MOSYS, INC.
Reconciliation of GAAP to Non-GAAP Net Income (Loss) and Net Income
(Loss) Per Share
(In thousands, except per share amounts; unaudited)
Three Months Twelve Months
Ended Ended
December 31, December 31,
2007 2006 2007 2006
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GAAP net income (loss) $(4,583) $ 567 $(8,521) $(5,338)
Stock-based compensation expense
-Cost of revenue 178 98 495 225
-Research and development 363 252 1,162 993
Selling, general and
- administrative 651 466 2,109 1,528
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Total stock-based compensation
expense 1,192 816 3,766 2,746
In-process research and
development - - 966 -
Amortization of acquired
intangible assets 197 - 394 -
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Non-GAAP net income (loss) $(3,194) $ 1,383 $(3,395) $(2,592)
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GAAP net income (loss) per share ($0.14) $ 0.02 ($0.27) ($0.17)
Reconciling items:
Stock-based compensation
- expense 0.04 0.02 0.11 0.09
In-process research and
- development - - 0.03 -
Amortization of acquired
- intangible assets - - 0.02 -
-------- ------- -------- --------
Non-GAAP net income (loss) per
share: Basic and Diluted ($0.10) $ 0.04 ($0.11) ($0.08)
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Shares used in computing non-GAAP
net income (loss) per share
Basic 32,117 31,492 31,994 31,298
Diluted 32,117 32,862 31,994 31,298
MOSYS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, unaudited)
December 31, December 31,
2007 2006
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Assets
Current assets:
Cash, cash equivalents and short-term
investments $ 64,961 $ 81,807
Accounts receivable, net 895 2,491
Unbilled contract receivables 518 360
Prepaid expenses and other assets 2,393 2,831
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Total current assets 68,767 87,489
Long-term investments 13,693 2,492
Property and equipment, net 1,396 855
Goodwill 12,326 12,326
Intangible assets, net 2,166 -
Other assets 449 598
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Total assets $ 98,797 $ 103,760
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Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $ 146 $ 307
Accrued expenses and other liabilities 2,158 1,865
Deferred revenue 201 619
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Total current liabilities 2,505 2,791
Long-term portion of restructuring
liability - 54
Stockholders' equity 96,292 100,915
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Total liabilities and stockholders'
equity $ 98,797 $ 103,760
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