MoSys, 1T-SRAM and Bandwidth Engine are registered trademarks of MoSys, Inc. in the US and/or other countries. The MoSys logo is a trademark of MoSys, Inc. All other marks mentioned herein are the property of their respective owners.
MOSYS, INC. | ||||||||||||||||||||
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | ||||||||||||||||||||
(In thousands, except per share amounts; unaudited) | ||||||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||||||
September 30, | September 30, | |||||||||||||||||||
2011 | 2010 | 2011 | 2010 | |||||||||||||||||
Net Revenue | ||||||||||||||||||||
Licensing | $ | 756 | $ | 1,494 | $ | 3,319 | $ | 5,060 | ||||||||||||
Royalty | 1,351 | 2,282 | 5,619 | 6,535 | ||||||||||||||||
Total net revenue | 2,107 | 3,776 | 8,938 | 11,595 | ||||||||||||||||
Cost of Net Revenue | ||||||||||||||||||||
Licensing | 356 | 735 | 1,515 | 2,058 | ||||||||||||||||
Total cost of net revenue | 356 | 735 | 1,515 | 2,058 | ||||||||||||||||
Gross Profit | 1,751 | 3,041 | 7,423 | 9,537 | ||||||||||||||||
Operating Expenses | ||||||||||||||||||||
Research and development | 6,648 | 6,779 | 19,369 | 18,614 | ||||||||||||||||
Selling, general and administrative | 1,952 | 2,435 | 6,583 | 7,201 | ||||||||||||||||
Acquisition-related costs | - | - | - | 1,182 | ||||||||||||||||
Total operating expenses | 8,600 | 9,214 | 25,952 | 26,997 | ||||||||||||||||
Loss from operations | (6,849 | ) | (6,173 | ) | (18,529 | ) | (17,460 | ) | ||||||||||||
Other income, net | 10 | 8 | 44 | 200 | ||||||||||||||||
Loss before income taxes | (6,839 | ) | (6,165 | ) | (18,485 | ) | (17,260 | ) | ||||||||||||
Income tax provision | 24 | 33 | 59 | 91 | ||||||||||||||||
Net loss | $ | (6,863 | ) | $ | (6,198 | ) | $ | (18,544 | ) | $ | (17,351 | ) | ||||||||
Net loss per share | ||||||||||||||||||||
Basic and diluted | ($0.18 | ) | ($0.19 | ) | ($0.49 | ) | ($0.55 | ) | ||||||||||||
Shares used in computing net loss per share | ||||||||||||||||||||
Basic and diluted | 38,090 | 31,946 | 37,700 | 31,616 | ||||||||||||||||