Everspin Technologies: Q1 Earnings Insights

Everspin Technologies MRAM reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:00 PM.

Here's what investors need to know about the announcement.

Everspin Technologies reported in-line EPS of $0.04 versus an estimate of $0.04.

Revenue was up $499 thousand from the same period last year.

Last quarter the company missed on EPS by $0.04 which was followed by a 0.86% drop in the share price the next day.

Here's a look at Everspin Technologies's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.06	0.05
EPS Actual	0.02	0.09	0.08	0.09
Revenue Estimate	14.60M	14.90M	14.10M	13.80M
Revenue Actual	15.69M	15.24M	14.70M	14.35M

To track all earnings releases for Everspin Technologies visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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