Everspin Technologies (MRAM) risk factors, FY2025 10-K

Other

1. 01We are subject to the cyclical nature of the semiconductor industry
2. 02We rely on third parties to distribute, manufacture, package, assemble and test our products, which exposes us to a number of risks, including reduced control over manufacturing and delivery timing and potential price fluctuations, which could result in a loss of revenue or reduced profitability35% rewritten
3. 03Disruptions in our supply chain and increased cost of components used in our products may adversely impact our business, results of operations and financial condition, including our ability to fulfill customer demand
4. 04We may be unable to match production with customer demand for a variety of reasons including our inability to accurately forecast customer demand, supply chain constraints, or the capacity constraints of our suppliers, which could adversely affect our operating results
5. 05As we expand into new potential markets, we expect to face intense competition, including from our customers and potential customers, and may not be able to compete effectively, which could harm our business
6. 06Our joint development agreement and strategic relationships involve numerous risks
7. 07If our strategic relationships are unsuccessful, our business, results of operations, or financial condition may be materially adversely affected
8. 08The loss of one or several of our customers or reduced orders or pricing from existing customers may have a significant adverse effect on our operations and financial results
9. 09Our costs may increase substantially if we or our third-party manufacturing contractors do not achieve satisfactory product yields or quality. The complexity of our products may lead to defect, which could negatively impact our reputation with customers and result in liability85% rewritten
10. 10fabrication process or determine the cause of such defects in a timely manner. There may be a higher risk of product yield issues in newer STT-MRAM productsNew
11. 11We may experience difficulties in transitioning to new wafer fabrication process technologies or in achieving higher levels of design integration, which may result in reduced manufacturing yields, delays in product deliveries and increased expenses80% rewritten
12. 12Changes to industry standards and technical requirements relevant to our products and markets could adversely affect our business, results of operations and prospects
13. 13Our success depends on our ability to attract and retain key employees, and our failure to do so could harm our ability to grow our business and execute our business strategies
14. 14We currently maintain and are seeking to expand operations outside of the United States which exposes us to significant risks
15. 15We may need additional funding and may be unable to raise capital when needed, which could force us to delay, reduce, or eliminate planned activities47% rewritten
16. 16company, and any new equity securities we issue could have rights, preferences, and privileges senior to those of holders of our common stockNew
17. 17We cannot be certain that we will sustain profitability
18. 18Failure to protect our intellectual property could substantially harm our business72% rewritten
19. 19Interruptions in or other compromises of our information technology systems or data or that of third parties upon whom we rely could adversely affect our business
20. 20To comply with environmental laws and regulations, we may need to modify our activities or incur substantial costs, and if we fail to comply with environmental regulations, we could be subject to substantial fines or be required to have our suppliers alter their processes
21. 21Regulations related to “conflict minerals” may force us to incur additional expenses, may make our supply chain more complex and may result in damage to our reputation with customers
22. 22Our ability to use net operating losses to offset future taxable income may be subject to certain limitations20% rewritten
23. 23Changes in tax laws or regulations that are applied adversely to us or our customers may have a material adverse effect on our business, cash flow, financial condition, or results of operationsNew

Risks Related to Our Common Stock

1. 24We expect that the price of our common stock will fluctuate substantially
2. 25Provisions in our corporate charter documents and under Delaware law could make an acquisition of us more difficult and may prevent attempts by our stockholders to replace or remove our current management
3. 26We are subject to governmental export and import controls that could impair our ability to compete in international markets due to licensing requirements and subject us to liability if we are not in compliance with applicable laws
4. 27Substantial new tariffs and other restrictive trade policies have created a dynamic and unpredictable trade landscape, which may adversely impact our businessNew
5. 28Ongoing uncertainty regarding trade policies may also further complicate our short- and long-term strategic planning, and that of our partners and customers, including decisions regarding hiring, product strategy, capital investment, supply chain design and geographic expansionNew
6. 29Our business may be adversely impacted by natural disasters and other catastrophic events