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Everspin Technologies's gross profit for the three months ended in Mar. 2024 was $8.16 Mil. Everspin Technologies's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was $36.98 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Everspin Technologies's gross profit for the three months ended in Mar. 2024 was $8.16 Mil. Everspin Technologies's Revenue for the three months ended in Mar. 2024 was $14.43 Mil. Therefore, Everspin Technologies's Gross Margin % for the quarter that ended in Mar. 2024 was 56.55%.
Everspin Technologies had a gross margin of 56.55% for the quarter that ended in Mar. 2024 => Durable competitive advantage
During the past 10 years, the highest Gross Margin % of Everspin Technologies was 59.97%. The lowest was 43.04%. And the median was 53.46%.
The historical data trend for Everspin Technologies's Gross Profit can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Everspin Technologies Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Gross Profit | Get a 7-Day Free Trial | 18.33 | 18.09 | 33.07 | 33.95 | 37.25 |
Everspin Technologies Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Gross Profit | Get a 7-Day Free Trial | 8.43 | 9.19 | 9.92 | 9.70 | 8.16 |
For the Semiconductors subindustry, Everspin Technologies's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Semiconductors industry and Technology sector, Everspin Technologies's Gross Profit distribution charts can be found below:
* The bar in red indicates where Everspin Technologies's Gross Profit falls into.
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Everspin Technologies's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit (A: Dec. 2023 ) | = | Revenue | - | Cost of Goods Sold |
= | 63.765 | - | 26.52 | |
= | 37.25 |
Everspin Technologies's Gross Profit for the quarter that ended in Mar. 2024 is calculated as
Gross Profit (Q: Mar. 2024 ) | = | Revenue | - | Cost of Goods Sold |
= | 14.43 | - | 6.27 | |
= | 8.16 |
Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $36.98 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
Everspin Technologies's Gross Margin % for the quarter that ended in Mar. 2024 is calculated as
Gross Margin % (Q: Mar. 2024 ) | = | Gross Profit (Q: Mar. 2024 ) | / | Revenue (Q: Mar. 2024 ) |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | 8.16 | / | 14.43 | |
= | 56.55 % |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Everspin Technologies (NAS:MRAM) Gross Profit Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Everspin Technologies had a gross margin of 56.55% for the quarter that ended in Mar. 2024 => Durable competitive advantage
Thank you for viewing the detailed overview of Everspin Technologies's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Sanjeev Aggarwal | officer: Vice President, Technology R&D | EVERSPIN TECHNOLOGIES, INC., 5670 W. CHANDLER BOULEVARD, SUITE 130, CHANDLER AZ 85226 |
Anuj Aggarwal | officer: Interim CFO | EVERSPIN TECHNOLOGIES, INC., 5670 W. CHANDLER BOULEVARD, SUITE 130, CHANDLER AZ 85226 |
David Schrenk | officer: VP Sales and Business | C/O EVERSPIN TECHNOLOGIES, INC., 5670 CHANDLER BOULEVARD, SUITE 130, CHANDLER AZ 85226 |
Darin G Billerbeck | director, officer: Interim CEO | EVERSPIN TECHNOLOGIES, INC., 5670 W. CHANDLER BOULEVARD, SUITE 130, CHANDLER AZ 85226 |
Geoffrey G Ribar | director | |
Michael B Gustafson | director | 380 INTERLOCKEN CRESCENT, BROOMFIELD CO 80021 |
Troy Winslow | officer: VP, Sales and Marketing | C/O EVERSPIN TECHNOLOGIES, INC., 5670 W. CHANDLER ROAD, CHANDLER CA 85226 |
Glen Hawk | director | EVERSPIN TECHNOLOGIES, INC., 5670 W. CHANDLER BOULEVARD, SUITE 130, CHANDLER AZ 85226 |
Tara Long | director | EVERSPIN TECHNOLOGIES, INC., 5670 W. CHANDLER BOULEVARD, SUITE 130, CHANDLER AZ 85226 |
Stephen Socolof | director, 10 percent owner | C/O EVERSPIN TECHNOLOGIES, INC., 1347 N. ALMA SCHOOL ROAD, SUITE 220, CHANDLER AZ 85224 |
Aparna Oka | officer: Corporate Controller | 5670 W CHANDLER BLVD, SUITE 100, CHANDLER AZ 85226 |
Lawrence G Finch | director | C/O EVERSPIN TECHNOLOGIES, INC.,, 5670 W. CHANDLER BOULEVARD, SUITE 130, CHANDLER AZ 85226 |
Geoffrey Tate | other: Former Director | 4440 EL CAMINO REAL, LOS ALTOS CA 94022 |
Daniel Berenbaum | officer: CFO | C/O EVERSPIN TECHNOLOGIES, INC., 5670 W. CHANDLER BLVD., SUITE 100, CHANDLER AZ 85226 |
Matthew Tenorio | officer: Interim CFO, PFO and PAO | C/O EVERSPIN TECHNOLOGIES, INC., 5670 W. CHANDLER BLVD., SUITE 100, CHANDLER AZ 85226 |
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