SIMTEK CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (Amounts in thousands, except share and per share amounts) Three Months Ended Year Ended December 31, December 31, 2007 2006 2007 2006 ---------- ---------- ---------- ---------- REVENUE: Product sales, net $ 8,362 $ 9,124 $ 33,007 $ 28,560 Royalty revenue - 552 - 2,070 --------------------------------------------------- Total revenue 8,362 9,676 33,007 30,630 Cost of sales 4,539 5,008 17,268 18,024 --------------------------------------------------- GROSS MARGIN 3,823 4,668 15,739 12,606 OPERATING EXPENSES: Research and development costs 2,655 1,277 8,758 5,855 Sales and marketing 1,417 1,446 5,026 4,679 General and administrative 1,137 1,266 4,689 3,861 --------------------------------------------------- Total operating expenses 5,209 3,989 18,473 14,395 --------------------------------------------------- INCOME (LOSS) FROM OPERATIONS (1,386) 679 (2,734) (1,789) INCOME (LOSS) FROM OPERATIONS OTHER INCOME (EXPENSE): Interest income 45 50 193 162 Interest expense (85) (123) (381) (370) Exchange rate variance 97 1 130 (3) Other income 159 24 165 26 --------------------------------------------------- Total other income (expense) 216 (48) 107 (185) --------------------------------------------------- INCOME (LOSS) FROM OPERATIONS BEFORE PROVISION FOR INCOME TAXES (1,170) 631 (2,627) (1,974) Provision for income taxes (103) (33) (141) (33) --------------------------------------------------- NET INCOME (LOSS) $ (1,273) $ 598 $ (2,768) $ (2,007) =================================================== NET INCOME (LOSS) PER COMMON SHARE: Basic and diluted Income (loss) from operations $ (.08) $ .04 $ (.17) $ (.13) =================================================== WEIGHTED AVERAGE COMMON SHARES OUTSTANDING: Basic and diluted 16,515,245 16,123,904 16,405,580 15,125,847 ===================================================
Contact:
Simtek Corporation
Brian Alleman, CFO
Email Contact
or
MKR
Group, Inc.
Todd Kehrli or Mary Magnani
323-468-2300
Email Contact