MoSys, 1T-SRAM and Bandwidth Engine are registered trademarks of MoSys, Inc. in the US and/or other countries. Breaking Bandwidth Barriers, GigaChip and the MoSys logo are trademarks of MoSys, Inc. All other marks mentioned herein are the property of their respective owners.
(Financial Tables to Follow)
MOSYS, INC. | |||||||||||||||||
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | |||||||||||||||||
(In thousands, except per share amounts; unaudited) | |||||||||||||||||
Three Months Ended | Twelve Months Ended | ||||||||||||||||
December 31, | December 31, | ||||||||||||||||
2012 | 2011 | 2012 | 2011 | ||||||||||||||
Net Revenue | |||||||||||||||||
Licensing and other | $ | 227 | $ | 2,668 | $ | 1,340 | $ | 5,987 | |||||||||
Royalty | 1,368 | 2,501 | 4,742 | 8,120 | |||||||||||||
Total net revenue | 1,595 | 5,169 | 6,082 | 14,107 | |||||||||||||
Cost of Net Revenue | |||||||||||||||||
Licensing and other | 45 | 1,780 | 334 | 3,295 | |||||||||||||
Total cost of net revenue | 45 | 1,780 | 334 | 3,295 | |||||||||||||
Gross Profit | 1,550 | 3,389 | 5,748 | 10,812 | |||||||||||||
Operating Expenses | |||||||||||||||||
Research and development | 7,260 | 6,847 | 28,480 | 26,216 | |||||||||||||
Selling, general and administrative | 2,126 | 2,286 | 8,218 | 8,869 | |||||||||||||
Gain on sale of assets | - | (35,611 | ) | (3,291 | ) | (35,611 | ) | ||||||||||
Total operating expenses | 9,386 | (26,478 | ) | 33,407 | (526 | ) | |||||||||||
Income (loss) from operations | (7,836 | ) | 29,867 | (27,659 | ) | 11,338 | |||||||||||
Other income, net | 34 | 162 | 155 | 206 | |||||||||||||
Income (loss) before income taxes | (7,802 | ) | 30,029 | (27,504 | ) | 11,544 | |||||||||||
Income tax provision (benefit) | (29 | ) | 229 | 110 | 288 | ||||||||||||
Net income (loss) | $ | (7,773 | ) | $ | 29,800 | $ | (27,614 | ) | $ | 11,256 | |||||||
Net income (loss) per share | |||||||||||||||||
Basic | ($0.19 | ) | $ | 0.78 | ($0.70 | ) | $ | 0.30 | |||||||||
Diluted | ($0.19 | ) | $ | 0.75 | ($0.70 | ) | $ | 0.28 | |||||||||
Shares used in computing net income (loss) per share | |||||||||||||||||
Basic | 39,958 | 38,353 | 39,176 | 37,861 | |||||||||||||
Diluted | 39,958 | 39,765 | 39,176 | 40,377 |