Virage Logic Reports First Quarter Fiscal Year 2010 Results

Virage Logic Corporation
Condensed Consolidated Statements of Operations
(In thousands, except per-share amounts)
(Unaudited)
 
For the Three Months Ended
December 31,
2009   2008
Revenue:
License $ 16,923 $ 8,501
Royalties   4,735     2,848  
Total revenues 21,658 11,349
Cost and expenses:
Cost of revenues 4,519 2,569
Research and development 11,242 9,019
Sales and marketing 4,681 2,667
General and administrative 4,572 2,121
           
Total cost and expenses   25,014     16,376  
Operating loss (3,356 ) (5,027 )
Interest and other income (expense), net   280     648  
Income (loss) before taxes (3,076 ) (4,379 )
 
Income tax provision (benefit)   (895 )   (1,768 )
 
Net loss $ (2,181 ) $ (2,611 )
 
Loss per share:
Basic $ (0.09 ) $ (0.11 )
Diluted $ (0.09 ) $ (0.11 )
 
Shares used in computing per share amounts:
Basic   24,407     22,936  
Diluted   24,407     22,936  
 

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