Ramtron Reports Fourth-Quarter And Full-Year 2011 Financial Results

The financial information in this press release and the attached financial statements have been prepared from the books and records of the company with the omission of certain information and disclosures normally included in financial statements.

RAMTRON INTERNATIONAL CORPORATION
FOURTH-QUARTER AND FULL-YEAR 2011 AND 2010 FINANCIAL HIGHLIGHTS
CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts in thousands, except per-share amounts) (unaudited)
		Three Months Ended								Year Ended
		Dec. 31,				Dec. 31,				Dec. 31,				Dec. 31,
		2011				2010				2011				2010
Revenue:
Product sales		$	16,905			$	15,930			$	65,617			$	69,399
License and royalty revenue			136				200				791				805
		$	17,041				16,130				66,408				70,204
Costs and expenses:
Cost of product sales			7,906				7,709				32,950				33,896
Research and development			4,530				4,261				18,286				16,965
Sales and Marketing			2,511				2,389				9,824				9,159
General and administrative			1,666				862				7,332				6,475
			16,613				15,221				68,392				66,495
Operating income (loss)			428				909				(1,984	)			3,709
Interest expense			(171	)			(232	)			(783	)			(810	)
Other income (expense), net			(50	)			24				(12	)			(383	)
Income (loss) before income tax benefit (provision)			207				701				(2,779	)			2,516
Income tax benefit (provision)			(77	)			(230	)			1,020				(931	)
Net income (loss)		$	130			$	471				($1,759	)		$	1,585
Net income (loss) per common share:
Basic and Diluted		$	0.00			$	0.02				($0.06	)		$	0.06
Weighted average common shares outstanding:
Basic			33,750				27,189				30,258				27,077
Diluted			34,097				28,830				30,258				28,157

RAMTRON INTERNATIONAL CORPORATION
YEAR-END 2011 AND 2010 FINANCIAL HIGHLIGHTS
CONSOLIDATED BALANCE SHEETS
(Amounts in thousands) (unaudited)
		December 31,			December 31,
		2011			2010
ASSETS
Current assets:
Cash and cash equivalents		$	4,736		$	9,945
Accounts receivable, net			7,556			9,910
Inventories			22,831			5,412
Deferred income taxes, net			366			368
Other current assets			1,242			2,332
Total current assets			36,731			27,967
Property, plant and equipment, net			23,072			21,170
Intangible assets, net			2,703			2,746
Long-term deferred income taxes, net			5,604			4,551
Other assets			466			398
Total assets		$	68,576		$	56,832
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable		$	6,185		$	5,995
Accrued liabilities			2,595			1,843
Deferred revenue			6			564
Current portion of long-term debt			4,202			3,284
Total current liabilities			12,988			11,686
Other long term liabilities			210			218
Long-term deferred revenue			--			6
Long-term debt			7,711			8,924
Total liabilities			20,909			20,834
Stockholders’ equity			47,667			35,998
Total liabilities and stockholders’ equity		$	68,576		$	56,832

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