EZchip Announces Record First Quarter 2014 Results

 


EZchip Semiconductor Ltd.

Condensed Consolidated Statements of Operations

(U.S. Dollars in thousands, except per share amounts)

(Unaudited)




Three Months Ended



March 31,


December 31,


March 31,



2014


2013


2013








Revenues


$       20,288


$       20,097


$       15,296

Cost of revenues


3,788


3,680


2,941

Gross profit


16,500

 


16,417

 


12,355

 








Operating expenses:







Research and development, net


7,102


6,923


6,098

Selling, general and administrative


3,772


3,527


3,257

Total operating expenses


10,874


10,450


9,355








Operating income


5,626

 


5,967

 


3,000

 

Financial income, net


460


546


510

Net income


$        6,086


$        6,513


$        3,510








Net income per share:







Basic


$          0.21


$          0.23


$          0.12

Diluted


$          0.21


$          0.22


$          0.12

Weighted average shares used in per share calculation:







Basic


28,978,411


28,825,291


28,394,665

Diluted


29,338,690


29,171,552


28,881,145









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