Rambus Inc.
Condensed Consolidated Statements of Operations
(In thousands, except per share amounts)
(Unaudited)

Three Months Ended
December 31,

Year Ended
December 31,

2020

2019

2020

2019

Revenue:

Royalties

$

27,732

$

19,434

$

80,985

$

90,785

Product revenue

21,774

26,600

113,996

72,972

Contract and other revenue

12,407

13,913

47,766

60,270

Total revenue

61,913

59,947

242,747

224,027

Cost of revenue:

Cost of product revenue

7,468

9,311

37,749

27,156

Cost of contract and other revenue

1,647

1,637

5,647

9,905

Amortization of acquired intangible assets

4,336

3,628

17,352

14,314

Total cost of revenue

13,451

14,576

60,748

51,375

Gross profit

48,462

45,371

181,999

172,652

Operating expenses:

Research and development

34,752

36,820

139,837

156,815

Sales, general and administrative

21,232

24,538

85,619

101,373

Amortization of acquired intangible assets

229

334

1,061

2,743

Restructuring and other charges

3,253

4,588

4,089

8,821

(Gain) loss on divestiture

—

(7,698)

—

7,439

Change in fair value of earn-out liability

—

—

(1,800)

—

Total operating expenses

59,466

58,582

228,806

277,191

Operating loss

(11,004)

(13,211)

(46,807)

(104,539)

Interest income and other income (expense), net

3,081

6,263

17,516

27,375

Interest expense

(2,619)

(2,550)

(10,340)

(9,852)

Interest and other income (expense), net

462

3,713

7,176

17,523

Loss before income taxes

(10,542)

(9,498)

(39,631)

(87,016)

Provision for income taxes

1,524

34

3,978

3,403

Net loss

$

(12,066)

$

(9,532)

$

(43,609)

$

(90,419)

Net loss per share:

Basic

$

(0.11)

$

(0.09)

$

(0.39)

$

(0.81)

Diluted

$

(0.11)

$

(0.09)

$

(0.39)

$

(0.81)

Weighted average shares used in per share calculation:

Basic

112,706

111,883

113,254

110,948

Diluted

112,706

111,883

113,254

110,948