| APPLIED MICRO CIRCUITS CORPORATION | ||||||||||||||
| GAAP CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | ||||||||||||||
| (in thousands, except per share data) | ||||||||||||||
| (unaudited) | ||||||||||||||
| Three Months Ended | ||||||||||||||
| June 30, | March 31, | June 30, | ||||||||||||
| 2016 | 2016 | 2015 | ||||||||||||
| Net revenues | $ | 41,498 | $ | 41,108 | $ | 37,813 | ||||||||
| Cost of revenues | 16,029 | 16,934 | 16,806 | |||||||||||
| Gross profit | 25,469 | 24,174 | 21,007 | |||||||||||
| Operating expenses: | ||||||||||||||
| Research and development | 27,485 | 25,113 | 21,617 | |||||||||||
| Selling, general and administrative | 8,699 | 8,138 | 8,764 | |||||||||||
| Restructuring | - | (57 | ) | 96 | ||||||||||
| Total operating expenses | 36,184 | 33,194 | 30,477 | |||||||||||
| Operating loss | (10,715 | ) | (9,020 | ) | (9,470 | ) | ||||||||
| Interest and other income, net | 247 | 229 | 1,644 | |||||||||||
| Loss before income taxes | (10,468 | ) | (8,791 | ) | (7,826 | ) | ||||||||
| Income tax provision (benefit) | 71 | 116 | (422 | ) | ||||||||||
| Net loss | $ | (10,539 | ) | $ | (8,907 | ) | $ | (7,404 | ) | |||||
| Basic and diluted net loss per share: | $ | (0.12 | ) | $ | (0.11 | ) | $ | (0.09 | ) | |||||
| Shares used in calculating basic and diluted net loss per share | 84,980 | 84,127 | 81,179 | |||||||||||
Applied Micro Circuits Corporation Reports First Quarter Fiscal 2017 Financial Results
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