Achronix Announces Record Second Quarter 2021 Financial Results and Business Highlights

Trademarks
Achronix and Speedster are registered trademarks, and Speedcore and Speedchip are trademarks of Achronix Semiconductor Corporation. All other brands, product names and marks are the property of their respective owners.

Contacts
For Achronix:
IR@Achronix.com
Media@Achronix.com 

 

ACHRONIX SEMICONDUCTOR CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Dollar in thousands, except shares and per share amounts)

(Unaudited)



















Three Months Ended


Six Months Ended







June 30, 


June 30, 







2021


2020


2021


2020















Revenue:













Product




$                33,812


$               13,672


$               59,416


$               18,888



Licensing



869


241


5,118


487




Total revenue


34,681


13,913


64,534


19,375















Cost of revenue



6,367


2,736


12,994


4,159















Gross profit



28,314


11,177


51,540


15,216















Operating expenses











Research and development


8,280


6,973


15,862


13,538



Sales and marketing


2,890


1,980


5,479


3,925



General and administrative


6,082


1,025


9,464


1,998




Total operating expenses


17,252


9,978


30,805


19,461
















Income (loss) from operations


11,062


1,199


20,735


(4,245)



Total other income (expense), net


1,061


(1,476)


250


(1,356)
















Income (loss) before income tax expenses


12,123


(277)


20,985


(5,601)



Provision for income tax


(53)


21


46


44















Net income (loss)*


$                12,176


$                  (298)


$               20,939


$               (5,645)















Net income (loss) per share











Basic




$                    0.66


$                 (0.05)


$                   2.23


$                 (0.91)



Diluted




$                    0.26


$                 (0.05)


$                   0.53


$                 (0.91)















Weighted - average shares used in computing net income per share: 










Basic




18,495


6,226


9,370


6,226



Diluted**



47,278


6,226


39,511


6,226















* Net  income does not exclude undistributed earnings attributable  to  participating securities .


** Diluted  shares  include options  and warrants  on an  as -if-converted basis  and  exclude redeemable preferred  stocks.


Featured Video
Jobs
GPU Design Verification Engineer for AMD at Santa Clara, California
Sr. Silicon Design Engineer for AMD at Santa Clara, California
Design Verification Engineer for Blockwork IT at Milpitas, California
Senior Platform Software Engineer, AI Server - GPU for Nvidia at Santa Clara, California
CAD Engineer for Nvidia at Santa Clara, California
Senior Firmware Architect - Server Manageability for Nvidia at Santa Clara, California
Upcoming Events
SEMICON Japan 2024 at Tokyo Big Sight Tokyo Japan - Dec 11 - 13, 2024
PDF Solutions AI Executive Conference at St. Regis Hotel San Francisco - Dec 12, 2024
DVCon U.S. 2025 at United States - Feb 24 - 27, 2025



© 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