MoSys, Inc. Reports Third Quarter 2011 Financial Results

MOSYS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, unaudited)

	September 30,		December 31,
	2011		2010

Assets
Current assets:
Cash, cash equivalents and investments	$	18,305	$	29,351
Accounts receivable, net		602		1,079
Unbilled contract receivables		107		202
Prepaid expenses and other assets		2,985		3,377
Total current assets		21,999		34,009

Long-term investments		8,061		8,193
Property and equipment, net		1,654		2,160
Goodwill		23,134		23,134
Intangible assets, net		4,274		6,238
Other assets		348		232
Total assets	$	59,470	$	73,966

Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable	$	1,114	$	839
Accrued expenses and other liabilities		2,232		2,623
Accrued acquisition-related earn-out		500		1,500
Deferred revenue		1,212		1,801
Total current liabilities		5,058		6,763

Long-term liabilities		108		146

Stockholders' equity		54,304		67,057

Total liabilities and stockholders’ equity	$	59,470	$	73,966