Everspin Technologies Inc. Common Stock (MRAM)

FairStock Score: 32/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I look first for durable profits and a conservative balance sheet. Everspin is an 85-employee semiconductor company selling MRAM memory and sensor technology into industrial, medical, and automotive markets. Its record is uneven. In fiscal 2023, revenue was $63.8M and net income was $9.1M. In fiscal 2024, revenue was $50.4M and net income was $781,000. In fiscal 2025, revenue was $55.2M but net income turned to a loss of $586,000. The latest filed quarter, fiscal Q2 2026 ended 2026-06-30, showed revenue of $18.7M and a net loss of $3.6M, or diluted EPS of -$0.15; a year earlier, in fiscal Q2 2025 ended 2025-06-30, revenue was $13.2M and net loss was $670,000. Sales are growing, but profits are not. The balance sheet is a strength: D/E is 0.04, and FairStock calculates Altman Z-Score 12.09 and Piotroski F-Score 5/9. Still, trailing free cash flow is -$7.2M and FairStock's FCF yield is -2.0%. At the 2026-10-13 close of $15.08, FairStock shows P/B 5.01, P/E -125.67, ROE -3.84%, and ROCE -7.21%. That is not a Graham bargain. FairStock calls it a TURNAROUND—loss in latest year after earlier profits. The 52-week range of $7.35 to $51.50 shows how volatile expectations are. I would need evidence of sustainable margins and positive cash flow before treating the price as attractive.

In plain English: Everspin makes special memory chips called MRAM for industrial, medical, and automotive uses. Sales have grown recently, but the company is losing money and using cash, and its latest yearly result was a loss after earlier profits. At the 2026-10-13 close of $15.08, the stock looks expensive compared with the company's current profits and assets, though the company has very little debt.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer