MoSys, Inc. Reports Fourth Quarter and Full Year 2008 Financial

MoSys, Inc. Reports Fourth Quarter and Full Year 2008 Financial Results

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

			Three Months Ended		Twelve Months Ended
			December 31,		December 31,
			2008	2007	2008	2007

	GAAP net loss		$ (6,307)	$ (4,583)	$ (18,419)	$ (8,521)
		Stock-based compensation expense
		- Cost of net revenue	66	178	408	495
		- Research and development	261	363	1,197	1,162
		- Selling, general and administrative	673	651	2,972	2,109
		Total stock-based compensation expense	1,000	1,192	4,577	3,766

		In-process research and development	-	-	-	966
		Amortization of intangible assets	151	197	742	394
		Impairment of intangible assets (1)	1,379	-	1,379	-
		Restructuring charge (1)	1,334	-	1,334	-

	Non-GAAP net loss		$ (2,443)	$ (3,194)	$ (10,387)	$ (3,395)

	GAAP net loss per share		($0.20)	($0.14)	($0.58)	($0.27)
		Reconciling items
		- Stock-based compensation expense	0.03	0.04	0.15	0.12
		- In-process research and development	-	-	-	0.03
		- Amortization of intangible assets	0.01	-	0.02	0.01
		- Impairment of intangible assets (1)	0.04	-	0.04	-
		- Restructuring charge (1)	0.04	-	0.04	-

	Non-GAAP net loss per share: Basic and diluted		($0.08)	($0.10)	($0.33)	($0.11)

	Shares used in computing non-GAAP net loss per share
		Basic and diluted	31,623	32,117	31,698	31,994

(1) Charges related to the exit of the analog/mixed-signal product lines