MoSys, Inc. Reports Third Quarter 2006 Financial Results


ABOUT MOSYS, INC.

Founded in 1991, MoSys (Nasdaq: MOSY), develops, licenses and markets innovative memory technologies for semiconductors. MoSys' patented 1T-SRAM technologies offer a combination of high density, low power consumption, high speed and low cost unmatched by other available memory technologies. The single transistor bit cell used in 1T-SRAM memory results in the technology achieving much higher density than traditional four or six transistor SRAMs while using the same standard logic manufacturing processes. 1T-SRAM technologies also offer the familiar, refresh-free interface and high performance for random address access cycles associated with traditional SRAMs. In addition, these technologies can reduce operating power consumption by a factor of four compared with traditional SRAM technology, contributing to making them ideal for embedding large memories in System on Chip (SoC) designs. MoSys' licensees have shipped more than 100 million chips incorporating 1T-SRAM embedded memory technologies, demonstrating excellent manufacturability in a wide range of silicon processes and applications. MoSys is headquartered at 755 N. Mathilda Avenue, Sunnyvale, California 94085. More information is available on MoSys' website at http://www.mosys.com. (Financial Tables to Follow)
                             MOSYS, INC.
           CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
               (In thousands, except per share amounts)
                             (unaudited)

                                  Three Months Ended Nine Months Ended
                                    September 30,      September 30,
                                    2006     2005     2006     2005
                                  --------- -------- -------- --------

Net Revenue:
 Product                          $      -  $     -  $     -  $    10
 Licensing                           3,333    3,233    7,302    6,386
 Royalty                               705      897    2,598    3,484
                                  --------- -------- -------- --------
            Total net revenue        4,038    4,130    9,900    9,880

Cost of Net Revenue:
 Licensing                             172      668      906    1,743
                                  --------- -------- -------- --------
            Total cost of net
             revenue                   172      668      906    1,743

Gross Profit                         3,866    3,462    8,994    8,137

Operating Expenses:
 Research and development            2,018    1,359    6,099    4,282
 Selling, general and
  administrative                     3,350    2,721    8,785    7,403
 Restructuring expenses                  -        -        -      114
 Litigation settlement               2,400        -    2,400        -
                                  --------- -------- -------- --------
            Total operating
             expenses                7,768    4,080   17,284   11,799

 Loss from operations               (3,902)    (618)  (8,290)  (3,662)

 Other income/expenses               1,043      679    2,421    1,797

            Income (loss) before
             income taxes           (2,859)      61   (5,869)  (1,865)

 Provision for income taxes             (8)     (11)     (36)     (33)
                                  --------- -------- -------- --------

Net income (loss)                 $ (2,867) $    50  $(5,905) $(1,898)
                                   ========  =======  =======  =======

Net income (loss) per share
 Basic                              ($0.09) $  0.00   ($0.19)  ($0.06)
 Diluted                            ($0.09) $  0.00   ($0.19)  ($0.06)

Shares used in computing net
 income (loss) per share
 Basic                              31,386   30,531   31,233   30,479
 Diluted                            31,386    31,504      31,233      30,479
 


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