MoSys, Inc. Reports Second Quarter 2014 Financial Results

 
MOSYS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts; unaudited)
                 
Three Months Ended Six Months Ended
June 30, June 30,
2014     2013 2014     2013
 
Net Revenue
Product $ 975 $ 60 $ 1,556 $ 121
Royalty and other   774         1,060     1,525         2,334  
Total net revenue 1,749 1,120 3,081 2,455
 
Cost of Net Revenue
Product and other   1,022         77     1,599         96  
Total cost of net revenue 1,022 77 1,599 96
 
Gross Profit 727 1,043 1,482 2,359
 
Operating Expenses
Research and development 6,432 5,983 13,486 11,303
Selling, general and administrative 1,490 1,460 3,287 3,083
Gain on sale of assets   -         -     -         (630 )
Total operating expenses 7,922 7,443 16,773 13,756
 
Loss from operations (7,195 ) (6,400 ) (15,291 ) (11,397 )
 
Other income, net   55         24     85         44  
Loss before income taxes (7,140 ) (6,376 ) (15,206 ) (11,353 )
 
Income tax provision   21         20     42         40  
 
Net loss $ (7,161 )     $ (6,396 ) $ (15,248 )     $ (11,393 )
 
Net loss per share
Basic and diluted ($0.14 ) ($0.15 ) ($0.31 ) ($0.27 )
 
Shares used in computing net loss per share
Basic and diluted 49,511 43,892 49,344 42,078
 

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