| Virage Logic Corporation | |||
| Condensed Consolidated Statements of Operations | |||
| (In thousands, except per-share amounts) | |||
| (Unaudited) | |||
| For the Three Months Ended | |||
| December 31, | |||
| 2008 | 2007 | ||
|
Revenues: |
|||
| License and maintenance | $8,501 | $10,761 | |
| Royalties | 2,848 | 3,299 | |
|
Total revenues |
11,349 | 14,060 | |
| Cost and expenses: | |||
|
Cost of revenues |
2,569 | 2,447 | |
| Research and development | 9,019 | 5,858 | |
| Sales and marketing | 2,667 | 3,593 | |
| General and administrative | 2,121 | 1,775 | |
| Restructuring | - | (3) | |
| Total cost and expenses | 16,376 | 13,670 | |
|
Operating income (loss) |
(5,027) | 390 | |
| Interest income and other expenses, net | 648 | 1,167 | |
|
Income (loss) before income taxes |
(4,379) | 1,557 | |
|
Income tax provision (benefit) |
(1,768) | 465 | |
|
Net income (loss) |
($2,611) | $1,092 | |
|
Net income (loss) per share: |
|||
| Basic | ($0.11) | $0.05 | |
| Diluted | ($0.11) | $0.05 | |
| Shares used in computing per share amounts: | |||
| Basic | 22,936 | 23,419 | |
| Diluted | 22,936 | 23,733 | |
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Virage Logic Reports First Quarter Fiscal 2009 Results
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