EZchip Announces Record Second Quarter 2015 Results: Q2 Revenues Increase 28% Year-Over-Year To $28.3 Million



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.


Jeffrey A Schreiner
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Tel: (US) 1 408 520 3676


To view the original version on PR Newswire, visit: http://www.prnewswire.com/news-releases/ezchip-announces-record-second-quarter-2015-results-q2-revenues-increase-28-year-over-year-to-283-million-300127443.html

SOURCE EZchip Semiconductor Ltd.

EZchip Semiconductor Ltd.
Web: http://www.ezchip.com

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