MOSYS, INC.
Reconciliation of GAAP to Non-GAAP Net Loss and Net Loss Per Share
(In thousands, except per share amounts)
(unaudited)
Three Months Ended Nine Months Ended
September 30, September 30,
2006 2005 2006 2005
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GAAP net income (loss) $ (2,867) $ 50 $(5,905) $(1,898)
Non-GAAP adjustments:
Stock compensation expense
- Cost of revenue 23 - 127 -
- Research and development 279 - 741 -
Selling, general and
- administrative 401 10 1,062 29
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Total stock compensation
expense 703 10 1,930 29
Non-GAAP net income (loss) $ (2,164) $ 60 $(3,975) $(1,869)
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GAAP net income (loss) per
share: Basic and Diluted $ (0.09) $ 0.00 $ (0.19) $ (0.06)
Reconciling item:
Stock compensation
- expense $ 0.02 $ 0.00 $ 0.06 $ 0.00
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Non-GAAP net income (loss) per
share: Basic and Diluted $ (0.07) $ 0.00 $ (0.13) $ (0.06)
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Shares used in computing non-
GAAP net income (loss) per
share
Basic 31,386 30,531 31,233 30,479
Diluted 31,386 31,504 31,233 30,479
MOSYS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
September 30, December 31,
2006 2005 (a)
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(unaudited)
Assets:
Current assets:
Cash, cash equivalents and short-
term investments $ 83,601 $ 68,650
Accounts receivable - net 487 638
Unbilled contract receivable 52 368
Prepaid expenses and other assets 2,287 2,632
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Total current assets 86,427 72,288
Long-term investments 3,492 17,339
Property and equipment - net 843 1,121
Goodwill 12,326 12,326
Other assets 593 563
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Total assets $ 103,681 $ 103,637
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Liabilities and Stockholders' Equity:
Current liabilities:
Accounts payable $ 665 $ 236
Accrued expenses and other
liabilities 2,020 2,564
Accrued litigation settlement 2,400 -
Deferred revenue 302 1,309
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Total current liabilities 5,387 4,109
Long-term portion of restructuring
liability 94 196
Stockholders' equity:
Common stock, additional paid-in
capital and others 104,939 100,166
Accumulated deficit (6,739) (834)
------------ -----------
Total stockholders' equity 98,200 99,332
Total liabilities and
stockholders' equity $ 103,681 $ 103,637
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(a)Derived from Audited Financial
Statements
