Everspin Technologies, Inc. (MRAM) Financial Statements (2024 and earlier)

Company Profile

Business Address 5670 W. CHANDLER BOULEVARD
CHANDLER, AZ 85226
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments26,79521,40914,59914,48723,37912,950
Cash and cash equivalents26,79521,40914,59914,48723,37912,950
Receivables10,6658,1937,6075,7997,5224,041
Inventory, net of allowances, customer advances and progress billings6,6836,3965,7217,8639,0979,837
Inventory6,6836,3965,7217,8639,0979,837
Other undisclosed current assets604762270539688590
Total current assets:44,74736,76028,19728,68840,68627,418
Noncurrent Assets
Operating lease, right-of-use asset6,6419132,3133,132
Property, plant and equipment3,8839731,9463,4794,2863,946
Other noncurrent assets6273473737373
Total noncurrent assets:10,5862,6204,3326,6844,3594,019
TOTAL ASSETS:55,33339,38032,52935,37245,04531,437
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,3115,3554,4565,6007,6384,974
Accounts payable2,7781,7762,2242,8732,6372,720
Accrued liabilities3,5333,5792,2322,7275,0012,254
Deferred revenue821832  
Debt 2,5943,3704,2422,2525,9773,987
Due to related parties     1,694
Other liabilities 27503142  
Other undisclosed current liabilities1,1227241,508  1,720
Total current liabilities:10,87510,33110,2377,89413,61512,375
Noncurrent Liabilities
Long-term debt and lease obligation  1,5974,6518,9896,5098,178
Long-term debt, excluding current maturities  1,5293,7487,1496,5098,178
Liabilities, other than long-term debt214214229   
Accounts payable and accrued liabilities214214229   
Operating lease, liability  689031,840
Other undisclosed noncurrent liabilities5,580     
Total noncurrent liabilities:5,7941,8114,8808,9896,5098,178
Total liabilities:16,66912,14215,11716,88320,12420,553
Equity
Equity, attributable to parent38,66427,23817,41218,48924,92110,884
Common stock222221
Additional paid in capital185,364180,067174,584167,149158,912128,422
Accumulated deficit(146,702)(152,831)(157,174)(148,662)(133,993)(117,539)
Total equity:38,66427,23817,41218,48924,92110,884
TOTAL LIABILITIES AND EQUITY:55,33339,38032,52935,37245,04531,437

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues59,98555,14642,03137,50349,41735,936
Revenue, net35,936
Cost of revenue
(Cost of Goods and Services Sold)
(26,040)(22,074)(23,942)(19,172)(24,083)(14,451)
Gross profit:33,94533,07218,08918,33125,33421,485
Operating expenses(27,718)(28,037)(25,652)(32,743)(42,655)(41,693)
Operating income (loss):6,2275,035(7,563)(14,412)(17,321)(20,208)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
190(141)(24)490457118
Interest and debt expense(274)(547)(665)(747)(890)(1,010)
Income (loss) from continuing operations before income taxes:6,1434,347(8,252)(14,669)(17,754)(21,100)
Income tax expense (14)(4)(260)   
Other undisclosed loss from continuing operations      
Income (loss) from continuing operations:6,1294,343(8,512)(14,669)(17,754)(21,100)
Income (loss) before gain (loss) on sale of properties:4,343(8,512)(14,669)(17,754)(21,100)
Other undisclosed net income      
Net income (loss) available to common stockholders, basic:6,1294,343(8,512)(14,669)(17,754)(21,100)
Other undisclosed net loss available to common stockholders, diluted(23)     
Net income (loss) available to common stockholders, diluted:6,1064,343(8,512)(14,669)(17,754)(21,100)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):6,1294,343(8,512)(14,669)(17,754)(21,100)
Comprehensive income (loss), net of tax, attributable to parent:6,1294,343(8,512)(14,669)(17,754)(21,100)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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