MoSys, Inc. Reports First Quarter 2009 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
	March 31,
	2009			2008

GAAP net loss	$	(4,079	)	$	(4,284	)
Stock-based compensation expense
- Cost of net revenue		32			80
- Research and development		174			373
- Selling, general and administrative		241			813
Total stock-based compensation expense		447			1,266

Restructuring charge (1)		275			-
Amortization of intangible assets		-			197

Non-GAAP net loss	$	(3,357	)	$	(2,821	)

GAAP net loss per share		($0.13	)		($0.14	)
Reconciling items
- Stock-based compensation expense		0.01			0.04
- Restructuring charge (1)		0.01			-
- Amortization of intangible assets		-			0.01

Non-GAAP net loss per share: Basic and diluted		($0.11	)		($0.09	)

Shares used in computing non-GAAP net loss per share
Basic and diluted		31,322			31,673

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