Applied Micro Circuits Corporation Reports First Quarter Fiscal 2017 Financial Results

 

          
APPLIED MICRO CIRCUITS CORPORATION
SCHEDULE OF SELECTED GAAP TO NON-GAAP ADJUSTMENTS
(in thousands)
(unaudited)
          
          
      Three Months Ended
      June 30,  March 31,  June 30,
       2016    2016    2015 
GROSS PROFIT:      
GAAP gross profit $25,469  $24,174   21,007 
Stock-based compensation expense  158   172   93 
Non-GAAP gross profit $25,627  $24,346  $21,100 
          
OPERATING EXPENSES:      
GAAP operating expenses $36,184  $33,194  $30,477 
Stock-based compensation expense  (8,007)  (7,465)  (5,999)
Restructuring  -   57   (96)
Non-GAAP operating expenses $28,177  $25,786  $24,382 
          
INTEREST AND OTHER INCOME, NET      
GAAP interest and other income, net $247  $229  $1,644 
Reversals of impairment charges upon sales of marketable securities     -       -       (1,427 )
Non-GAAP interest and other income, net   $ 247     $ 229     $ 217  
                   
INCOME TAX EXPENSE:            
GAAP income tax expense   $ 71     $ 116     $ (422 )
Income tax adjustment     129       84       622  
Non-GAAP income tax expense   $ 200     $ 200     $ 200  
                   
RESEARCH AND DEVELOPMENT:            
GAAP research and development   $ 27,485     $ 25,113     $ 21,617  
Stock-based compensation expense     (5,993 )     (5,503 )     (4,060 )
Non-GAAP research and development   $ 21,492     $ 19,610     $ 17,557  
                   
SELLING, GENERAL AND ADMINISTRATIVE:            
GAAP selling, general and administrative   $ 8,699     $ 8,138     $ 8,764  
Stock-based compensation expense     (2,014 )     (1,962 )     (1,939 )
Non-GAAP selling, general and administrative   $ 6,685     $ 6,176     $ 6,825  
                   

« Previous Page 1 | 2 | 3 | 4 | 5 | 6  Next Page »
Featured Video
Jobs
Sr. Silicon Design Engineer for AMD at Santa Clara, California
GPU Design Verification Engineer for AMD at Santa Clara, California
Design Verification Engineer for Blockwork IT at Milpitas, California
CAD Engineer for Nvidia at Santa Clara, California
Senior Platform Software Engineer, AI Server - GPU for Nvidia at Santa Clara, California
Senior Firmware Architect - Server Manageability for Nvidia at Santa Clara, California
Upcoming Events
SEMICON Europa 2024 at Messe München München Germany - Nov 12 - 15, 2024
DVCon Europe 2023 at Holiday Inn Munich – City Centre Munich Germany - Nov 14 - 15, 2024
SEMI MEMS & Imaging Sensors Summit, at International Conference Center Munich Germany - Nov 14, 2024
SEMI | MSIG MEMS & Imaging Sensors Summit at Munich Germany - Nov 14 - 15, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise