MoSys, Inc. Reports Fourth Quarter and Fiscal 2007 Financial Results


About MoSys, Inc.

Founded in 1991, MoSys (NASDAQ: MOSY), develops, licenses and markets innovative memory and analog/mixed-signal technologies for semiconductors. MoSys' patented 1T-SRAM and 1T-FLASH technologies offer a combination of high density, low power consumption, high speed and low cost unmatched by other available memory technologies. 1T-SRAM technologies also offer the familiar, refresh-free interface and high performance for random address access cycles associated with traditional SRAMs. In addition, these technologies can reduce operating power consumption by a factor of four compared with traditional SRAM technology, making them ideal for embedding large memories in System on Chip (SoC) designs. MoSys' licensees have shipped more than 135 million chips incorporating 1T-SRAM embedded memory technologies, demonstrating excellent manufacturability in a wide range of silicon processes and applications. MoSys' analog/mixed-signal products feature a number of industry firsts, including the first DVD front end IP to support both Blu-ray and HD DVD formats. Using MoSys IP, system vendors can achieve best-in-class price/performance in markets such as home entertainment and graphics applications; mobile consumer devices; and networking and storage equipment. MoSys is headquartered at 755 N. Mathilda Avenue, Sunnyvale, California 94085. More information is available on MoSys' website at www.mosys.com

1T-SRAM(R), 1T-FLASH(TM), and GigaCell(TM) are registered trademarks of MoSys, Inc.

                             MOSYS, INC.
           CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
         (In thousands, except per share amounts; unaudited)

                                    Three Months      Twelve Months
                                        Ended              Ended
                                    December 31,       December 31,
                                    2007     2006     2007      2006
                                  -------- -------- --------- --------

Net Revenue
  Licensing                           388    1,794     5,253    9,096
  Royalty                           2,511    3,215     9,081    5,813
                                  -------- -------- --------- --------
     Total net revenue              2,899    5,009    14,334   14,909

Cost of Net Revenue
  Licensing                           825      592     2,737    1,498
                                  -------- -------- --------- --------
     Total cost of net revenue        825      592     2,737    1,498

Gross Profit                        2,074    4,417    11,597   13,411

Operating Expenses
  Research and development          4,174    2,057    11,594    8,156
  Selling, general and
   administrative                   3,309    2,585    11,659   11,370
  In-process research and
   development                          -        -       966        -
  Amortization of acquired
   intangible assets                  197        -       394        -
  Litigation settlement                 -        -         -    2,400
                                  -------- -------- --------- --------
     Total operating expenses       7,680    4,642    24,613   21,926

  Loss from operations             (5,606)    (225)  (13,016)  (8,515)

  Other income/expenses             1,015      865     4,520    3,286
                                  -------- -------- --------- --------
     Income (loss) before income
      taxes                        (4,591)     640    (8,496)  (5,229)

  Benefit (provision) for income
   taxes                                8      (73)      (25)    (109)
                                  -------- -------- --------- --------

Net income (loss)                 $(4,583) $   567  $ (8,521) $(5,338)
                                  ======== ======== ========= ========

Net income (loss) per share
  Basic                            ($0.14) $  0.02    ($0.27)  ($0.17)
  Diluted                          ($0.14) $  0.02    ($0.27)  ($0.17)

Shares used in computing net
 income (loss) per share
  Basic                              32,117      31,492        31,994      31,298
    Diluted                                                    32,117      32,862        31,994      31,298
 


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