Everspin (MRAM) Revenue & Revenue Breakdown

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Everspin Revenue Highlights

Latest Revenue (Y)

$63.77M

Latest Revenue (Q)

$12.09M

Main Segment (Y)

Product sales

Main Geography (Y)

United States

Everspin Revenue by Period

Everspin Revenue by Year

Date	Revenue	Change
2023-12-31	$63.77M	6.30%
2022-12-31	$59.98M	8.77%
2021-12-31	$55.15M	31.20%
2020-12-31	$42.03M	12.07%
2019-12-31	$37.50M	-24.11%
2018-12-31	$49.42M	37.51%
2017-12-31	$35.94M	32.63%
2016-12-31	$27.09M	2.06%
2015-12-31	$26.55M	6.63%
2014-12-31	$24.90M	-

Everspin generated $63.77M in revenue during NA 2023, up 6.30% compared to the previous quarter, and up 129.03% compared to the same period a year ago.

Everspin Revenue by Quarter

Date	Revenue	Change
2024-09-30	$12.09M	13.70%
2024-06-30	$10.64M	-26.29%
2024-03-31	$14.43M	-13.62%
2023-12-31	$16.71M	1.46%
2023-09-30	$16.47M	4.57%
2023-06-30	$15.75M	6.07%
2023-03-31	$14.85M	-5.38%
2022-12-31	$15.69M	2.95%
2022-09-30	$15.24M	3.63%
2022-06-30	$14.71M	2.51%
2022-03-31	$14.35M	-21.27%
2021-12-31	$18.22M	23.17%
2021-09-30	$14.79M	24.87%
2021-06-30	$11.85M	15.25%
2021-03-31	$10.28M	3.04%
2020-12-31	$9.98M	-1.41%
2020-09-30	$10.12M	-14.43%
2020-06-30	$11.83M	17.00%
2020-03-31	$10.11M	4.71%
2019-12-31	$9.65M	5.18%
2019-09-30	$9.18M	6.15%
2019-06-30	$8.65M	-13.76%
2019-03-31	$10.03M	-18.36%
2018-12-31	$12.28M	6.62%
2018-09-30	$11.52M	6.99%
2018-06-30	$10.77M	-27.52%
2018-03-31	$14.85M	46.73%
2017-12-31	$10.12M	12.38%
2017-09-30	$9.01M	0.93%
2017-06-30	$8.93M	13.26%
2017-03-31	$7.88M	11.55%
2016-12-31	$7.06M	-1.40%
2016-09-30	$7.16M	7.58%
2016-06-30	$6.66M	7.28%
2016-03-31	$6.21M	-8.72%
2015-12-31	$6.80M	-4.12%
2015-09-30	$7.09M	-

Everspin generated $12.09M in revenue during Q3 2024, up 13.70% compared to the previous quarter, and up 76.80% compared to the same period a year ago.

Everspin Revenue Breakdown

Everspin Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Product sales	$53.12M	$55.03M	$43.93M	-	-
Licensing	$7.48M	$1.94M	-	-	-
Other revenue	$2.30M	$1.60M	$3.94M	-	-
Royalties	$862.00K	$300.00K	$800.00K	-	-
Patents Product	-	-	$5.25M	-	-
Product Non Affiliate	-	-	-	$39.85M	-
Product	-	-	-	$39.85M	$34.59M
Licensing Royalty And Other Revenues Customers	-	-	-	$2.18M	-
Royalty	-	-	-	-	$1.07M
Product And Service Other	-	-	-	-	$1.84M

Everspin's latest annual revenue breakdown by segment (product or service), as of Dec 23: Product sales (83.31%), Licensing (11.72%), Other revenue (3.61%), and Royalties (1.35%).

Quarterly Revenue by Product

Product/Service	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19
Product and Service, Other	$341.00K	$268.00K	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Royalty	$114.00K	$175.00K	$372.00K	$966.00K	$155.00K	$179.00K	$256.00K	$310.00K	-	-	-	-	-	-	-	-	-	-	-	-
Product	$10.44M	$9.89M	$10.19M	$9.07M	$9.71M	$9.58M	$10.93M	$9.63M	$9.20M	-	-	-	-	-	-	-	-	-	-	-
License	$1.20M	$306.00K	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Royalties	-	-	$107.00K	$301.00K	$232.00K	$236.00K	$93.00K	$526.00K	$264.00K	$224.00K	$400.00K	$409.00K	$274.00K	-	-	-	-	-	-	-
Licensing	-	-	$3.22M	$2.77M	$1.89M	$1.90M	$918.00K	$539.00K	$52.00K	$771.00K	$575.00K	-	-	-	-	-	-	-	-	-
Other revenue	-	-	$242.00K	$1.24M	$798.00K	$206.00K	$58.00K	$58.00K	$354.00K	$489.00K	$701.00K	$1.23M	$1.18M	-	-	-	-	-	-	-
Product sales	-	-	$10.86M	$12.40M	$13.54M	$13.41M	$13.78M	$14.57M	$14.57M	$13.22M	$12.67M	$12.64M	$12.04M	-	-	-	-	-	-	-
Patents Product	-	-	-	-	-	-	-	-	-	-	-	$3.94M	-	-	-	-	-	-	-	-
Product And Service Other	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.29M	$246.00K	$113.00K	$364.00K	$643.00K	$144.00K	-
Licensing Royalty And Other Revenues Customers	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$473.00K	-
Product Non Affiliate	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$9.63M	-

Everspin's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Product (86.36%), License (9.88%), Product and Service, Other (2.82%), and Royalty (0.94%).

Everspin Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Canada	$1.32M	$5.67M	$3.80M	-	-
China	$2.73M	$3.74M	$2.73M	-	-
Germany	$9.77M	$3.84M	-	-	-
Hong Kong	$10.75M	$12.82M	$17.40M	-	-
United States	$14.60M	$14.59M	$15.66M	-	-
Singapore	$4.29M	-	-	-	-
Japan	$12.22M	$12.44M	$7.32M	-	-
All other	$8.10M	$6.89M	$8.24M	-	-
All Other Country	-	-	-	$3.93M	$9.00M
C	-	-	-	$2.40M	$1.36M
D	-	-	-	$2.87M	$6.42M
H	-	-	-	$18.26M	$10.14M
J	-	-	-	$5.40M	$5.66M
U	-	-	-	$5.74M	$4.92M

Everspin's latest annual revenue breakdown by geography, as of Dec 23: United States (22.90%), Japan (19.16%), Hong Kong (16.86%), Germany (15.32%), All other (12.70%), Singapore (6.72%), China (4.28%), and Canada (2.08%).

Quarterly Revenue by Country

Country	Sep 24	Jun 24	Mar 24	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
EMEA	$2.30M	$1.27M	$2.79M	$3.20M	$3.27M	$4.33M	$3.02M	$2.23M	$2.56M	$2.01M	$-1.62M	$4.20M	-	-	-	-	-	-	-	-
Asia Pacific	$7.92M	$6.31M	$1.37M	$1.38M	$7.04M	$7.15M	$8.39M	$6.90M	$6.26M	$5.60M	-	-	-	-	-	-	-	-	-	-
North America	$1.87M	$3.05M	$4.71M	$4.61M	$4.52M	$2.92M	$4.67M	$2.98M	$3.78M	$3.10M	$-7.66M	$8.52M	$7.79M	$7.16M	$4.22M	$2.11M	$1.82M	$1.10M	$1.45M	$1.53M
APAC	-	-	$6.93M	$8.66M	$7.96M	$7.59M	$8.00M	$10.03M	$8.37M	$9.23M	$27.50M	$2.08M	-	-	-	-	-	-	-	-
E M E A	-	-	-	-	-	-	-	-	-	-	-	-	$2.69M	$1.74M	$-1.29M	$859.00K	$1.62M	$2.11M	$1.94M	$2.05M

Everspin's latest quarterly revenue breakdown by geography, as of Sep 24: Asia Pacific (65.52%), EMEA (18.99%), and North America (15.50%).

Everspin Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
AMKR	Amkor	$6.50B	$1.86B
DIOD	Diodes	$1.66B	$350.08M
SLAB	Silicon Laboratories	$782.26M	$166.40M
MTSI	MACOM Technology Solutions	$729.58M	$190.49M
MXL	MaxLinear	$693.26M	$81.10M
POWI	Power Integrations	$444.54M	$106.20M
MX	Magnachip Semiconductor	$230.05M	$65.93M
SITM	SiTime	$143.99M	$43.87M
CEVA	CEVA	$97.42M	$27.21M
NA	Nano Labs	$78.34M	$13.03M
MRAM	Everspin	$63.77M	$12.09M
WKEY	WISeKey	$31.00M	$15.66M
LAES	SEALSQ	$30.06M	$17.29M
LEDS	SemiLEDs	$5.18M	$1.32M
WISA	WiSA	$2.08M	$1.17M

MRAM Revenue FAQ

What is Everspin’s yearly revenue?

Everspin's yearly revenue for 2023 was $63.76M, representing an increase of 6.30% compared to 2022. The company's yearly revenue for 2022 was $59.98M, representing an increase of 8.77% compared to 2021. MRAM's yearly revenue for 2021 was $55.15M, representing an increase of 31.20% compared to 2020.

What is Everspin’s quarterly revenue?

Everspin's quarterly revenue for Q3 2024 was $12.09M, a 13.70% increase from the previous quarter (Q2 2024), and a -26.56% decrease year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $10.64M, a -26.29% decrease from the previous quarter (Q1 2024), and a -32.46% decrease year-over-year (Q2 2023). MRAM's quarterly revenue for Q1 2024 was $14.43M, a -13.62% decrease from the previous quarter (Q4 2023), and a -2.80% decrease year-over-year (Q1 2023).

What is Everspin’s revenue growth rate?

Everspin's revenue growth rate for the last 3 years (2021-2023) was 15.63%, and for the last 5 years (2019-2023) was 70.03%.

What are Everspin’s revenue streams?

Everspin's revenue streams in c 23 are Product sales, Licensing, Other revenue, and Royalties. Product sales generated $53.12M in revenue, accounting 83.31% of the company's total revenue, down -3.47% year-over-year. Licensing generated $7.48M in revenue, accounting 11.72% of the company's total revenue, up 285.96% year-over-year. Other revenue generated $2.3M in revenue, accounting 3.61% of the company's total revenue, up 43.82% year-over-year. Royalties generated $862K in revenue, accounting 1.35% of the company's total revenue, up 187.33% year-over-year.

What is Everspin’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Everspin was Product sales. This segment made a revenue of $53.12M, representing 83.31% of the company's total revenue.