MoSys, Inc. Reports First Quarter 2012 Financial Results

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MOSYS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts; unaudited)
 
Three Months Ended
March 31,
2012     2011
 
Net Revenue
Licensing and other $ 221 $ 1,347
Royalty   1,203         2,192  
Total net revenue 1,424 3,539
 
Cost of Net Revenue
Licensing and other   57         690  
Total cost of net revenue 57 690
 
Gross Profit 1,367 2,849
 
Operating Expenses
Research and development 7,506 6,155
Selling, general and administrative 2,926 2,714
Gain on sale of assets   (1,856 )       -  
Total operating expenses 8,576 8,869
 
Loss from operations (7,209 ) (6,020 )
 
Other income, net   24         9  
Loss before income taxes (7,185 ) (6,011 )
 
Income tax provision   30         18  
 
Net loss $ (7,215 )     $ (6,029 )
 
Net loss per share
Basic and diluted ($0.19 ) ($0.16 )
 
Shares used in computing net loss per share
Basic and diluted 38,566 37,264

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