| MOSYS, INC. | ||||||||||||||||||||
| Reconciliation of GAAP to Non-GAAP Net Loss and Net Loss Per Share | ||||||||||||||||||||
| (In thousands, except per share amounts; unaudited) | ||||||||||||||||||||
| Three Months Ended | Nine Months Ended | |||||||||||||||||||
| September 30, | September 30, | |||||||||||||||||||
| 2011 | 2010 | 2011 | 2010 | |||||||||||||||||
| GAAP net loss | $ | (6,863 | ) | $ | (6,198 | ) | $ | (18,544 | ) | $ | (17,351 | ) | ||||||||
| Stock-based compensation expense | ||||||||||||||||||||
| - Cost of net revenue | 30 | 76 | 137 | 246 | ||||||||||||||||
| - Research and development | 565 | 414 | 1,375 | 1,095 | ||||||||||||||||
| - Selling, general and administrative | 326 | 343 | 962 | 955 | ||||||||||||||||
| Total stock-based compensation expense | 921 | 833 | 2,474 | 2,296 | ||||||||||||||||
| Amortization of intangible assets (1) | 655 | 678 | 1,964 | 2,147 | ||||||||||||||||
| Acquisition-related contingent compensation charges (2) | - | - | - | 987 | ||||||||||||||||
| Acquisition-related transaction costs (3) | - | - | - | 195 | ||||||||||||||||
| Non-GAAP net loss | $ | (5,287 | ) | $ | (4,687 | ) | $ | (14,106 | ) | $ | (11,726 | ) | ||||||||
| GAAP net loss per share | ($0.18 | ) | ($0.19 | ) | ($0.49 | ) | ($0.55 | ) | ||||||||||||
| Reconciling items | ||||||||||||||||||||
| - Stock-based compensation expense | 0.02 | 0.03 | 0.07 | 0.07 | ||||||||||||||||
| - Amortization of intangible assets (1) | 0.02 | 0.01 | 0.05 | 0.07 | ||||||||||||||||
| - Acquisition-related contingent compensation charges (2) | - | - | - | 0.03 | ||||||||||||||||
| - Acquisition-related transaction costs (3) | - | - | - | 0.01 | ||||||||||||||||
| Non-GAAP net loss per share: Basic and diluted | ($0.14 | ) | ($0.15 | ) | ($0.37 | ) | ($0.37 | ) | ||||||||||||
| Shares used in computing non-GAAP net loss per share | ||||||||||||||||||||
| Basic and diluted | 38,090 | 31,946 | 37,700 | 31,616 | ||||||||||||||||
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(1) |
Non-cash charges for amortization of intangibles arising from acquired assets. |
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(2) |
Contingent earn-out compensation charges arising from acquisitions. Amounts included in research and development and selling, general and administrative (SG&A) expenses for the nine months ended September 30, 2010 are $842,000 and $145,000, respectively. |
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(3) |
Charges primarily related to legal and accounting fees incurred for the acquisition of MagnaLynx, Inc. in March 2010. These charges are included in SG&A expenses. |
