Rambus Inc. Condensed Consolidated Statements of Operations (In thousands, except per share amounts) (Unaudited) | |||||||
| |||||||
| Three Months Ended March 31, | ||||||
| 2021 |
| 2020 | ||||
Revenue: |
|
|
| ||||
Royalties | $ | 28,859 |
|
| $ | 21,482 |
|
Product revenue | 30,781 |
|
| 30,728 |
| ||
Contract and other revenue | 10,742 |
|
| 13,567 |
| ||
Total revenue | 70,382 |
|
| 65,777 |
| ||
Cost of revenue: |
|
|
| ||||
Cost of product revenue | 11,410 |
|
| 10,343 |
| ||
Cost of contract and other revenue | 1,556 |
|
| 1,198 |
| ||
Amortization of acquired intangible assets | 4,386 |
|
| 4,344 |
| ||
Total cost of revenue | 17,352 |
|
| 15,885 |
| ||
Gross profit | 53,030 |
|
| 49,892 |
| ||
Operating expenses: |
|
|
| ||||
Research and development | 32,354 |
|
| 36,664 |
| ||
Sales, general and administrative | 23,562 |
|
| 23,306 |
| ||
Amortization of acquired intangible assets | 229 |
|
| 348 |
| ||
Restructuring charges | 368 |
|
| 836 |
| ||
Change in fair value of earn-out liability | — |
|
| (1,800) |
| ||
Total operating expenses | 56,513 |
|
| 59,354 |
| ||
Operating loss | (3,483) |
|
| (9,462) |
| ||
Interest income and other income (expense), net | 2,981 |
|
| 6,443 |
| ||
Interest expense | (2,614) |
|
| (2,555) |
| ||
Interest and other income (expense), net | 367 |
|
| 3,888 |
| ||
Loss before income taxes | (3,116) |
|
| (5,574) |
| ||
Provision for (benefit from) income taxes | (503) |
|
| 965 |
| ||
Net loss | $ | (2,613) |
|
| $ | (6,539) |
|
Net loss per share: |
|
|
| ||||
Basic | $ | (0.02) |
|
| $ | (0.06) |
|
Diluted | $ | (0.02) |
|
| $ | (0.06) |
|
Weighted average shares used in per share calculation |
|
|
| ||||
Basic | 112,211 |
|
| 112,907 |
| ||
Diluted | 112,211 |
|
| 112,907 |
|