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


                             MOSYS, INC.
 Reconciliation of GAAP to Non-GAAP Net Income (Loss) and Net Income
                           (Loss) Per Share
         (In thousands, except per share amounts; unaudited)


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

GAAP net income (loss)              $(4,583) $   567 $(8,521) $(5,338)
  Stock-based compensation expense
    -Cost of revenue                    178       98     495      225
    -Research and development           363      252   1,162      993
     Selling, general and
    - administrative                    651      466   2,109    1,528
                                    -------- ------- -------- --------
     Total stock-based compensation
      expense                         1,192      816   3,766    2,746

  In-process research and
   development                            -        -     966        -
  Amortization of acquired
   intangible assets                    197        -     394        -
                                    -------- ------- -------- --------

Non-GAAP net income (loss)          $(3,194) $ 1,383 $(3,395) $(2,592)
                                    ======== ======= ======== ========

GAAP net income (loss) per share     ($0.14) $  0.02  ($0.27)  ($0.17)
  Reconciling items:
     Stock-based compensation
    - expense                          0.04     0.02    0.11     0.09
     In-process research and
    - development                         -        -    0.03        -
     Amortization of acquired
    - intangible assets                   -        -    0.02        -
                                    -------- ------- -------- --------

Non-GAAP net income (loss) per
 share: Basic and Diluted            ($0.10) $  0.04  ($0.11)  ($0.08)
                                    ======== ======= ======== ========

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


                             MOSYS, INC.
                CONDENSED CONSOLIDATED BALANCE SHEETS
                      (in thousands, unaudited)

                                             December 31, December 31,
                                                 2007         2006
                                             ------------ ------------

Assets
  Current assets:
     Cash, cash equivalents and short-term
      investments                            $     64,961 $     81,807
     Accounts receivable, net                         895        2,491
     Unbilled contract receivables                    518          360
       Prepaid  expenses  and  other  assets                            2,393                2,831
                                                                                          ------------  ------------
                Total  current  assets                                              68,767              87,489

    Long-term  investments                                                        13,693                2,492
    Property  and  equipment,  net                                              1,396                    855
    Goodwill                                                                                  12,326              12,326
    Intangible  assets,  net                                                        2,166                        -
    Other  assets                                                                                449                    598
                                                                                          ------------  ------------
                Total  assets                                                  $          98,797  $        103,760
                                                                                          ============  ============


Liabilities  and  Stockholders'  Equity
    Current  liabilities:
          Accounts  payable                                                $                146  $                307
          Accrued  expenses  and  other  liabilities                  2,158                1,865
          Deferred  revenue                                                                  201                    619
                                                                                          ------------  ------------
                Total  current  liabilities                                      2,505                2,791

    Long-term  portion  of  restructuring
      liability                                                                                        -                      54

    Stockholders'  equity                                                          96,292            100,915

                                                                                          ------------  ------------
                Total  liabilities  and  stockholders'
                  equity                                                            $          98,797  $        103,760
                                                                                          ============  ============
 



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