About MoSys, Inc.
MoSys, Inc. (NASDAQ:MOSY) is a fabless semiconductor company enabling leading equipment manufacturers in the data center, networking, security and communications systems markets to address the continual increase in Internet users, data and services. More information is available at
www.mosys.com.
Bandwidth Engine and MoSys are registered trademarks of MoSys, Inc. in the US and/or other countries. All other marks mentioned herein are the property of their respective owners.
(Financial Tables to Follow)
| MOSYS, INC. | ||||||||||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | ||||||||||||||||
| (In thousands, except per share amounts; unaudited) | ||||||||||||||||
| Three Months Ended | Nine Months Ended | |||||||||||||||
| September 30, | September 30, | |||||||||||||||
| 2017 | 2016 | 2017 | 2016 | |||||||||||||
| Net Revenue | ||||||||||||||||
| Product | $ | 2,231 | $ | 1,205 | $ | 4,297 | $ | 3,612 | ||||||||
| Royalty and other | 222 | 368 | 752 | 1,045 | ||||||||||||
| Total net revenue | 2,453 | 1,573 | 5,049 | 4,657 | ||||||||||||
| Cost of Net Revenue | 1,256 | 658 | 2,590 | 2,484 | ||||||||||||
| Gross Profit | 1,197 | 915 | 2,459 | 2,173 | ||||||||||||
| Operating Expenses | ||||||||||||||||
| Research and development | 1,436 | 3,927 | 7,234 | 14,043 | ||||||||||||
| Selling, general and administrative | 1,244 | 1,450 | 3,659 | 4,543 | ||||||||||||
| Restructuring and impairment charges | 50 | - | 1,052 | 676 | ||||||||||||
| Total operating expenses | 2,730 | 5,377 | 11,945 | 19,262 | ||||||||||||
| Loss from operations | (1,533 | ) | (4,462 | ) | (9,486 | ) | (17,089 | ) | ||||||||
| Other expense, net | (210 | ) | (239 | ) | (656 | ) | (481 | ) | ||||||||
| Net Loss | $ | (1,743 | ) | $ | (4,701 | ) | $ | (10,142 | ) | $ | (17,570 | ) | ||||
| Net loss per share | ||||||||||||||||
| Basic and diluted | $ | (0.22 | ) | $ | (0.71 | ) | $ | (1.43 | ) | $ | (2.67 | ) | ||||
| Shares used in computing net loss per share | ||||||||||||||||
| Basic and diluted | 7,938 | 6,609 | 7,092 | 6,592 | ||||||||||||
