ABOUT MOSYS, INC.
Founded in 1991, MoSys (Nasdaq: MOSY), develops, licenses and markets innovative memory technologies for semiconductors. MoSys' patented 1T-SRAM technologies offer a combination of high density, low power consumption, high speed and low cost unmatched by other available memory technologies. The single transistor bit cell used in 1T-SRAM memory results in the technology achieving much higher density than traditional four or six transistor SRAMs while using the same standard logic manufacturing processes. 1T-SRAM technologies also offer the familiar, refresh-free interface and high performance for random address access cycles associated with traditional SRAMs. In addition, these technologies can reduce operating power consumption by a factor of four compared with traditional SRAM technology, contributing to making them ideal for embedding large memories in System on Chip (SoC) designs. MoSys' licensees have shipped more than 100 million chips incorporating 1T-SRAM embedded memory technologies, demonstrating excellent manufacturability in a wide range of silicon processes and applications. MoSys is headquartered at 755 N. Mathilda Avenue, Sunnyvale, California 94085. More information is available on MoSys' website at http://www.mosys.com. (Financial Tables to Follow)
MOSYS, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share amounts) (unaudited) Three Months Ended Nine Months Ended September 30, September 30, 2006 2005 2006 2005 --------- -------- -------- -------- Net Revenue: Product $ - $ - $ - $ 10 Licensing 3,333 3,233 7,302 6,386 Royalty 705 897 2,598 3,484 --------- -------- -------- -------- Total net revenue 4,038 4,130 9,900 9,880 Cost of Net Revenue: Licensing 172 668 906 1,743 --------- -------- -------- -------- Total cost of net revenue 172 668 906 1,743 Gross Profit 3,866 3,462 8,994 8,137 Operating Expenses: Research and development 2,018 1,359 6,099 4,282 Selling, general and administrative 3,350 2,721 8,785 7,403 Restructuring expenses - - - 114 Litigation settlement 2,400 - 2,400 - --------- -------- -------- -------- Total operating expenses 7,768 4,080 17,284 11,799 Loss from operations (3,902) (618) (8,290) (3,662) Other income/expenses 1,043 679 2,421 1,797 Income (loss) before income taxes (2,859) 61 (5,869) (1,865) Provision for income taxes (8) (11) (36) (33) --------- -------- -------- -------- Net income (loss) $ (2,867) $ 50 $(5,905) $(1,898) ======== ======= ======= ======= Net income (loss) per share Basic ($0.09) $ 0.00 ($0.19) ($0.06) Diluted ($0.09) $ 0.00 ($0.19) ($0.06) Shares used in computing net income (loss) per share Basic 31,386 30,531 31,233 30,479 Diluted 31,386 31,504 31,233 30,479