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Virage Logic Corporation Condensed Consolidated Statements of Operations (In thousands, except per-share amounts) (Unaudited) |
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For the Three Months Ended
March 31, |
For the Six Months Ended
March 31, |
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| 2010 | 2009 | 2010 | 2009 | |||||||||||||
| Revenue: | ||||||||||||||||
| License and maintenance | $ |
19,257 |
$ | 9,126 | $ |
36,180 |
$ | 17,627 | ||||||||
| Royalties |
5,988 |
1,899 |
10,723 |
4,747 | ||||||||||||
| Total revenues | 25,245 | 11,025 | 46,903 | 22,374 | ||||||||||||
| Cost and expenses: | ||||||||||||||||
| Cost of revenues | 3,953 | 2,401 | 8,472 | 4,970 | ||||||||||||
| Research and development | 14,649 | 6,700 | 25,891 | 15,719 | ||||||||||||
| Sales and marketing | 4,040 | 2,754 | 8,721 | 5,421 | ||||||||||||
| General and administrative | 4,354 | 2,645 | 8,926 | 4,766 | ||||||||||||
| Goodwill impairment |
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- |
11,839 |
- |
11,839 | |||||||||||
| Restructuring charges |
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- |
1,473 |
- |
1,473 | |||||||||||
| Total cost and expenses | 26,996 | 27,812 | 52,010 | 44,188 | ||||||||||||
| Operating loss | (1,751 | ) | (16,787 | ) | (5,107 | ) | (21,814 | ) | ||||||||
| Interest income and other, net | 594 | 114 | 845 | 762 | ||||||||||||
| Loss before taxes | (1,157 | ) | (16,673 | ) | (4,262 | ) | (21,052 | ) | ||||||||
| Income tax (benefit) provision | (59 | ) | 9,674 | (954 | ) | 7,906 | ||||||||||
| Net loss | (1,098 | ) | (26,347 | ) | (3,308 | ) | (28,958 | ) | ||||||||
| Net loss attributable to the non-controlling interests |
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- |
- |
(29 | ) |
- |
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| Net loss attributable to Virage stockholders | $ | (1,098 | ) | $ | (26,347 | ) | $ | (3,279 | ) | $ | (28,958 | ) | ||||
| Net loss per share: | ||||||||||||||||
| Basic | $ | (0.04 | ) | $ | (1.15 | ) | $ | (0.13 | ) | $ | (1.26 | ) | ||||
| Diluted | $ | (0.04 | ) | $ | (1.15 | ) | $ | (0.13 | ) | $ | (1.26 | ) | ||||
| Shares used in computing per share amounts: | ||||||||||||||||
| Basic | 25,731 | 22,887 | 25,061 | 22,915 | ||||||||||||
| Diluted | 25,731 | 22,887 | 25,061 | 22,915 | ||||||||||||
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Virage Logic Reports Second Quarter Fiscal Year 2010 Results
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