MoSys, Inc. Reports Fourth Quarter 2012 Financial Results



MOSYS, INC.
Reconciliation of GAAP to Non-GAAP Net Income (Loss) and Net Income (Loss) Per Share
(In thousands, except per share amounts; unaudited)

	Three Months Ended					Twelve Months Ended
	December 31,					December 31,
	2012			2011		2012			2011

GAAP net income (loss)	$	(7,773	)	$	29,800	$	(27,614	)	$	11,256
Stock-based compensation expense
- Cost of net revenue		4			270		53			407
- Research and development		590			586		2,694			1,961
- Selling, general and administrative		226			436		1,064			1,398
Total stock-based compensation expense		820			1,292		3,811			3,766

Amortization of intangible assets		250			654		1,746			2,618

Non-GAAP net income (loss)	$	(6,703	)	$	31,746	$	(22,057	)	$	17,640

GAAP net income (loss) per share - diluted	$	(0.19	)	$	0.75	$	(0.70	)	$	0.28
Reconciling items
- Stock-based compensation expense		0.01			0.03		0.10			0.10
- Amortization of intangible assets		0.01			0.02		0.04			0.06

Non-GAAP net income (loss) per share: diluted	$	(0.17	)	$	0.80	$	(0.56	)	$	0.44

Shares used in computing non-GAAP net income (loss) per share
Basic		39,958			38,353		39,176			37,861
Diluted		39,958			39,765		39,176			40,377