.59%	48.16%
Gross Profit+	13.98M	15.05M	21.48M	25.33M	18.33M	18.09M	33.07M	33.95M	37.24M	26.13M
Gross Margin %	52.66%	55.53%	59.79%	51.27%	48.88%	43.04%	59.97%	56.59%	58.41%	51.84%
Gross Profit Growth %	6.78%	7.64%	42.8%	17.91%	-27.64%	-1.32%	82.83%	2.64%	9.72%	-29.85%
Operating Expenses+	31.51M	30.22M	41.69M	42.66M	32.74M	25.65M	28.04M	27.72M	31.36M	33.22M
OpEx % of Revenue	118.71%	111.54%	116.02%	86.32%	87.31%	61.03%	50.84%	46.21%	49.18%	65.9%
Selling, General & Admin	10.39M	10.99M	16.26M	19.02M	17.78M	14.76M	15.41M	16.61M	19.58M	19.53M
SG&A % of Revenue	39.13%	40.55%	45.24%	38.48%	47.4%	35.11%	27.94%	27.69%	30.71%	38.75%
Research & Development	21.13M	19.23M	25.44M	23.64M	14.18M	10.9M	12.63M	11.11M	11.78M	13.69M
R&D % of Revenue	79.58%	70.99%	70.78%	47.83%	37.82%	25.92%	22.9%	18.52%	18.47%	27.15%
Other Operating Expenses	6K	0	118K	0	782K	0	0	0	0	0
Operating Income+	-17.54M	-15.17M	-20.21M	-17.32M	-14.41M	-7.56M	5.04M	6.23M	5.88M	-7.09M
Operating Margin %	-66.06%	-56.01%	-56.23%	-35.05%	-38.43%	-17.99%	9.13%	10.38%	9.23%	-14.07%
Operating Income Growth %	-76.81%	13.47%	-33.18%	14.29%	16.79%	47.52%	166.57%	23.67%	-5.49%	-220.49%
EBITDA+	-16.2M	-14.35M	-19.02M	-15.87M	-12.72M	-5.58M	6.49M	7.21M	7.09M	-5.36M
EBITDA Margin %	-61.01%	-52.96%	-52.92%	-32.12%	-33.91%	-13.28%	11.77%	12.02%	11.12%	-10.63%
EBITDA Growth %	-92.79%	11.41%	-32.54%	16.54%	19.87%	56.12%	216.29%	11.08%	-1.65%	-175.6%
D&A (Non-Cash Add-back)	1.34M	826K	1.19M	1.45M	1.69M	1.98M	1.46M	982K	1.21M	1.73M
EBIT	-17.53M	-14.36M	-20.34M	-16.86M	-13.92M	-7.59M	4.89M	6.42M	5.88M	741K
Net Interest Income+	-653K	-2.35M	-764K	-890K	-747K	-665K	-547K	-274K	-63K	0
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	653K	2.35M	764K	890K	747K	665K	547K	274K	63K	0
Other Income/Expense	-647K	-1.19M	-892K	-433K	-257K	-689K	-688K	-84K	3.15M	7.83M
Pretax Income+	-18.18M	-16.7M	-21.1M	-17.75M	-14.67M	-8.25M	4.35M	6.14M	9.04M	741K
Pretax Margin %	-68.5%	-61.64%	-58.72%	-35.93%	-39.11%	-19.63%	7.88%	10.24%	14.17%	1.47%
Income Tax+	0	3.17M	0	0	0	260K	4K	14K	-16K	-40K
Effective Tax Rate %	100%	100%	100%	100%	100%	103.15%	99.91%	99.77%	100.18%	105.4%
Net Income+	-18.18M	-16.7M	-21.1M	-17.75M	-14.67M	-8.51M	4.34M	6.13M	9.05M	781K
Net Margin %	-68.5%	-61.64%	-58.72%	-35.93%	-39.11%	-20.25%	7.88%	10.22%	14.2%	1.55%
Net Income Growth %	-78.56%	8.15%	-26.34%	15.86%	17.38%	41.97%	151.02%	41.12%	47.69%	-91.37%
Net Income (Continuing)	-18.18M	-16.71M	-21.1M	-17.75M	-14.67M	-8.51M	4.34M	6.13M	9.05M	781K
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-3.61	-1.36	-1.69	-1.08	-0.92	-0.45	0.22	0.29	0.42	0.04
EPS Growth %	9.52%	62.33%	-24.26%	36.09%	14.81%	51.09%	148.89%	31.82%	44.83%	-91.62%
EPS (Basic)	-3.61	-1.36	-1.69	-1.08	-0.92	-0.45	0.22	0.30	0.44	0.04
Diluted Shares Outstanding	5.04M	12.3M	12.48M	16.37M	17.32M	18.78M	19.97M	20.78M	21.37M	22.16M
Basic Shares Outstanding	5.04M	12.3M	12.48M	16.37M	17.32M	18.78M	19.4M	20.13M	20.75M	21.64M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	9.15M	39.85M	27.42M	40.69M	28.69M	28.2M	36.76M	44.75M	57.88M	64.2M
Cash & Short-Term Investments	2.31M	29.73M	12.95M	23.38M	14.49M	14.6M	21.41M	26.8M	36.95M	42.1M
Cash Only	2.31M	29.73M	12.95M	23.38M	14.49M	14.6M	21.41M	26.8M	36.95M	42.1M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	2.47M	3.66M	4.04M	7.52M	5.8M	7.61M	8.19M	10.66M	11.55M	11.72M
Days Sales Outstanding	34	49.25	41.04	55.56	56.44	66.06	54.23	64.89	66.14	84.89
Inventory	4.18M	5.42M	9.84M	9.1M	7.86M	5.72M	6.4M	6.68M	8.39M	9.11M
Days Inventory Outstanding	121.28	164.08	248.46	137.87	149.7	87.22	105.76	93.67	115.49	136.97
Other Current Assets	0	0	0	688K	0	0	0	604K	988K	1.27M
Total Non-Current Assets+	1.81M	1.97M	4.02M	4.36M	6.68M	4.33M	2.62M	10.59M	9.42M	13.59M
Property, Plant & Equipment	1.65M	1.92M	3.95M	4.29M	6.61M	4.26M	1.89M	10.52M	9.21M	7.77M
Fixed Asset Turnover	16.05x	14.11x	9.11x	11.53x	5.67x	9.87x	29.24x	5.70x	6.92x	6.49x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	132K	0	0	0	0	0	0	0	0	3.42M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	29K	50K	73K	73K	73K	73K	734K	62K	212K	2.4M
Total Assets+	10.96M	41.82M	31.44M	45.05M	35.37M	32.53M	39.38M	55.33M	67.3M	77.79M
Asset Turnover	2.42x	0.65x	1.14x	1.10x	1.06x	1.29x	1.40x	1.08x	0.95x	0.65x
Asset Growth %	-38.33%	281.53%	-24.83%	43.29%	-21.47%	-8.04%	21.06%	40.51%	21.63%	15.58%
Total Current Liabilities+	9.34M	10.38M	12.38M	13.62M	7.89M	10.24M	10.33M	10.88M	8.78M	9.91M
Accounts Payable	1.16M	1.5M	2.72M	2.64M	2.87M	2.22M	1.78M	2.78M	2.92M	2.28M
Days Payables Outstanding	33.75	45.5	68.7	39.97	54.7	33.91	29.37	38.94	40.13	34.25
Short-Term Debt	970K	3.88M	3.99M	5.98M	670K	4.24M	3.37M	2.59M	0	0
Deferred Revenue (Current)	1.69M	1.83M	1.72M	390K	0	0	832K	821K	336K	2.11M
Other Current Liabilities	4.52M	241K	2.62M	1.05M	42K	31K	50K	27K	989K	1.77M
Current Ratio	0.98x	3.84x	2.22x	2.99x	3.63x	2.75x	3.56x	4.11x	6.59x	6.48x
Quick Ratio	0.53x	3.32x	1.42x	2.32x	2.64x	2.20x	2.94x	3.50x	5.64x	5.56x
Cash Conversion Cycle	121.54	167.83	220.8	153.47	151.44	119.37	130.62	119.63	141.49	187.61
Total Non-Current Liabilities+	7.41M	4.22M	8.18M	6.51M	8.99M	4.88M	1.81M	5.79M	4.6M	5.28M
Long-Term Debt	6.74M	4.22M	8.18M	6.51M	7.15M	3.75M	1.53M	0	0	0
Capital Lease Obligations	0	0	0	0	1.84M	903K	68K	5.58M	4.39M	3.34M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	437K	0	0	0	0	229K	214K	214K	214K	1.95M
Total Liabilities	16.75M	14.6M	20.55M	20.12M	16.88M	15.12M	12.14M	16.67M	13.38M	15.2M
Total Debt+	7.91M	8.1M	12.16M	12.49M	11.24M	10.4M	5.69M	9.3M	5.58M	4.64M
Net Debt	5.61M	-21.63M	-785K	-10.89M	-3.25M	-4.2M	-15.72M	-17.5M	-31.37M	-37.45M
Debt / Equity	-	0.30x	1.12x	0.50x	0.61x	0.60x	0.21x	0.24x	0.10x	0.07x
Debt / EBITDA	-	-	-	-	-	-	0.88x	1.29x	0.79x	-
Net Debt / EBITDA	-	-	-	-	-	-	-2.42x	-2.43x	-4.42x	-
Interest Coverage	-26.85x	-6.47x	-26.45x	-19.46x	-19.29x	-11.37x	9.20x	22.73x	93.41x	-
Total Equity+	-5.79M	27.22M	10.88M	24.92M	18.49M	17.41M	27.24M	38.66M	53.92M	62.59M
Equity Growth %	-156.67%	570.25%	-60.01%	128.97%	-25.81%	-5.83%	56.43%	41.95%	39.46%	16.08%
Book Value per Share	-1.15	2.21	0.87	1.52	1.07	0.93	1.36	1.86	2.52	2.83
Total Shareholders' Equity	-5.79M	27.22M	10.88M	24.92M	18.49M	17.41M	27.24M	38.66M	53.92M	62.59M
Common Stock	8K	1K	1K	2K	2K	2K	2K	2K	2K	2K
Retained Earnings	-79.73M	-96.43M	-117.54M	-133.99M	-148.66M	-157.17M	-152.83M	-146.7M	-137.65M	-136.87M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	-41.47M	0	-10.48M	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-10.67M	-18.54M	-18.89M	-14.67M	-8.12M	-2.92M	9.36M	9.49M	13.13M	7.1M
Operating CF Margin %	-40.19%	-68.42%	-52.56%	-29.69%	-21.64%	-6.95%	16.97%	15.83%	20.59%	14.08%
Operating CF Growth %	-34.42%	-73.75%	-1.88%	22.32%	44.69%	63.98%	420.18%	1.43%	38.29%	-45.92%
Net Income	-18.18M	-16.7M	-21.1M	-17.75M	-14.67M	-8.51M	4.34M	6.13M	9.05M	781K
Depreciation & Amortization	1.34M	826K	1.19M	1.45M	1.69M	1.98M	1.46M	982K	1.21M	1.73M
Stock-Based Compensation	2.18M	2.11M	3.52M	3.42M	3.55M	3.97M	3.23M	4.41M	5M	6.71M
Deferred Taxes	-15K	-750K	185K	19K	17K	28K	19K	0	0	0
Other Non-Cash Items	232K	1.18M	297K	375K	290K	323K	319K	-85K	156K	2.03M
Working Capital Changes	3.78M	-5.2M	-2.98M	-2.18M	998K	-712K	-4K	-1.94M	-2.29M	-4.16M
Change in Receivables	339K	-1.26M	-259K	-3.82M	1.72M	-1.81M	-586K	-2.47M	-889K	-168K
Change in Inventory	-431K	-1.24M	-3.87M	694K	1.23M	2.14M	-675K	-287K	-1.71M	-719K
Change in Payables	233K	340K	1.11M	-178K	202K	-820K	-571K	563K	499K	-374K
Cash from Investing+	-1.29M	-1.04M	-3.07M	-1.91M	-861K	-320K	-1.03M	-2.59M	-1.39M	-3.06M
Capital Expenditures	-1.29M	-1.04M	-3.07M	-1.91M	-861K	-320K	-1.03M	-2.79M	-1.4M	-3.05M
CapEx % of Revenue	4.88%	3.84%	8.54%	3.87%	2.3%	0.76%	1.87%	4.65%	2.2%	6.05%
Acquisitions	0	0	0	0	0	0	0	0	0	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	0	0	0	0	202K	19K	-11K
Cash from Financing+	4.65M	47M	5.18M	27.02M	85K	3.35M	-1.52M	-1.52M	-1.59M	1.11M
Debt Issued (Net)	4.77M	8.48M	3.64M	-11K	-4.85M	-9K	-3.4M	-2.4M	-2.79M	-66K
Equity Issued (Net)	0	1000K	0	1000K	1000K	1000K	0	0	0	1000K
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	0	0	0	0	0	0	0	0	0	0
Other Financing	-126K	8K	1.54M	2.5M	202K	1.28M	1.88M	879K	1.2M	0
Net Change in Cash	-7.32M	27.42M	-16.78M	10.43M	-8.89M	112K	6.81M	5.39M	10.15M	5.15M
Free Cash Flow+	-11.96M	-19.58M	-21.96M	-16.59M	-8.98M	-3.24M	8.33M	6.71M	11.72M	4.05M
FCF Margin %	-45.07%	-72.26%	-61.1%	-33.57%	-23.94%	-7.72%	15.1%	11.18%	18.39%	8.04%
FCF Growth %	-41.38%	-63.64%	-12.15%	24.46%	45.88%	63.87%	356.83%	-19.5%	74.85%	-65.46%
FCF per Share	-2.37	-1.59	-1.76	-1.01	-0.52	-0.17	0.42	0.32	0.55	0.18
FCF Conversion (FCF/Net Income)	0.59x	1.11x	0.90x	0.83x	0.55x	0.34x	2.15x	1.55x	1.45x	9.09x
Interest Paid	0	0	0	504K	480K	0	0	169K	37K	0
Taxes Paid	0	0	0	30K	48K	0	0	0	0	202K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-821.64%	-155.87%	-110.76%	-99.17%	-67.58%	-47.42%	19.45%	18.6%	19.55%	1.34%
Return on Invested Capital (ROIC)	-801.22%	-420.57%	-193.17%	-107.69%	-73.85%	-39.87%	30.53%	28.58%	20.19%	-22.3%
Gross Margin	52.66%	55.53%	59.79%	51.27%	48.88%	43.04%	59.97%	56.59%	58.41%	51.84%
Net Margin	-68.5%	-61.64%	-58.72%	-35.93%	-39.11%	-20.25%	7.88%	10.22%	14.2%	1.55%
Debt / Equity	-	0.30x	1.12x	0.50x	0.61x	0.60x	0.21x	0.24x	0.10x	0.07x
Interest Coverage	-26.85x	-6.47x	-26.45x	-19.46x	-19.29x	-11.37x	9.20x	22.73x	93.41x	-
FCF Conversion	0.59x	1.11x	0.90x	0.83x	0.55x	0.34x	2.15x	1.55x	1.45x	9.09x
Revenue Growth	6.63%	2.06%	32.63%	37.51%	-24.11%	12.07%	31.2%	8.77%	6.3%	-20.96%

Everspin Technologies, Inc. (MRAM) 10-Year Financial Performance & Capital Metrics

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Everspin Technologies, Inc. (MRAM) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare MRAM vs Peers

vs MU

vs SIMO

Compare Top 4

Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios