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Virage Logic Corporation |
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Condensed Consolidated Statements of Operations |
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(In thousands, except per-share amounts) |
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(Unaudited) |
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For the Three Months
June 30, |
For the Nine Months
June 30, |
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| 2009 | 2008 | 2009 | 2008 | |||||||||||||
| Revenue: | ||||||||||||||||
| License | $ | 10,737 | $ | 12,248 | $ | 28,364 | $ | 35,122 | ||||||||
| Royalties | 1,184 | 2,820 | 5,931 | 8,695 | ||||||||||||
| Total revenues | 11,921 | 15,068 | 34,295 | 43,817 | ||||||||||||
| Cost and expenses: | ||||||||||||||||
| Cost of revenues | 2,529 | 2,614 | 7,499 | 8,182 | ||||||||||||
| Research and development | 6,527 | 8,015 | 22,246 | 20,048 | ||||||||||||
| Sales and marketing | 2,574 | 3,658 | 7,995 | 11,115 | ||||||||||||
| General and administrative | 2,090 | 2,160 | 6,856 | 6,046 | ||||||||||||
| Goodwill impairment | -- | -- | 11,839 | -- | ||||||||||||
| Restructuring charges | 22 | 319 | 1,495 | 316 | ||||||||||||
| Total cost and expenses | 13,742 | 16,766 | 57,930 | 45,707 | ||||||||||||
| Operating loss | (1,821 | ) | (1,698 | ) | (23,635 | ) | (1,890 | ) | ||||||||
| Interest and other income (expense), net | (72 | ) | 706 | 690 | 2,640 | |||||||||||
| Income (loss) before taxes | (1,893 | ) | (992 | ) | (22,945 | ) | 750 | |||||||||
| Income tax provision | 29 | 131 | 7,935 | 149 | ||||||||||||
| Net income (loss) | $ | (1,922 | ) | $ | (1,123 | ) | $ | (30,880 | ) | $ | 601 | |||||
| Earnings (loss) per share: | ||||||||||||||||
| Basic | $ | (0.08 | ) | $ | (0.05 | ) | $ | (1.35 | ) | $ | 0.03 | |||||
| Diluted | $ | (0.08 | ) | $ | (0.05 | ) | $ | (1.35 | ) | $ | 0.03 | |||||
| Shares used in computing per share amounts: | ||||||||||||||||
| Basic | 22,978 | 23,542 | 22,905 | 23,491 | ||||||||||||
| Diluted | 22,978 | 23,542 | 22,905 | 23,740 | ||||||||||||
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Virage Logic Reports Third Quarter Fiscal 2009 Results
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