About MoSys, Inc.
MoSys, Inc. (NASDAQ: MOSY) develops serial chip-to-chip communications solutions that deliver unparalleled bandwidth performance for next generation networking systems and advanced system-on-chip (SoC) designs. MoSys’ IP portfolio includes DDR3 PHYs and SerDes IP that support data rates from 1 - 11 Gigabits per second (Gbps) across a variety of standards. In addition, MoSys offers its flagship, patented 1T-SRAM® and 1T-Flash® memory cores, which offer a combination of high-density, low power consumption, high-speed and low cost advantages for high-performance networking, computing, storage and consumer/graphics applications. MoSys’ IP is production-proven in more than 225 million devices. MoSys is headquartered in Sunnyvale, California. More information is available on MoSys' website at www.mosys.com.
MoSys, 1T-SRAM and 1T-Flash are registered trademarks of MoSys, Inc. The MoSys logo and Bandwidth Engine are trademarks of MoSys, Inc. All other trademarks mentioned herein are the intellectual property of their respective owners.
MOSYS, INC. | ||||||||
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | ||||||||
(In thousands, except per share amounts; unaudited) | ||||||||
Three Months Ended | ||||||||
March 31, | ||||||||
2010 |
2009 (1) |
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Net Revenue | ||||||||
Licensing | $ | 1,547 | $ | 524 | ||||
Royalty | 2,003 | 2,042 | ||||||
Total net revenue | 3,550 | 2,566 | ||||||
Cost of Net Revenue | ||||||||
Licensing | 782 | 323 | ||||||
Total cost of net revenue | 782 | 323 | ||||||
Gross Profit | 2,768 | 2,243 | ||||||
Operating Expenses | ||||||||
Research and development | 5,485 | 3,888 | ||||||
Selling, general and administrative | 2,584 | 2,485 | ||||||
Acquisition-related costs | 502 | - | ||||||
Restructuring charges | - | 275 | ||||||
Total operating expenses | 8,571 | 6,648 | ||||||
Loss from operations | (5,803 | ) | (4,405 | ) | ||||
Other income, net | 109 | 203 | ||||||
Loss before income taxes | (5,694 | ) | (4,202 | ) | ||||
Provision for income taxes | (32 | ) | (7 | ) | ||||
Net loss | $ | (5,726 | ) | $ | (4,209 | ) | ||
Net loss per share | ||||||||
Basic and diluted | ($0.18 | ) | ($0.13 | ) | ||||
Shares used in computing net loss per share | ||||||||
Basic and diluted | 31,262 | 31,322 | ||||||
(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. |