EZchip Announces Record Second Quarter 2014 Results: Q2 Revenues Increase 33% Year-Over-Year To $22.1 Million

Contact:

Ehud Helft / Kenny Green
GK Investor & Public Relations
Email Contact 
Tel: (US) 1 646 201 9246

-- tables to follow -- 

EZchip Semiconductor Ltd.
Condensed Consolidated Statements of Operations
(U.S. Dollars in thousands, except per share amounts)
(Unaudited)




Three Months Ended


Six Months Ended



June 30,


March 31,


June 30,


June 30,


June 30,



2014


2014


2013


2014


2013












Revenues


$ 22,102


$ 20,288


$ 16,653


$ 42,390


$ 31,949

Cost of revenues


4,300


3,788


2,475


8,088


5,416

Gross profit


17,802


16,500


14,178


34,302


26,533












Operating expenses:











Research and development, net


7,394


7,102


6,267


14,496


12,365

Selling, general and administrative


4,478


3,772


3,269


8,250


6,526

Total operating expenses


11,872


10,874


9,536


22,746


18,891












Operating income


5,930


5,626


4,642


11,556


7,642

Financial income, net


284


460


505


744


1,015

Net income


$ 6,214


$ 6,086


$ 5,147


$ 12,300


$ 8,657












Net income per share:











Basic


$ 0.21


$ 0.21


$ 0.18


$ 0.42


$ 0.30

Diluted


$ 0.21


$ 0.21


$ 0.18


$ 0.42


$ 0.30

Weighted average shares used in per
share calculation:











Basic


29,157,533


28,978,411


28,571,954


29,068,467


28,483,800

Diluted


29,473,870


29,338,690


28,917,717


29,464,673


28,946,460
























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