About MoSys, Inc.
Founded in 1991, MoSys (NASDAQ: MOSY), develops, licenses and markets innovative memory and analog/mixed-signal technologies for semiconductors. MoSys' patented 1T-SRAM and 1T-FLASH technologies offer a combination of high density, low power consumption, high speed and low cost unmatched by other available memory technologies. 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, making them ideal for embedding large memories in System on Chip (SoC) designs. MoSys' licensees have shipped more than 135 million chips incorporating 1T-SRAM embedded memory technologies, demonstrating excellent manufacturability in a wide range of silicon processes and applications. MoSys' analog/mixed-signal products feature a number of industry firsts, including the first DVD front end IP to support both Blu-ray and HD DVD formats. Using MoSys IP, system vendors can achieve best-in-class price/performance in markets such as home entertainment and graphics applications; mobile consumer devices; and networking and storage equipment. MoSys is headquartered at 755 N. Mathilda Avenue, Sunnyvale, California 94085. More information is available on MoSys' website at www.mosys.com
1T-SRAM(R), 1T-FLASH(TM), and GigaCell(TM) are registered trademarks of MoSys, Inc.
MOSYS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts; unaudited)
Three Months Twelve Months
Ended Ended
December 31, December 31,
2007 2006 2007 2006
-------- -------- --------- --------
Net Revenue
Licensing 388 1,794 5,253 9,096
Royalty 2,511 3,215 9,081 5,813
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Total net revenue 2,899 5,009 14,334 14,909
Cost of Net Revenue
Licensing 825 592 2,737 1,498
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Total cost of net revenue 825 592 2,737 1,498
Gross Profit 2,074 4,417 11,597 13,411
Operating Expenses
Research and development 4,174 2,057 11,594 8,156
Selling, general and
administrative 3,309 2,585 11,659 11,370
In-process research and
development - - 966 -
Amortization of acquired
intangible assets 197 - 394 -
Litigation settlement - - - 2,400
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Total operating expenses 7,680 4,642 24,613 21,926
Loss from operations (5,606) (225) (13,016) (8,515)
Other income/expenses 1,015 865 4,520 3,286
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Income (loss) before income
taxes (4,591) 640 (8,496) (5,229)
Benefit (provision) for income
taxes 8 (73) (25) (109)
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Net income (loss) $(4,583) $ 567 $ (8,521) $(5,338)
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Net income (loss) per share
Basic ($0.14) $ 0.02 ($0.27) ($0.17)
Diluted ($0.14) $ 0.02 ($0.27) ($0.17)
Shares used in computing net
income (loss) per share
Basic 32,117 31,492 31,994 31,298
Diluted 32,117 32,862 31,994 31,298
