| APPLIED MICRO CIRCUITS CORPORATION | |||||||||||||||||||||
| GAAP CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | |||||||||||||||||||||
| (in thousands, except per share data) | |||||||||||||||||||||
| (unaudited) | |||||||||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||||||||
|
September 30,
2016 |
June 30,
2016 |
September 30,
2015 |
September 30,
2016 |
September 30,
2015 | |||||||||||||||||
| Net revenues | $ | 41,779 | $ | 41,498 | $ | 39,743 | $ | 83,277 | $ | 77,556 | |||||||||||
| Cost of revenues | 14,119 | 16,029 | 17,758 | 30,148 | 34,564 | ||||||||||||||||
| Gross profit | 27,660 | 25,469 | 21,985 | 53,129 | 42,992 | ||||||||||||||||
| Operating expenses: | |||||||||||||||||||||
| Research and development | 24,037 | 27,485 | 22,411 | 51,522 | 44,028 | ||||||||||||||||
| Selling, general and administrative | 8,342 | 8,699 | 8,373 | 17,041 | 17,137 | ||||||||||||||||
| Restructuring | - | - | 15 | - | 111 | ||||||||||||||||
| Total operating expenses | 32,379 | 36,184 | 30,799 | 68,563 | 61,276 | ||||||||||||||||
| Operating loss | (4,719 | ) | (10,715 | ) | (8,814 | ) | (15,434 | ) | (18,284 | ) | |||||||||||
| Interest and other income, net | 257 | 247 | 265 | 504 | 1,909 | ||||||||||||||||
| Loss before income taxes | (4,462 | ) | (10,468 | ) | (8,549 | ) | (14,930 | ) | (16,375 | ) | |||||||||||
| Income tax provision (benefit) | 178 | 71 | (488 | ) | 249 | (910 | ) | ||||||||||||||
| Net loss | $ | (4,640 | ) | $ | (10,539 | ) | $ | (8,061 | ) | $ | (15,179 | ) | $ | (15,465 | ) | ||||||
| Basic and diluted net loss per share: | $ | (0.05 | ) | $ | (0.12 | ) | $ | (0.10 | ) | $ | (0.18 | ) | $ | (0.19 | ) | ||||||
| Shares used in calculating basic and diluted net loss per share | 85,984 | 84,980 | 82,176 | 85,486 | 81,680 | ||||||||||||||||
Applied Micro Circuits Corporation Reports Second Quarter Fiscal 2017 Financial Results
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