| Press Release Financials | Rambus | |||||||||||||||
| 4440 El Camino Real | ||||||||||||||||
| Los Altos, CA 94022 | ||||||||||||||||
| Condensed Consolidated Statements of Operations | ||||||||||||||||
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(In thousands, except per share amounts) |
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| (Unaudited) | ||||||||||||||||
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Three Months Ended
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Twelve Months Ended
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| 2008 | 2007 | 2008 | 2007 | |||||||||||||
| Revenue: | ||||||||||||||||
| Royalty revenue | $ | 35,736 | $ | 36,043 | $ | 126,910 | $ | 154,306 | ||||||||
| Contract revenue | 1,877 | 4,489 | 15,584 | 25,634 | ||||||||||||
| Total revenues | 37,613 | 40,532 | 142,494 | 179,940 | ||||||||||||
| Costs and expenses: | ||||||||||||||||
| Cost of contract revenues (1) | 2,892 | 8,246 | 21,303 | 27,124 | ||||||||||||
| Research and development (1) | 17,174 | 22,538 | 76,222 | 82,877 | ||||||||||||
| Marketing, general and administrative (1) | 35,700 | 40,940 | 124,077 | 120,597 | ||||||||||||
| Restructuring costs (1) | 161 | - | 4,185 | - | ||||||||||||
| Impairment of asset | - | - | 2,158 | - | ||||||||||||
| Costs (recovery) of restatement and related legal activities | (302 | ) | 826 | 3,262 | 19,457 | |||||||||||
| Total costs and expenses | 55,625 | 72,550 | 231,207 | 250,055 | ||||||||||||
| Operating loss | (18,012 | ) | (32,018 | ) | (88,713 | ) | (70,115 | ) | ||||||||
| Interest and other income, net | 6,835 | 5,263 | 17,042 | 21,759 | ||||||||||||
| Loss before income taxes | (11,177 | ) | (26,755 | ) | (71,671 | ) | (48,356 | ) | ||||||||
| Provision for (benefit from) income taxes | (496 | ) | (12,197 | ) | 124,252 | (20,692 | ) | |||||||||
| Net loss | $ | (10,681 | ) | $ | (14,558 | ) | $ | (195,923 | ) | $ | (27,664 | ) | ||||
| Net loss per share: | ||||||||||||||||
| Basic | $ | (0.10 | ) | $ | (0.14 | ) | $ | (1.87 | ) | $ | (0.27 | ) | ||||
| Diluted | $ | (0.10 | ) | $ | (0.14 | ) | $ | (1.87 | ) | $ | (0.27 | ) | ||||
| Weighted-Average Shares used in computing per share amounts: | ||||||||||||||||
| Basic | 103,915 | 104,754 | 104,574 | 104,056 | ||||||||||||
| Diluted | 103,915 | 104,754 | 104,574 | 104,056 | ||||||||||||
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(1) Total stock-based compensation expense for the three and twelve month periods ended December 31, 2008 and December 31, 2007 are presented as follows: |
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Three Months Ended
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Twelve Months Ended
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| 2008 | 2007 | 2008 | 2007 | |||||||||||||
| Cost of contract revenues | $ | 583 | $ | 1,841 | $ | 5,187 | $ | 5,910 | ||||||||
| Research and development | $ | 2,491 | $ | 6,378 | $ | 13,488 | $ | 16,199 | ||||||||
| Marketing, general and administrative | $ | 5,593 | $ | 8,189 | $ | 18,492 | $ | 22,701 | ||||||||
| Restructuring costs | $ | - | $ | - | $ | 547 | $ | - | ||||||||
Rambus Reports Fourth Quarter and Year-End Financial Results
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