MoSys, Inc. Reports Second Quarter 2015 Financial Results

 
MOSYS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts; unaudited)
           
Three Months Ended Six Months Ended
June 30, June 30,
  2015     2014     2015     2014  
 
Net Revenue
Product $ 543 $ 975 $ 723 $ 1,556
Royalty and other   451     774     1,047     1,525  
Total net revenue 994 1,749 1,770 3,081
 
Cost of Net Revenue
Product and other   563     1,022     800     1,599  
Total cost of net revenue 563 1,022 800 1,599
 
Gross Profit 431 727 970 1,482
 
Operating Expenses
Research and development 5,789 6,432 12,682 13,486
Selling, general and administrative   1,550     1,490     3,164     3,287  
Total operating expenses 7,339 7,922 15,846 16,773
 
Loss from operations (6,908 ) (7,195 ) (14,876 ) (15,291 )
 
Other income, net   29     55     52     85  
Loss before income taxes (6,879 ) (7,140 ) (14,824 ) (15,206 )
 
Income tax provision   27     21     47     42  
 
Net loss $ (6,906 ) $ (7,161 ) $ (14,871 ) $ (15,248 )
 
Net loss per share
Basic and diluted $ (0.11 ) ($0.14 ) ($0.25 ) ($0.31 )
 
Shares used in computing net loss per share
Basic and diluted 64,737 49,511 59,539 49,344

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