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EZchip Semiconductor Ltd. Condensed Consolidated Statements of Operations (U.S. Dollars in thousands, except per share amounts) (Unaudited) | ||||||
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Three Months Ended | ||||
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March 31, |
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December 31, |
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March 31, |
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2014 |
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2013 |
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2013 |
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Revenues |
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$ 20,288 |
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$ 20,097 |
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$ 15,296 |
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Cost of revenues |
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3,788 |
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3,680 |
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2,941 |
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Gross profit |
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16,500
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16,417
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12,355
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Operating expenses: |
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Research and development, net |
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7,102 |
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6,923 |
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6,098 |
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Selling, general and administrative |
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3,772 |
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3,527 |
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3,257 |
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Total operating expenses |
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10,874 |
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10,450 |
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9,355 |
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Operating income |
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5,626
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5,967
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3,000
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Financial income, net |
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460 |
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546 |
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510 |
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Net income |
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$ 6,086 |
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$ 6,513 |
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$ 3,510 |
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Net income per share: |
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Basic |
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$ 0.21 |
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$ 0.23 |
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$ 0.12 |
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Diluted |
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$ 0.21 |
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$ 0.22 |
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$ 0.12 |
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Weighted average shares used in per share calculation: |
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Basic |
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28,978,411 |
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28,825,291 |
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28,394,665 |
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Diluted |
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29,338,690 |
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29,171,552 |
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28,881,145 |
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