EZchip Announces First Quarter 2015 Results; Provides Update On Status Of NPS Adoption

 

 

EZchip Semiconductor Ltd.

Selected Condensed Consolidated Cash Flow Data on a Non-GAAP Basis

(U.S. Dollars in thousands)

(Unaudited)




Three Months Ended




March 31,


December 31,


March 31,




2015


2014


2014


Cash flows from operating activities:








Net income (loss)


$     (8,266)


$     (7,341)


$     6,086


Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:








Repayment of OCS grants*


9,636


--


--


Depreciation and Amortization


1,783


2,752


168


Increase in trade and other receivables, net


(1,105)


(5,321)


(1,471)


Decrease (increase) in inventory


879


(152)


(102)


Decrease in trade payables and other accrued liabilities, net


 

(29)


 

(992)


 

(164)


Stock-based compensation


4,802


6,934


3,925


Net cash provided by (used in) operating activities


7,700


(4,120)


8,442










Cash flows from investing activities:








Purchase of property and equipment


(83)


(160)


(196)


Purchase of technology


--


(2,641)


(1,348)


Long term investment and others


--


(31,580)


--


Net cash used in investing activities


(83)


(34,381)


(1,544)










Cash flows from financing activities:








Proceeds from exercise of options


317


1,117


216










Net cash provided by financing activities


317


1,117


216










Repayment of OCS grants*


(9,636)


--


--


Cash adjustment of marketable securities, net**


66


(299)


(7)










Increase (decrease) in cash, cash equivalents, marketable securities and deposits


 

(1,636)


 

(37,683)


 

7,107










Cash, cash equivalents, marketable securities and deposits at the beginning of the period


 

185,757


 

223,440


 

202,865




Cash, cash equivalents, marketable securities and deposits at the end of the period


$   184,121


$   185,757


$   209,972













During February 2015 we have made a one-time early payment of $9.6 million to the Israeli Office of Chief Scientist, representing the full balance of the contingent liability related to the NP-5 grants received. Upon making this payment, we have eliminated all future royalty obligations related to our anticipated NP-5 revenues and saved the associated future interest payments related to such obligations. This amount was excluded from the non-GAAP operating cash flow as it represents future royalty obligations.                        



**

Including unrealized gain (loss) on marketable securities, accumulated interest accretion and amortization of discount and premium on marketable securities.


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



Review Article Be the first to review this article

ALDEC:

Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
Reverie: All That Glitters is not Past
More Editorial  
Jobs
SoC Design Engineer for Intel at Santa Clara, CA
Development Engineer-WEB SKILLS +++ for EDA Careers at North Valley, CA
FAE FIELD APPLICATIONS SAN DIEGO for EDA Careers at San Diego, CA
Technical Support Engineer for EDA Careers at Freemont, CA
Digital and FPGA Hardware Designer for Giga-tronics Incorporated at San Ramon, CA
Senior Physical Design Engineer for Ambiq Micro at Austin, TX
Upcoming Events
European 3D Summit 2017 at 3, parvis Louis Néel 38054 Grenoble France - Jan 23 - 25, 2017
3D Printing Electronics Conference at High Tech Campus 1, 5656 Eindhoven Eindhoven Netherlands - Jan 24, 2017
DesignCon 2017 at Santa Clara Convention Center Santa Clara CA - Jan 31 - 2, 2017
Embedded Neural Network Summit at San Jose CA - Feb 1, 2017



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — 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 Policy