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Virage Logic Corporation
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For the Three Months Ended
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For the Six Months Ended
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| 2009 | 2008 | 2009 | 2008 | |||||||||||||
| Revenue: | ||||||||||||||||
| License | $ | 9,126 | $ | 12,113 | $ | 17,627 | $ | 22,874 | ||||||||
| Royalties | 1,899 | 2,576 | 4,747 | 5,875 | ||||||||||||
| Total revenues | 11,025 | 14,689 | 22,374 | 28,749 | ||||||||||||
| Cost and expenses: | ||||||||||||||||
| Cost of revenues | 2,401 | 3,121 | 4,970 | 5,568 | ||||||||||||
| Research and development | 6,700 | 6,175 | 15,719 | 12,033 | ||||||||||||
| Sales and marketing | 2,754 | 3,864 | 5,421 | 7,457 | ||||||||||||
| General and administrative | 2,645 | 2,111 | 4,766 | 3,886 | ||||||||||||
| Goodwill impairment | 11,839 |
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11,839 |
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| Restructuring charges | 1,473 |
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1,473 | (3 | ) | |||||||||||
| Total cost and expenses | 27,812 | 15,271 | 44,188 | 28,941 | ||||||||||||
| Operating loss | (16,787 | ) | (582 | ) | (21,814 | ) | (192 | ) | ||||||||
| Interest income and other, net | 114 | 767 | 762 | 1,934 | ||||||||||||
| Income (loss) before taxes | (16,673 | ) | 185 | (21,052 | ) | 1,742 | ||||||||||
| Income tax (benefit) provision | 9,674 | (447 | ) | 7,906 | 18 | |||||||||||
| Net income (loss) | $ | (26,347 | ) | $ | 632 | $ | (28,958 | ) | $ | 1,724 | ||||||
| Earnings (loss) per share: | ||||||||||||||||
| Basic | $ | (1.15 | ) | $ | 0.03 | $ | (1.26 | ) | $ | 0.07 | ||||||
| Diluted | $ | (1.15 | ) | $ | 0.03 | $ | (1.26 | ) | $ | 0.07 | ||||||
| Shares used in computing per share amounts: | ||||||||||||||||
| Basic | 22,877 | 23,494 | 22,915 | 23,466 | ||||||||||||
| Diluted | 22,877 | 23,723 | 22,915 | 23,730 | ||||||||||||
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Virage Logic Reports Second Quarter Fiscal 2009 Results
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