MRAM Earnings Prediction
The chart below shows how MRAM performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MRAM sees a +1.13% change in stock price 10 days leading up to the earnings, and a -6.02% change 10 days following the report. On the earnings day itself, the stock moves by -0.45%. This data can give you a slight idea of what to expect for the next quarter's release.
MRAM Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
13.24M
-20.73%
9.51%
Gross Margin
95.30%
64.08%
93.62%
Operating Margin
32.21%
239.05%
-284.16%
Net Margin
9.17%
-22.16%
-51.17%
EPS
0.05
-44.44%
-50.00%
No Data Available
MRAM Earnings Analysis
Everspin Technologies Inc Corporation (MRAM.O) Earnings Conference Call
Positive
Q4 Revenue Exceeds Expectations: Revenue of $13.2 million in Q4 2024 exceeded expectations and was at the high end of guidance.
Earnings Per Share Achievement: Earnings per share (EPS) of $0.05 was achieved, aligning with the high end of guidance.
RadHard Project Momentum: Strong momentum in RadHard projects, including a contract with Purdue University to advance AI hardware.
Project Phase Execution Success: Successful execution of the next phase of the project with QuickLogic for a strategic Radiation-Hard FPGA.
Strong Product Pipeline: 178 design wins in 2024, indicating a strong product pipeline and customer interest despite budget pressures.
PERSYST MRAM Revenue Recognition: Initial revenue recognized from the PERSYST MRAM prototypes shipped to Lucid Motors for their Gravity SUV.
STT-MRAM Product Traction: Continued traction with the 4-megabit to 128-megabit STT-MRAM product family across various sectors.
Revenue Recognition from Project: Recognition of revenue from a $9.25 million project with Frontgrade Technologies for custom radiation-hardened STT-MRAM.
Sequential Revenue Increase: Meaningful sequential revenue increase from the contract with QuickLogic for RadHard FPGA technology.
Sustainable MRAM Manufacturing Contract: Awarded a $14.6 million contract from a DOD contractor to develop sustainable MRAM manufacturing capabilities.
Gross Margin Improvement: GAAP gross margin improved sequentially to 51.3% in Q4 2024, reflecting a better product mix.
Cash Flow Strength: Cash and cash equivalents increased to $42.1 million, indicating a strong balance sheet and operational cash flow generation.
Negative
Revenue Decline Analysis: Total revenue for the full year 2024 was $50.4 million, down 21% year-over-year due to lower product shipments, primarily into the distribution channel.
MRAM Sales Decline: MRAM product sales in Q4 2024 were $11 million, compared to $12.4 million in Q4 2023, indicating a decline in sales year-over-year.
Revenue Decline in Q4: Licensing, royalty, patent, and other revenue in Q4 2024 decreased to $2.2 million compared to $4.3 million in Q4 2023, reflecting the completion of certain projects.
Gross Margin Decline: GAAP gross margin for Q4 2024 was 51.3%, down from 58.1% in Q4 2023, attributed to lower volumes.
Operating Expenses Increase: GAAP operating expenses for Q4 2024 increased to $8.4 million from $8.1 million in Q4 2023, indicating rising costs.
Net Income Decline: Full year 2024 GAAP net income was $0.8 million, down from $9.1 million in 2023, showing a significant decline in profitability.
Declining Adjusted EBITDA: Adjusted EBITDA for Q4 2024 was $3.2 million, down from $3.6 million in Q4 2023, and for the full year, it was $9.2 million compared to $15.3 million in 2023, indicating reduced operational efficiency.
Q1 Revenue and Loss Guidance: The company expects a slower start to 2025, with Q1 total revenue guidance of $12 million to $13 million and a GAAP net loss per basic share projected between a loss of $0.10 and $0.05 per share.
MRAM FAQs
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MRAM Earning Call Sentiment
Everspin Technologies, Inc. (MRAM) Q4 2024 Earnings Call Transcript
MRAM.O
2.86%Positive
The earnings call reveals a mixed financial performance with declining revenues and net income, despite some sequential improvements. The guidance for Q1 2025 indicates a net loss, and there are significant risks including competitive pressures, regulatory issues, and supply chain challenges. The lack of a shareholder return plan and management's unclear responses in the Q&A further contribute to negative sentiment. The company's reliance on a limited customer base and the absence of immediate catalysts for growth suggest a negative stock price reaction in the near term.
