MoSys, Inc. Reports Fourth Quarter and 2011 Financial Results

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

	December 31,
	2011		2010

Assets
Current assets:
Cash, cash equivalents and investments	$	49,438	$	29,351
Accounts receivable, net		969		1,079
Unbilled contract receivables		74		202
Prepaid expenses and other assets		1,522		3,377
Total current assets		52,003		34,009

Long-term investments		8,537		8,193
Property and equipment, net		1,382		2,160
Goodwill		23,134		23,134
Intangible assets, net		4,400		6,238
Other assets		181		232
Total assets	$	89,637	$	73,966

Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable	$	336	$	839
Accrued expenses and other liabilities		2,779		2,623
Accrued acquisition-related earn-out		-		1,500
Deferred revenue		920		1,801
Total current liabilities		4,035		6,763

Long-term liabilities		109		146

Stockholders' equity		85,493		67,057

Total liabilities and stockholders’ equity	$	89,637	$	73,966