MoSys, 1T-SRAM and Bandwidth Engine are registered trademarks of MoSys, Inc. in the US and/or other countries. Breaking Bandwidth Barriers, GigaChip, LineSpeed and the MoSys logo are trademarks of MoSys, Inc. All other marks mentioned herein are the property of their respective owners.
(Financial Tables to Follow)
| MOSYS, INC. | |||||||||||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | |||||||||||||||||
| (In thousands, except per share amounts; unaudited) | |||||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||||
| June 30, | June 30, | ||||||||||||||||
| 2013 | 2012 | 2013 | 2012 | ||||||||||||||
| Net Revenue | |||||||||||||||||
| Licensing and other | $ | 160 | $ | 644 | $ | 409 | $ | 865 | |||||||||
| Royalty | 960 | 1,092 | 2,046 | 2,295 | |||||||||||||
| Total net revenue | 1,120 | 1,736 | 2,455 | 3,160 | |||||||||||||
| Cost of Net Revenue | |||||||||||||||||
| Licensing and other | 77 | 179 | 96 | 236 | |||||||||||||
| Total cost of net revenue | 77 | 179 | 96 | 236 | |||||||||||||
| Gross Profit | 1,043 | 1,557 | 2,359 | 2,924 | |||||||||||||
| Operating Expenses | |||||||||||||||||
| Research and development | 5,983 | 6,688 | 11,303 | 14,194 | |||||||||||||
| Selling, general and administrative | 1,460 | 1,428 | 3,083 | 4,354 | |||||||||||||
| Gain on sale of assets | - | - | (630 | ) | (1,856 | ) | |||||||||||
| Total operating expenses | 7,443 | 8,116 | 13,756 | 16,692 | |||||||||||||
| Loss from operations | (6,400 | ) | (6,559 | ) | (11,397 | ) | (13,768 | ) | |||||||||
| Other income, net | 24 | 36 | 44 | 60 | |||||||||||||
| Loss before income taxes | (6,376 | ) | (6,523 | ) | (11,353 | ) | (13,708 | ) | |||||||||
| Income tax provision | 20 | 30 | 40 | 60 | |||||||||||||
| Net loss | $ | (6,396 | ) | $ | (6,553 | ) | $ | (11,393 | ) | $ | (13,768 | ) | |||||
| Net loss per share | |||||||||||||||||
| Basic and diluted | ($0.15 | ) | ($0.17 | ) | ($0.27 | ) | ($0.36 | ) | |||||||||
| Shares used in computing net loss per share | |||||||||||||||||
| Basic and diluted | 43,892 | 38,880 | 42,078 | 38,723 | |||||||||||||
