| 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, | ||||||||
| 2010 |
2009 (1) |
|
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| GAAP net loss | $ | (5,726 | ) | $ | (4,209 | ) | ||
| Stock-based compensation expense | ||||||||
| -Cost of net revenue | 82 | 35 | ||||||
| -Research and development | 319 | 233 | ||||||
| -Selling, general and administrative | 304 | 309 | ||||||
| Total stock-based compensation expense | 705 | 577 | ||||||
| Restructuring charges (2) | - | 275 | ||||||
| Amortization of intangible assets (3) | 643 | - | ||||||
| Acquisition-related contingent compensation charges (4) | 502 | - | ||||||
| Acquisition-related transaction costs (5) | 195 | - | ||||||
| Non-GAAP net loss | $ | (3,681 | ) | $ | (3,357 | ) | ||
| GAAP net loss per share | ($0.18 | ) | ($0.13 | ) | ||||
| Reconciling items | ||||||||
| -Stock-based compensation expense | 0.02 | 0.01 | ||||||
| -Restructuring charges (2) | - | 0.01 | ||||||
| -Amortization of intangible assets (3) | 0.02 | - | ||||||
| -Acquisition-related contingent compensation charges (4) | 0.01 | - | ||||||
| -Acquisition-related transaction costs (5) | 0.01 | - | ||||||
| Non-GAAP net loss per share: Basic and diluted | ($0.12 | ) | ($0.11 | ) | ||||
| Shares used in computing non-GAAP net loss per share | ||||||||
| Basic and diluted | 31,262 | 31,322 | ||||||
|
(1) Amounts of stock-based compensation expense have been revised from those reported or announced previously to reflect immaterial increases in stock-based compensation resulting from calculation errors in the third-party stock administration software used by the Company. |
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| (2) Charges related to the exit of the analog/mixed-signal product lines. | ||||||||
| (3) Non-cash charges for amortization of intangibles arising from acquired assets. | ||||||||
|
(4) Contingent earn-out compensation charges arising from acquisitions. Amounts included in research and development and selling, general and administrative expenses are $488,000 and $14,000, respectively. |
||||||||
| (5) Charges primarily related to legal and accounting fees incurred for the acquisition of MagnaLynx, Inc. | ||||||||
| These charges are included in selling, general and administrative expenses. | ||||||||
MoSys, Inc. Reports First Quarter 2010 Financial Results
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