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