Everspin Technologies

MRAM

Semiconductors · Technology

Price

$14.55

-0.13 (-0.85%)

Market Cap

$341.2M

Exchange

NASDAQ

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Share count rising — dilution

+13.0% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 20.0M (2021) → 22.6M (2025)

Everspin Technologies, Inc. manufactures and sells magnetoresistive random access memory (MRAM) products in the United States, Hong Kong, Japan, China, Canada, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and tunnel magneto resistance sensor products, as well as foundry services for embedded MRAM. The company provides its products for applications, including data center, industrial, medical, automotive/transportation, and aerospace markets. It serves original equipment

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+13.2% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+74.4% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$14M/ year

→ Flat (+3% vs prior year)

25.5% of revenue

1.7x the sector average (15%)

Steady R&D investment year-over-year

Insider Activity

19.3%ownership

↓ Declining

Insider ownership declining — could be dilution or selling

Cash Runway

~3 years

$40M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

$40M cash & investments at current burn rate

Growth context

Everspin Technologies is growing revenue at 13% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin

52.7%

Healthy — 52.7% gross margin

Operating Margin

-18.3%

Losing money on operations — -18.3%

ROCE

-3.9%

Weak — -3.9% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

+15.9%

Fast-growing sales (15.9% YoY)

EPS YoY

N/A

Data not available

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

3201%

Turns 3201% of profit into real cash

FCF Margin

-2.1%

Burning cash (-2.1%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

N/A

Data not available

Interest Cover

N/A

—

Data not available

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Valuation

P/E Ratio (TTM)

N/A

Data not available

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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