other risks identified in the Company’s most recent reports on Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, as well as other reports that MoSys files from time to time with the Securities and Exchange Commission. MoSys undertakes no obligation to update publicly any forward-looking statement for any reason, except as required by law, even as new information becomes available or other events occur in the future.

About MoSys, Inc.

MoSys, Inc. (NASDAQ: MOSY) is a leading provider of serial chip-to-chip communications solutions that deliver unparalleled bandwidth performance for next generation networking systems. MoSys’ Bandwidth Engine^® family of ICs combines the company’s patented 1T-SRAM^® high-density memory with its high-speed interface technology. A key element of Bandwidth Engine technology is the GigaChip™ Interface, an open, short-reach, low-power serial interface developed by MoSys to enable highly efficient, high-bandwidth, low-latency performance not achievable using currently available serial protocols. MoSys' IP portfolio includes silicon proven SerDes and DDR3 PHYs that support a wide range of data rates across a variety of standards and 1T-SRAM memory cores that provide a combination of high-density, low power consumption, high-speed and low cost advantages for high-performance networking, computing, storage and consumer/graphics applications. MoSys is headquartered in Santa Clara, California. More information is available on MoSys' website at http://www.mosys.com.

MoSys, 1T-SRAM and 1T-Flash are registered trademarks of MoSys, Inc. The MoSys logo, Bandwidth Engine and GigaChip are trademarks of MoSys, Inc. All other marks mentioned herein are the intellectual property of their respective owners.

MOSYS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts; unaudited)
		Three Months Ended									Twelve Months Ended
		December 31,									December 31,
			2010				2009					2010				2009
Net Revenue
Licensing		$	1,408			$	1,314				$	6,468			$	3,476
Royalty			2,560				2,229					9,095				7,982
Total net revenue			3,968				3,543					15,563				11,458
Cost of Net Revenue
Licensing			768				720					2,826				1,993
Total cost of net revenue			768				720					2,826				1,993
Gross Profit			3,200				2,823					12,737				9,465
Operating Expenses
Research and development			6,078				5,148					24,692				18,145
Selling, general and administrative			2,850				2,521					10,051				9,207
Acquisition-related costs			-				488					1,182				1,410
Restructuring charges			-				-					-				706
Total operating expenses			8,928				8,157					35,925				29,468
Loss from operations			(5,728	)			(5,334	)				(23,188	)			(20,003	)
Other income (expense), net			(23	)			251					177				744
Loss before income taxes			(5,751	)			(5,083	)				(23,011	)			(19,259	)
Benefit (provision) for income taxes			40				191					(51	)			155
Net loss		$	(5,711	)		$	(4,892	)			$	(23,062	)		$	(19,104	)
Net loss per share
Basic and diluted			($0.17	)			($0.16	)				($0.72	)			($0.61	)
Shares used in computing net loss per share
Basic and diluted			33,130				31,219					31,870				31,238

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