MoSys, Inc. Reports Fourth Quarter and 2011 Financial Results

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 provider of high-performance networking memory solutions and high-speed, multi-protocol serial interface intellectual property (SerDes IP). MoSys' leading edge Bandwidth Engine® ICs combine the company's patented 1T-SRAM® high-density memory with its SerDes IP and are initially targeted at providing breakthroughs in bandwidth and access performance in next generation networking systems. MoSys' SerDes IP and DDR3 PHYs support a wide range of data rates across a variety of standards, while its 1T-SRAM memory cores provide a combination of high-density, low-power consumption, high-speed and low cost advantages for high-performance applications. MoSys is headquartered in Santa Clara, California. More information is available on MoSys' website at www.mosys.com.

MoSys, 1T-SRAM and Bandwidth Engine are registered trademarks of MoSys, Inc. in the US and/or other countries. The MoSys logo is a trademark of MoSys, Inc. All other marks mentioned herein are the 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,
2011     2010 2011     2010
 
Net Revenue
Licensing $ 2,668 $ 1,408 $ 5,987 $ 6,468
Royalty   2,501         2,560     8,120         9,095  
Total net revenue 5,169 3,968 14,107 15,563
 
Cost of Net Revenue
Licensing   1,780         768     3,295         2,826  
Total cost of net revenue 1,780 768 3,295 2,826
 
Gross Profit 3,389 3,200 10,812 12,737
 
Operating Expenses
Research and development 6,847 6,078 26,216 24,692
Selling, general and administrative 2,286 2,850 8,869 10,051
Gain on sale of patents (35,611 ) - (35,611 ) -
Acquisition-related costs   -         -     -         1,182  
Total operating expenses (26,478 ) 8,928 (526 ) 35,925
 
Income (loss) from operations 29,867 (5,728 ) 11,338 (23,188 )
 
Other income (expense), net   162         (23 )   206         177  
Income (loss) before income taxes 30,029 (5,751 ) 11,544 (23,011 )
 
Income tax provision (benefit)   229         (40 )   288         51  
 
Net income (loss) $ 29,800       $ (5,711 ) $ 11,256       $ (23,062 )
 
Net income (loss) per share
Basic $ 0.78 ($0.17 ) $ 0.30 ($0.72 )
Diluted $ 0.75 ($0.17 ) $ 0.28 ($0.72 )
 
Shares used in computing net income (loss) per share
Basic 38,353 33,130 37,861 31,870
Diluted 39,765 33,130 40,377 31,870
 

« Previous Page 1 | 2 | 3 | 4 | 5 | 6  Next Page »



Review Article Be the first to review this article
Aldec Webinar Nov 30

Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
Computer History Museum: the Future of War is Here
More Editorial  
Jobs
Senior PIC Test Development Engineer for Infinera Corp at Sunnyvale, CA
ASIC Design Engineer for Infinera Corp at Sunnyvale, CA
Senior SW Developer for EDA Careers at San Jose, CA
Principal PIC Hardware Controls Engineer for Infinera Corp at Sunnyvale, CA
REVISED***Director Product Line RF/IC for EDA Careers at San Jose, CA
Upcoming Events
“Empowering Leadership with WIT and WISDOM” at SEMI 673 South Milpitas Blvd. Milpitas CA - Nov 28, 2017
Artificial Intelligence and Convolution Neural Networks Discussion at San Jose State University Student Union Theater San Jose CA - Dec 4, 2017
Silicon Valley's Only Comprehensive Embedded Systems Conference at San Jose Convention Center 150 W. San Carlos St. San Jose CA - Dec 5 - 7, 2017
Oski Technology’s Decoding Formal Club Meeting at The Conference Center San Jose CA - Dec 7, 2017
TrueCircuits: UltraPLL



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise