Exhibit 12.1
EVERSPIN TECHNOLOGIES, INC.
STATEMENT RE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands)
Our earnings were insufficient to cover fixed charges for the six months ended June 30, 2017, and each of the years ended December 31, 2016, 2015 and 2014. The following table sets forth our deficiency of earnings to cover fixed charges for the six months ended June 30, 2017, and each of the years ended December 31, 2016, 2015 and 2014.
| Six Months Ended June 30, | Year Ended December 31, | |||||||||||||||
| 2017 | 2016 | 2015 | 2014 | |||||||||||||
Fixed charges: | ||||||||||||||||
Interest expense | $ | 406 | $ | 2,347 | $ | 653 | $ | 263 | ||||||||
Interest portion of rental expense | — | — | — | — | ||||||||||||
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Total fixed charges | $ | 406 | $ | 2,347 | $ | 653 | $ | 263 | ||||||||
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Earnings: | ||||||||||||||||
(Loss) income before income taxes | $ | (11,273 | ) | $ | (16,708 | ) | $ | (18,183 | ) | $ | (10,183 | ) | ||||
Fixed charges per above | 406 | 2,347 | 653 | 263 | ||||||||||||
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Earnings | $ | (10,867 | ) | $ | (14,361 | ) | $ | (17,530 | ) | $ | (9,920 | ) | ||||
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Ratio of earnings to fixed charges | — | — | — | — | ||||||||||||
Deficiency of earnings available to cover fixed charges | $ | (11,274 | ) | $ | (16,708 | ) | $ | (18,183 | ) | $ | (10,183 | ) | ||||
