Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-37900 Everspin Technologies, Inc. (Exact name of Registrant as specified in its Charter) (State or other jurisdicti ...

Financial Data and Key Metrics Changes - Q4 2021 revenue was $18.2 million, a 23% increase from Q3 2021 and an 82% increase from Q4 2020 [14] - Positive GAAP net income of $3.7 million for Q4 2021, compared to a net income of $880,000 in Q3 2021 and a net loss of $1.6 million in Q4 2020 [19] - GAAP gross margin for Q4 2021 was 62.8%, up from 57.1% in Q3 2021 and 52% in Q4 2020 [16] - Cash and cash equivalents increased to $21.4 million at the end of Q4 2021, compared to $14.6 million at the end of Q3 2021 [20] Business Line Data and Key Metrics Changes - MRAM product sales in Q4 2021 were $12.6 million, compared to $12 million in Q3 2021 and $9.7 million in Q4 2020 [14] - Licensing, royalties, patents, and other revenue in Q4 2021 was $5.6 million, up from $2.8 million in Q3 2021 and $0.3 million in the prior year [15] - STT revenue remained flat due to supply constraints affecting the largest customer [11] Market Data and Key Metrics Changes - Shipments to the largest end customer represented 23.4% of revenue in Q4 2021, down from 28.5% in Q3 2021 and 39.9% in the year-ago quarter [16] - The company experienced over $2 million of unmet customer demand due to supply constraints [10] Company Strategy and Development Direction - The company aims for profitable, sustainable growth, focusing on improving product yields and controlling operating expenses [8][23] - A deliberate strategy of monetizing intellectual property (IP) has been recognized, generating $3.95 million in revenue in Q4 2021 [13] - The company is preparing to launch a next-generation 28-nanometer STT-MRAM product targeted at industrial applications [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong backlog for 2022, despite ongoing supply constraints [28] - The expectation is that supply constraints will continue to impact demand realization into 2022, with a potential easing not anticipated until 2023 [30] - Management indicated that gross margins are expected to remain in the low to mid-50s long-term, despite some price increases from suppliers [36] Other Important Information - The company achieved record annual total revenue and product revenue in 2021, along with record design wins and a record product backlog for 2022 [9] - Operating expenses for Q4 2021 were $7.7 million, up from $7.4 million in Q3 2021, primarily due to product development and administrative costs [17] Q&A Session Summary Question: Supply situation and unmet demand realization - Management acknowledged that unmet demand of at least $2 million is expected to be pushed into Q2 2022 due to supply constraints, with a long lead time for recovery [27][30] Question: Backlog composition and pricing - The backlog is a combination of unit growth and some price increases to cover supplier costs, with no evidence of double booking among customers [31] Question: IP monetization strategy for 2022 - Management indicated that while specific licensing deals are unpredictable, they aim for IP to represent around 10% of total revenue [68] Question: Gross margin expectations - Management expects gross margins to remain in the low to mid-50s, supported by improved product yields and IP monetization [36] Question: Operating expenses outlook - Operating expenses may see a slight increase in Q1 2022 due to investments in the new product, but management aims to keep overall expenses flat [38]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-37900 (Exact name of Registrant as specified in its Charter) Delaware 26-2640654 (State or other jurisdict ...

Call Start: 17:00 January 1, 0000 5:35 PM ET Everspin Technologies, Inc. (NASDAQ:MRAM) Q3 2021 Earnings Conference Call November 11, 2021 17:00 ET Company Participants Darin Billerbeck - Interim Chief Executive Officer & President Anuj Aggarwal - Chief Financial Officer Conference Call Participants Richard Shannon - Craig-Hallum Denis Pyatchanin - Needham & Company John Fichthorn - Dialectic Capital Operator Good afternoon and welcome to the conference call to discuss Everspin Technologies Third Quarter 202 ...

Everspin Technologies, Inc. (NASDAQ:MRAM) Q2 2021 Earnings Conference Call August 12, 2021 5:00 PM ET Company Participants Darin Billerbeck - Interim CEO & President and Executive Chairman Anuj Aggarwal - CFO Conference Call Participants Richard Shannon - Craig-Hallum Denis Pyatchanin - Needham & Company Greg Johnson - RBC Capital Michael Seiler - SRT Operator Good afternoon and welcome to the conference call to discuss Everspin Technologies' Second Quarter 2021 Financial Results. At this time, all particip ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-37900 Everspin Technologies, Inc. (Exact name of Registrant as specified in its Charter) Delaware 26-2640654 (State or oth ...

Everspin Technologies, Inc. (NASDAQ:MRAM) Q1 2021 Earnings Conference Call May 6, 2021 5:30 PM ET Company Participants Darin Billerbeck - Interim CEO & President and Executive Chairman Anuj Aggarwal - CFO Conference Call Participants Sam Peterman - Craig-Hallum Capital Operator Good afternoon, and welcome to the conference call to discuss Everspin Technologies' first quarter 2021 financial results. [Operator Instructions]. As a reminder, this conference call is being recorded today, Thursday, May 6, 2021. B ...

Revenue Performance - Total revenue for Q1 2021 was $10.28 million, a 1.7% increase from $10.10 million in Q1 2020[81] - Product sales decreased by $0.57 million, or 5.9%, from $9.64 million in Q1 2020 to $9.07 million in Q1 2021 due to lower production volume[84] - Licensing, royalty, and other revenue increased by $0.74 million, or 156.2%, from $0.47 million in Q1 2020 to $1.21 million in Q1 2021[85] Profitability and Margins - Gross margin improved from 52.9% in Q1 2020 to 58.2% in Q1 2021, attributed to higher licensing revenue and improved manufacturing yields[87] - The net loss for Q1 2021 was $0.46 million, compared to a net loss of $1.73 million in Q1 2020[81] Expenses - Research and development expenses decreased by $0.59 million, or 19.5%, from $3.03 million in Q1 2020 to $2.44 million in Q1 2021, representing 24% of revenue[90] - Operating expenses totaled $6.27 million in Q1 2021, down from $6.93 million in Q1 2020, reflecting a decrease in R&D costs[81] - General and administrative expenses increased by $43,000, or 1.5%, from $2.8 million in Q1 2020 to $2.8 million in Q1 2021[93] - Sales and marketing expenses decreased by $0.1 million, or 10.5%, from $1.1 million in Q1 2020 to $1.0 million in Q1 2021[94] - Interest expense decreased by $20,000, or 11.6%, from $172,000 in Q1 2020 to $152,000 in Q1 2021[95] - Other (expense) income, net changed from income of $48,000 in Q1 2020 to an expense of $15,000 in Q1 2021, a decrease of $63,000 or 131.3%[96] Cash Flow and Financial Position - Cash and cash equivalents increased to $15.5 million as of March 31, 2021, from $14.6 million as of December 31, 2020[98] - Cash provided by operating activities was $1.7 million in Q1 2021, compared to cash used of $2.6 million in Q1 2020[109] - Cash used in investing activities was $0.3 million in Q1 2021, compared to $0.1 million in Q1 2020[111] - Cash used in financing activities was $0.5 million in Q1 2021, compared to cash provided of $2.1 million in Q1 2020[112] - As of March 31, 2021, the accumulated deficit was $157.6 million, compared to $157.2 million as of December 31, 2020[97] Market and Operational Context - Design wins increased from 37 in Q1 2020 to 40 in Q1 2021, indicating continued growth potential for MRAM products[75] - The company continues to face uncertainties due to the COVID-19 pandemic, impacting demand and operational efficiency[76]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 Table of Contents OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-37900 Everspin Technologies, Inc. (Exact name of Registrant as specified in its Charter) Delaware 26-2640654 (State ...

Everspin Technologies' (NASDAQ:MRAM) Q4 2020 Earnings Conference Call February 25, 2021 5:00 PM ET Company Participants Darin Billerbeck - President and CEO Daniel Berenbaum - CFO Conference Call Participants Michael Weber - Federal Realty Investment Trust Denis Pyatchanin - Needham & Company Rajvindra Gill - Needham & Company Operator Good afternoon, and welcome to the conference call to discuss Everspin Technologies' preliminary, unaudited fourth quarter and full-year 2020 financial results. At this time, ...