Everspin Technologies Q2 Results Near High End of Expectations; Reports No Tariff Impact, Expects Q3 Revenue of $13.5M-$14.5M, Non-GAAP EPS $0.02-$0.07
Reuters
Aug 07
Everspin Technologies <a href="https://laohu8.com/S/QTWO">Q2</a> Results Near High End of Expectations; Reports No Tariff Impact, Expects Q3 Revenue of $13.5M-$14.5M, Non-GAAP EPS $0.02-$0.07
Everspin Technologies Inc. has reported its financial results for the second quarter of 2025, highlighting a $2.9 million increase in cash and cash equivalents, bringing the total to $45.0 million as of June 30, 2025, from December 31, 2024. The company expressed satisfaction with its performance, which met the higher end of expectations due to robust product portfolio strength. Looking ahead to the third quarter of 2025, Everspin forecasts total revenue to be in the range of $13.5 million to $14.5 million. The company anticipates GAAP net loss/income per diluted share to be between $(0.05) and $0.00. Non-GAAP net income per diluted share is expected to range from $0.02 to $0.07. Everspin's Chief Financial Officer, Bill Cooper, noted that the second quarter results were not affected by tariff-related impacts and does not foresee any significant future impact from tariffs, although the situation remains under close observation.
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