About MoSys, Inc.
MoSys, Inc. (NASDAQ: MOSY) is a leading provider of serial chip-to-chip communications solutions that deliver unparalleled bandwidth performance for next generation networking systems. MoSys’ Bandwidth Engine® family of ICs combines the company’s patented 1T-SRAM® high-density memory with its high-speed interface technology. A key element of Bandwidth Engine technology is the GigaChip™ Interface, an open, short-reach, low-power serial interface developed by MoSys to enable highly efficient, high-bandwidth, low-latency performance not achievable using currently available serial protocols. MoSys' IP portfolio includes silicon proven SerDes and DDR3 PHYs that support a wide range of data rates across a variety of standards and 1T-SRAM memory cores that provide 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 is headquartered in Santa Clara, California. More information is available on MoSys' website at http://www.mosys.com.
MoSys, 1T-SRAM and 1T-Flash are registered trademarks of MoSys, Inc. The MoSys logo, Bandwidth Engine and GigaChip are trademarks of MoSys, Inc. All other marks 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 | Twelve Months Ended | ||||||||||||||||
| December 31, | December 31, | ||||||||||||||||
| 2010 | 2009 | 2010 | 2009 | ||||||||||||||
| Net Revenue | |||||||||||||||||
| Licensing | $ | 1,408 | $ | 1,314 | $ | 6,468 | $ | 3,476 | |||||||||
| Royalty | 2,560 | 2,229 | 9,095 | 7,982 | |||||||||||||
| Total net revenue | 3,968 | 3,543 | 15,563 | 11,458 | |||||||||||||
| Cost of Net Revenue | |||||||||||||||||
| Licensing | 768 | 720 | 2,826 | 1,993 | |||||||||||||
| Total cost of net revenue | 768 | 720 | 2,826 | 1,993 | |||||||||||||
| Gross Profit | 3,200 | 2,823 | 12,737 | 9,465 | |||||||||||||
| Operating Expenses | |||||||||||||||||
| Research and development | 6,078 | 5,148 | 24,692 | 18,145 | |||||||||||||
| Selling, general and administrative | 2,850 | 2,521 | 10,051 | 9,207 | |||||||||||||
| Acquisition-related costs | - | 488 | 1,182 | 1,410 | |||||||||||||
| Restructuring charges | - | - | - | 706 | |||||||||||||
| Total operating expenses | 8,928 | 8,157 | 35,925 | 29,468 | |||||||||||||
| Loss from operations | (5,728 | ) | (5,334 | ) | (23,188 | ) | (20,003 | ) | |||||||||
| Other income (expense), net | (23 | ) | 251 | 177 | 744 | ||||||||||||
| Loss before income taxes | (5,751 | ) | (5,083 | ) | (23,011 | ) | (19,259 | ) | |||||||||
| Benefit (provision) for income taxes | 40 | 191 | (51 | ) | 155 | ||||||||||||
| Net loss | $ | (5,711 | ) | $ | (4,892 | ) | $ | (23,062 | ) | $ | (19,104 | ) | |||||
| Net loss per share | |||||||||||||||||
| Basic and diluted | ($0.17 | ) | ($0.16 | ) | ($0.72 | ) | ($0.61 | ) | |||||||||
| Shares used in computing net loss per share | |||||||||||||||||
| Basic and diluted | 33,130 | 31,219 | 31,870 | 31,238 | |||||||||||||
