Everspin Technologies, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was USD 15.24 million compared to USD 14.8 million a year ago. Net income was USD 1.91 million compared to USD 0.88 million a year ago. Basic earnings per share from continuing operations was USD 0.09 compared to USD 0.05 a year ago. Diluted earnings per share from continuing operations was USD 0.09 compared to USD 0.04 a year ago.
For the nine months, revenue was USD 44.3 million compared to USD 36.92 million a year ago. Net income was USD 5.51 million compared to USD 0.676 million a year ago. Basic earnings per share from continuing operations was USD 0.27 compared to USD 0.03 a year ago. Diluted earnings per share from continuing operations was USD 0.27 compared to USD 0.03 a year ago.