Everspin Technologies Inc reports results for the quarter ended in June - Earnings Summary

EverSpin Technologies

11/08/2022 22:02

* Everspin Technologies Inc  MRAM.OQ  reported quarterly
adjusted
earnings of 15 cents​​ per share for the quarter ended in June.
The mean expectation of two analysts for the quarter was
for breakeven results per share.
    * Revenue rose 24.1% to $14.71 million from a year ago;
analysts
expected $14.10 million. 
    * Everspin Technologies Inc's reported EPS for the quarter
was 8
cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Everspin Technologies Inc shares had risen by 20.2% this
quarter and lost 44.2% so far this year.
    * The company reported quarterly net income of $1.67
million.
    * Wall Street's median 12-month price target for Everspin
Technologies Inc is $9.50 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data August 11
at 09:02 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.00           0.15           Beat
 Mar. 31 2022      0.01           0.13           Beat
 Dec. 31 2021      0.13           0.24           Beat
 Sep. 30 2021      -0.01          0.09           Beat