Overview

* Everspin ( MRAM ) Q2 revenue rises 24% to $13.2 mln, beating analyst expectations

* Non-GAAP net income of $0.7 mln vs. loss last year

* Co expands executive team with new VP of Sales and Business Development

Outlook

* Everspin ( MRAM ) expects Q3 revenue between $13.5 mln and $14.5 mln

* Company anticipates Q3 GAAP EPS between $(0.05) and $0.00

* Everspin ( MRAM ) sees Q3 non-GAAP EPS between $0.02 and $0.07

* Company says no tariff impact expected on future results

Result Drivers

* MRAM PRODUCT SALES - Increase in MRAM product sales driven by strong demand for Toggle and STT-MRAM solutions

* LICENSING REVENUE - Significant growth in licensing, royalty, patent, and other revenue compared to previous year

* EXECUTIVE EXPANSION - New VP of Sales and VP of Business Development roles created to accelerate revenue monetization and strategic expansion

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $13.20 $13 mln

Revenue mln (2

Analysts

)

Q2 Net -$700,00

Income 0

Q2 Gross 51.3%

Margin

Q2 $8.70

Operatin mln

g

Expenses

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the semiconductors peer group is "buy"

* Wall Street's median 12-month price target for Everspin Technologies Inc ( MRAM ) is $9.00, about 33.8% above its August 5 closing price of $5.96

* The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)