EZchip Semiconductor Ltd.
Condensed Consolidated Statements of Operations
(U.S. Dollars in thousands, except per share amounts)
(Unaudited)
Three Months Ended Nine Months Ended
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September September September September
30, June 30, 30, 30, 30,
2012 2012 2011 2012 2011
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Revenues $ 9,287 $ 15,798 $ 18,703 $ 39,500 $ 49,188
Cost of revenues 1,497 2,887 4,509 6,563 11,023
Amortization
of purchased
technology - - - - 597
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Gross profit 7,790 12,911 14,194 32,937 37,568
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Operating expenses:
Research and
development, net 5,182 4,840 4,052 14,556 12,343
Selling, general
and administrative 3,047 3,200 2,956 9,414 8,962
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Total operating
expenses 8,229 8,040 7,008 23,970 21,305
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Operating
income (loss) (439) 4,871 7,186 8,967 16,263
Financial income, net 566 682 467 1,845 1,162
----------- ----------- ----------- ----------- -----------
Income before taxes 127 5,553 7,653 10,812 17,425
Taxes on income - - 3 - 3,530
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Net income $ 127 $ 5,553 $ 7,650 $ 10,812 $ 13,895
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Net income per
share:
Basic $ 0.00 $ 0.20 $ 0.28 $ 0.39 $ 0.52
Diluted $ 0.00 $ 0.19 $ 0.27 $ 0.38 $ 0.50
Weighted average
shares used in per
share calculation:
Basic 28,119,713 28,042,283 26,900,439 27,896,611 26,569,283
Diluted 28,748,784 28,823,804 28,046,688 28,762,602 27,912,322
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