MoSys, Inc. Reports Fourth Quarter and Full Year 2009 Financial

MoSys, Inc. Reports Fourth Quarter and Full Year 2009 Financial Results

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

	December 31,		December 31,
		2009		2008 (1)

Assets
Current assets:
Cash, cash equivalents and investments	$	31,338	$	44,075
Accounts receivable, net		739		688
Unbilled contract receivables		1,022		428
Prepaid expenses and other assets		3,235		2,158
Total current assets		36,334		47,349

Long-term investments		9,098		23,395
Property and equipment, net		1,561		958
Goodwill		23,017		12,326
Intangible assets, net		4,616		-
Other assets		1,147		1,905
Total assets	$	75,773	$	85,933

Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable	$	514	$	167
Accrued expenses and other liabilities		1,750		2,235
Accrued acquisition-related earn-out costs		5,659		-
Accrued restructuring liabilities		112		1,004
Deferred revenue		2,901		639
Total current liabilities		10,936		4,045

Long-term liabilities		136		-

Stockholders' equity		64,701		81,888

Total liabilities and stockholders’ equity	$	75,773	$	85,933

(1) Financial statements have been revised to reflect immaterial increases in stock-based compensation resulting from calculation errors in the third-party stock administration software used by the Company.