MoSys, Inc. Reports Third Quarter 2015 Financial Results

Bandwidth Engine, GigaChip and MoSys are registered trademarks of MoSys, Inc. in the US and/or other countries. LineSpeed and the MoSys logo are trademarks of MoSys, Inc. All other marks mentioned herein are the property of their respective owners.

         
MOSYS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts; unaudited)
 
Three Months Ended Nine Months Ended
September 30, September 30,
  2015       2014     2015       2014  
 
Net Revenue
Product $ 565 $ 437 $ 1,288 $ 1,993
Royalty and other   457       716     1,504       2,241  
Total net revenue 1,022 1,153 2,792 4,234
 
Cost of Net Revenue
Product and other   793       447     1,593       2,046  
Total cost of net revenue 793 447 1,593 2,046
 
Gross Profit 229 706 1,199 2,188
 
Operating Expenses
Research and development 8,793 7,507 21,475 20,993
Selling, general and administrative   1,547       1,689     4,711       4,976  
Total operating expenses 10,340 9,196 26,186 25,969
 
Loss from operations (10,111 ) (8,490 ) (24,987 ) (23,781 )
 
Other income, net   19       30     71       115  
Loss before income taxes (10,092 ) (8,460 ) (24,916 ) (23,666 )
 
Income tax provision   13       23     60       65  
 
Net loss $ (10,105 )   $ (8,483 ) $ (24,976 )   $ (23,731 )
 
Net loss per share
Basic and diluted $ (0.15 ) ($0.17 ) ($0.41 ) ($0.48 )
 
Shares used in computing net loss per share
Basic and diluted 65,317 49,634 61,486 49,441
 

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