Electronics IP Industry – Q3 2011

MOSYS Third Quarter 2011 Results

Total net revenue for the third quarter of 2011 was just $2.107 million, compared with $3.292 million reported in the just-prior second quarter of 2011 and $3.776 million year-over-year in the third quarter of 2010.

To help put the poor revenue for Q3 2011 in perspective, revenue nine months YTD in 2011 is still $8.938 million, or $2.979 million per 2011 quarter, even when Q3 2011 is figured in. Revenue nine months YTD in 2010 was $11.595 million, or an average per 2010 quarter of $4.858 million.

GAAP net loss for the third quarter of 2011 was correspondingly huge at $6.868 million, or ($0.18) per share, compared with a GAAP net loss of $5.682 million, or ($0.15) per share, in the just-previous quarter and a net loss of $6.198 million, or ($0.19) per share, for the year-over-year third quarter of 2010.

Earnings per share for the third quarter of 2011 were computed using approximately 38.1 million shares on a GAAP basis.

 MoSys, Inc. self description

MoSys, Inc. (NASDAQ: MOSY) is a leading provider of high-performance networking memory solutions and high-speed, multi-protocol serial interface intellectual property (SerDes IP). MoSys' leading edge Bandwidth Engine® ICs combine the company's patented 1T-SRAM® high-density memory with its SerDes IP and are initially targeted at providing breakthroughs in bandwidth and access performance in next generation networking systems. MoSys’ SerDes IP and DDR3 PHYs support a wide range of data rates across a variety of standards, while its 1T-SRAM memory cores provide a combination of high-density, low-power consumption, high-speed and low cost advantages for high-performance applications. MoSys is headquartered in Santa Clara, California. More information is available on MoSys' website at www.mosys.com.

MoSys, 1T-SRAM and Bandwidth Engine are registered trademarks of MoSys, Inc. in the US and/or other countries. The MoSys logo is a trademark of MoSys, Inc. All other marks mentioned herein are the property of their respective owners.




MOSY Closing Price Nov 04 = $5.48
52 week range = $3.15 – $6.64
Market Cap = $132.48 million

 

News about MoSys


MoSys to Present at TechAmerica’s 2011 Classic Financial Conference on November 7, 2011

TechAmerica AEA Classic Financial Conference 2011

SANTA CLARA, Calif.--( BUSINESS WIRE)--MoSys, Inc., (NASDAQ: MOSY), a  provider of serial chip-to-chip communications solutions that deliver unparalleled bandwidth performance for next generation networking systems and advanced system-on-chip (SoC) designs, announced that the Company will present at TechAmerica’s 41st Annual The Classic Financial Conference at the Manchester Grand Hyatt in San Diego, California. Jim Sullivan, Chief Financial Officer, will conduct presentations and meet with investors on Monday, November 7, 2011, starting at 8:30 a.m. Pacific Time and concluding at 5:00 p.m.

About TechAmerica Financial Conference

The Classic serves as a financial catalyst for growth and innovation, enabling today’s leading tech companies to tap into capital, bolster investor interest, and strengthen shareholder value by bringing together growing public technology companies and technology focused investors. For more information on The Classic: www.techamerica.org/classic.

NOTE: This event will have occurred before press time of the November 14, 2011 posting of the EDA WEEKLY.



On October 20, 2011 Rambus Inc. (NASDAQ:RMBS), calling itself one of the world's premier technology licensing companies, reported financial results for the third quarter ended September 30, 2011.

Rambus Q3 2011 Business and Financial Highlights

  • Quarterly revenue up 216% year-over-year; 51% quarter over quarter
  • Quarterly revenue of $100.3 million
  • GAAP diluted income per share of $0.00
  • Signed Differential Power Analysis patent license agreement with major smart phone and tablet manufacturer
  • Verimatrix licensed CryptoFirewall™ core for Pay TV solutions
  • Dr. David Stork, computational sensing & imaging expert, joins Rambus Labs

Rambus GAAP Financial Results

Revenue for the third quarter of 2011 was $100.263 million, up 51% sequentially from the second quarter of 2011 [Q2 2011 revenue = $66.214 million], primarily due to the recognition of royalties from new licensing agreements signed in the second and third quarters of 2011. As compared to the third quarter of 2010, when revenue was only $31.743 million, Q3 2011 was up 216% primarily due to the revenue recognized from agreements signed since the third quarter of 2010.

Revenue for the nine months ended September 30, 2011 was $229.0 million, down 2% over the same period of last year, due to the recognition during the first quarter of 2010 of revenue from the settlement agreement signed with Samsung Electronics Co., Ltd. ("Samsung"), partially offset by the revenue recognized from agreements signed since the third quarter of 2010.

Total operating costs and expenses for the third quarter of 2011 were $89.5 million, which included general litigation expenses of $23.5 million, $7.2 million of stock-based compensation expenses and retention bonuses and amortization expenses related to the acquisition of Cryptography Research Inc. ("CRI") of $12.7 million. This is compared to total operating costs and expenses for the second quarter of 2011 of $68.7 million, which included general litigation expenses of $11.5 million, $7.0 million of stock-based compensation expenses and CRI related deal costs, retention bonuses and amortization expenses of $8.4 million. Total operating costs and expenses in the third quarter of 2010 were $43.2 million, which included general litigation expenses of $4.6 million, $7.5 million of stock-based compensation expenses and gain from the Samsung settlement of $10.3 million.

Total operating costs and expenses for the nine months ended September 30, 2011 were $212.4 million, which included a $6.2 million gain related to the Samsung settlement, $21.5 million of stock-based compensation expenses and $2.7 million for previous stock-based compensation restatement and related legal expenses. This is compared to total operating costs and expenses of $48.5 million for the same period of 2010, which included a $116.5 million gain related to the Samsung settlement, $23.2 million of stock-based compensation expenses and $3.4 million for previous stock-based compensation restatement and related legal expenses. General litigation expenses for the nine months ended September 30, 2011 were $44.2 million, an increase of $27.4 million from the same period in 2010.

Net income for the third quarter of 2011 was $0.478 million as compared to a net loss of $10.585 million in the second quarter of 2011 and a net loss of $20.576 million in the third quarter of 2010.


« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7  Next Page »



Review Article Be the first to review this article
Aldec

 Advanced Asembly

Featured Video
Latest Blog Posts
Bob Smith, Executive DirectorBridging the Frontier
by Bob Smith, Executive Director
You’re Invited! CEO Outlook May 18
Anupam BakshiAgnisys Automation Review
by Anupam Bakshi
Automating the UVM Register Abstraction Layer (RAL)
Jobs
SerDes Applications Design Engineer for Xilinx at San Jose, California
ASIC SoC Verification Engineer for Ericsson at Austin, Texas
Circuit Design & Layout Simulation Engineer - Co-Op (Spring 2021) for Global Foundaries at Santa Clara, California
Test and Measurement System Architect for Xilinx at San Jose, California
Senior Staff Field Application Engineer for Global Foundaries at Santa Clara, California
Electronics Engineer for Lockheed Martin at Sunnyvale, California
Upcoming Events
DVCon China 2021 at Shanghai China - May 26, 2021
CadenceLIVE Americas 2021 at United States - Jun 8 - 9, 2021
DesignCon 2021 at San Jose McEnery Convention Center San Jose, CA San Jose CA - Aug 16 - 18, 2021
SEMICON Southeast Asia 2021 Hybrid Event at Setia SPICE Convention Centre Penang Malaysia - Aug 23 - 27, 2021



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+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