Inphi, the Inphi logo and Think fast are registered trademarks of Inphi Corporation. All other trademarks used herein are the property of their respective owners.
Corporate Contact:
Kim Markle
Inphi
408-217-7329
kmarkle@inphi.com
Investor Contact:
Deborah Stapleton
650-815-1239
deb@stapleton.com
| INPHI CORPORATION | ||||||||||||
| CONSOLIDATED STATEMENTS OF OPERATIONS | ||||||||||||
| (in thousands of dollars, except share and per share amounts) | ||||||||||||
| (Unaudited) | ||||||||||||
|
Three Months Ended
December 31, |
Year Ended
December 31, | |||||||||||
| 2018 | 2017 | 2018 | 2017 | |||||||||
| Revenue | $ | 86,531 | $ | 85,683 | $ | 294,490 | $ | 348,201 | ||||
| Cost of revenue | 37,005 | 32,599 | 129,345 | 151,698 | ||||||||
| Gross margin | 49,526 | 53,084 | 165,145 | 196,503 | ||||||||
| Operating expenses: | ||||||||||||
| Research and development | 40,624 | 41,965 | 167,924 | 200,539 | ||||||||
| Sales and marketing | 10,608 | 10,801 | 43,080 | 42,381 | ||||||||
| General and administrative | 6,535 | 5,605 | 28,302 | 23,782 | ||||||||
| Total operating expenses | 57,767 | 58,371 | 239,306 | 266,702 | ||||||||
| Loss from operations | (8,241 | ) | (5,287 | ) | (74,161 | ) | (70,199 | ) | ||||
| Interest expense, net of other income | (13,195 | ) | (6,428 | ) | (29,801 | ) | (25,881 | ) | ||||
| Loss from operations before income taxes | (21,436 | ) | (11,715 | ) | (103,962 | ) | (96,080 | ) | ||||
| Provision (benefit) for income taxes | 195 | (11,817 | ) | (8,211 | ) | (21,176 | ) | |||||
| Net income (loss) | $ | (21,631 | ) | $ | 102 | $ | (95,751 | ) | $ | (74,904 | ) | |
| Earnings per share: | ||||||||||||
| Basic | $ | (0.49 | ) | $ | - | $ | (2.19 | ) | $ | (1.78 | ) | |
| Diluted | $ | (0.49 | ) | $ | - | $ | (2.19 | ) | $ | (1.78 | ) | |
| Weighted-average shares used in computing earnings per share: | ||||||||||||
| Basic | 44,152,932 | 42,595,179 | 43,690,581 | 42,165,213 | ||||||||
| Diluted | 44,152,932 | 44,335,639 | 43,690,581 | 42,165,213 | ||||||||
