Applied Micro Circuits Corporation Reports First Quarter Fiscal 2017 Financial Results

 

          
APPLIED MICRO CIRCUITS CORPORATION
SCHEDULE OF SELECTED GAAP TO NON-GAAP ADJUSTMENTS
(in thousands)
(unaudited)
          
          
      Three Months Ended
      June 30,  March 31,  June 30,
       2016    2016    2015 
GROSS PROFIT:      
GAAP gross profit $25,469  $24,174   21,007 
Stock-based compensation expense  158   172   93 
Non-GAAP gross profit $25,627  $24,346  $21,100 
          
OPERATING EXPENSES:      
GAAP operating expenses $36,184  $33,194  $30,477 
Stock-based compensation expense  (8,007)  (7,465)  (5,999)
Restructuring  -   57   (96)
Non-GAAP operating expenses $28,177  $25,786  $24,382 
          
INTEREST AND OTHER INCOME, NET      
GAAP interest and other income, net $247  $229  $1,644 
Reversals of impairment charges upon sales of marketable securities     -       -       (1,427 )
Non-GAAP interest and other income, net   $ 247     $ 229     $ 217  
                   
INCOME TAX EXPENSE:            
GAAP income tax expense   $ 71     $ 116     $ (422 )
Income tax adjustment     129       84       622  
Non-GAAP income tax expense   $ 200     $ 200     $ 200  
                   
RESEARCH AND DEVELOPMENT:            
GAAP research and development   $ 27,485     $ 25,113     $ 21,617  
Stock-based compensation expense     (5,993 )     (5,503 )     (4,060 )
Non-GAAP research and development   $ 21,492     $ 19,610     $ 17,557  
                   
SELLING, GENERAL AND ADMINISTRATIVE:            
GAAP selling, general and administrative   $ 8,699     $ 8,138     $ 8,764  
Stock-based compensation expense     (2,014 )     (1,962 )     (1,939 )
Non-GAAP selling, general and administrative   $ 6,685     $ 6,176     $ 6,825  
                   

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



Review Article Be the first to review this article

Featured Video
Jobs
Principle Electronic Design Engr for Cypress Semiconductor at San Jose, CA
Design Verification Engineer for intersil at Morrisville, NC
ASIC Hardware Engineer for BAE Systems Intelligence & Security at Arlington, VA
Senior Formal FAE Location OPEN for EDA Careers at San Jose or Anywhere, CA
Senior Electrical Engineer for Allen & Shariff Corporation at Pittsburgh, PA
Upcoming Events
DVCon US 2018 at Double Tree Hotel San Jose CA - Feb 26 - 1, 2018
5th EAI International Conference on Big data and Cloud Computing Challenges at Vandalur, Kelambakkam high road chennai Tamil Nadu India - Mar 8 - 9, 2018
DATE '18: Design, Automation and Test in Europe at International Congress Center Dresden Ostra-Ufer 2 Dresden Germany - Mar 19 - 23, 2018
DownStream: Solutions for Post Processing PCB Designs



Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — 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 PolicyAdvertise