Everspin Technologies, Inc. (MRAM) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments21,40914,59914,48723,37912,95029,727
Cash and cash equivalents21,40914,59914,48723,37912,95029,727
Receivables8,1937,6075,7997,5224,0413,656
Inventory, net of allowances, customer advances and progress billings6,3965,7217,8639,0979,8375,069
Inventory6,3965,7217,8639,0979,8375,069
Other undisclosed current assets7622705396885901,050
Total current assets:36,76028,19728,68840,68627,41839,502
Noncurrent Assets
Operating lease, right-of-use asset9132,3133,132
Property, plant and equipment9731,9463,4794,2863,9461,920
Other noncurrent assets7347373737350
Total noncurrent assets:2,6204,3326,6844,3594,0191,970
TOTAL ASSETS:39,38032,52935,37245,04531,43741,472
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,3554,4565,6007,6384,9743,313
Accounts payable1,7762,2242,8732,6372,7201,502
Accrued liabilities3,5792,2322,7275,0012,2541,811
Deferred revenue832  
Debt3,3704,2422,2525,9773,9873,884
Due to related parties    1,6941,359
Other liabilities503142   
Other undisclosed current liabilities7241,508  1,7201,827
Total current liabilities:10,33110,2377,89413,61512,37510,383
Noncurrent Liabilities
Long-term debt and lease obligation1,5974,6518,9896,5098,1784,218
Long-term debt, excluding current maturities1,5293,7487,1496,5098,1784,218
Operating lease, liability689031,840
Liabilities, other than long-term debt214229    
Accounts payable and accrued liabilities214229    
Total noncurrent liabilities:1,8114,8808,9896,5098,1784,218
Total liabilities:12,14215,11716,88320,12420,55314,601
Stockholders' equity
Stockholders' equity attributable to parent27,23817,41218,48924,92110,88426,871
Common stock222211
Additional paid in capital180,067174,584167,149158,912128,422123,309
Accumulated deficit(152,831)(157,174)(148,662)(133,993)(117,539)(96,439)
Total stockholders' equity:27,23817,41218,48924,92110,88426,871
TOTAL LIABILITIES AND EQUITY:39,38032,52935,37245,04531,43741,472

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues55,14642,03137,50349,41735,93627,094
Revenue, net35,93627,094
Cost of revenue
(Cost of Goods and Services Sold)
(22,074)(23,942)(19,172)(24,083)(14,451)(12,395)
Gross profit:33,07218,08918,33125,33421,48514,699
Operating expenses(28,037)(25,652)(32,743)(42,655)(41,693)(30,220)
Operating income (loss):5,035(7,563)(14,412)(17,321)(20,208)(15,521)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(141)(24)4904571181,160
Interest and debt expense(547)(665)(747)(890)(1,010)(2,347)
Income (loss) from continuing operations before income taxes:4,347(8,252)(14,669)(17,754)(21,100)(16,708)
Income tax expense(4)(260)    
Net income (loss) available to common stockholders, diluted:4,343(8,512)(14,669)(17,754)(21,100)(16,708)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):4,343(8,512)(14,669)(17,754)(21,100)(16,708)
Comprehensive income (loss), net of tax, attributable to parent:4,343(8,512)(14,669)(17,754)(21,100)(16,708)

Statements sources

The financial statements are based on the company's filings with the 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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