About MoSys, Inc.
Founded in 1991, MoSys (NASDAQ: MOSY), develops, markets and licenses innovative embedded memory and analog/mixed-signal intellectual property (IP) technologies for advanced SoCs used in a variety of home entertainment, mobile consumer, networking and storage applications. MoSys' patented 1T-SRAM and 1T-FLASH technologies offer a combination of high density, low power consumption, high speed and low cost unmatched by other available memory technologies. MoSys’ advanced analog/mixed-signal technologies include highly integrated Blu-ray DVD, Gigabit Ethernet, Serial ATA, and a range of high speed phase lock loop and analog-to-digital converter IP. MoSys' embedded memory IP has been included in more than 160 million devices demonstrating silicon-proven manufacturability in a wide range of 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.
MoSys and 1T-SRAM are registered trademarks of MoSys, Inc. 1T-FLASH(TM) is a trademark of MoSys, Inc.
| MOSYS, INC. | ||||||||||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | ||||||||||||||||
| (In thousands, except per share amounts; unaudited) | ||||||||||||||||
| Three Months Ended | Six Months Ended | |||||||||||||||
| June 30, | June 30, | |||||||||||||||
| 2008 | 2007 | 2008 | 2007 | |||||||||||||
| Net Revenue | ||||||||||||||||
| Licensing | $ | 667 | $ | 2,159 | $ | 1,099 | $ | 3,317 | ||||||||
| Royalty | 2,528 | 2,170 | 4,913 | 4,149 | ||||||||||||
| Total net revenue | 3,195 | 4,329 | 6,012 | 7,466 | ||||||||||||
| Cost of Net Revenue | ||||||||||||||||
| Licensing | 833 | 678 | 1,313 | 1,242 | ||||||||||||
| Total cost of net revenue | 833 | 678 | 1,313 | 1,242 | ||||||||||||
| Gross Profit | 2,362 | 3,651 | 4,699 | 6,224 | ||||||||||||
| Operating Expenses | ||||||||||||||||
| Research and development | 4,344 | 2,101 | 8,443 | 4,179 | ||||||||||||
| Selling, general and administrative | 2,926 | 2,825 | 6,282 | 5,405 | ||||||||||||
| Amortization of acquired intangible assets | 197 | - | 394 | - | ||||||||||||
| Total operating expenses | 7,467 | 4,926 | 15,119 | 9,584 | ||||||||||||
| Loss from operations | (5,105 | ) | (1,275 | ) | (10,420 | ) | (3,360 | ) | ||||||||
| Other income/expenses | 561 | 1,232 | 1,635 | 2,296 | ||||||||||||
| Loss before income taxes | (4,544 | ) | (43 | ) | (8,785 | ) | (1,064 | ) | ||||||||
| Provision for income taxes | (46 | ) | (103 | ) | (89 | ) | (51 | ) | ||||||||
| Net loss | $ | (4,590 | ) | $ | (146 | ) | $ | (8,874 | ) | $ | (1,115 | ) | ||||
| Net loss per share | ||||||||||||||||
| Basic and diluted | ($0.14 | ) | ($0.00 | ) | ($0.28 | ) | ($0.04 | ) | ||||||||
| Shares used in computing net loss per share | ||||||||||||||||
| Basic and diluted | 31,703 | 31,945 | 31,690 | 31,820 | ||||||||||||
