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) | |||||||||||||||
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| Three Months Ended |
| Six Months Ended |
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| June 30, |
| June 30, |
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| 2021 |
| 2020 |
| 2021 |
| 2020 |
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Revenue: |
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| Product |
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| $ 33,812 |
| $ 13,672 |
| $ 59,416 |
| $ 18,888 |
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| Licensing |
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| 869 |
| 241 |
| 5,118 |
| 487 |
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| Total revenue |
| 34,681 |
| 13,913 |
| 64,534 |
| 19,375 |
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Cost of revenue |
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| 6,367 |
| 2,736 |
| 12,994 |
| 4,159 |
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Gross profit |
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| 28,314 |
| 11,177 |
| 51,540 |
| 15,216 |
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Operating expenses |
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| Research and development |
| 8,280 |
| 6,973 |
| 15,862 |
| 13,538 |
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| Sales and marketing |
| 2,890 |
| 1,980 |
| 5,479 |
| 3,925 |
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| General and administrative |
| 6,082 |
| 1,025 |
| 9,464 |
| 1,998 |
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| Total operating expenses |
| 17,252 |
| 9,978 |
| 30,805 |
| 19,461 |
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| Income (loss) from operations |
| 11,062 |
| 1,199 |
| 20,735 |
| (4,245) |
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| Total other income (expense), net |
| 1,061 |
| (1,476) |
| 250 |
| (1,356) |
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| Income (loss) before income tax expenses |
| 12,123 |
| (277) |
| 20,985 |
| (5,601) |
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| Provision for income tax |
| (53) |
| 21 |
| 46 |
| 44 |
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Net income (loss)* |
| $ 12,176 |
| $ (298) |
| $ 20,939 |
| $ (5,645) |
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Net income (loss) per share |
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| Basic |
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| $ 0.66 |
| $ (0.05) |
| $ 2.23 |
| $ (0.91) |
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| Diluted |
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| $ 0.26 |
| $ (0.05) |
| $ 0.53 |
| $ (0.91) |
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Weighted - average shares used in computing net income per share: |
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| Basic |
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| 18,495 |
| 6,226 |
| 9,370 |
| 6,226 |
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| Diluted** |
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| 47,278 |
| 6,226 |
| 39,511 |
| 6,226 |
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* Net income does not exclude undistributed earnings attributable to participating securities . | |||||||||||||||
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** Diluted shares include options and warrants on an as -if-converted basis and exclude redeemable preferred stocks. |