This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

MoSys, Inc. Reports Second Quarter 2013 Financial Results

“In summary, I am pleased with the level of activity, both internally and externally, as we continue to make notable progress toward becoming a viable fabless semiconductor company. We have grown our sales pipeline for both the Bandwidth Engine and LineSpeed products and have multiple prospective customers advancing in the decision process. With the recent infusion of capital from our public offering, we are well positioned to expedite new product development and further our sales activities in order to drive additional design wins and future revenue.”

Second Quarter Results

Total net revenue for the second quarter of 2013 was $1.1 million, compared with $1.3 million reported in the first quarter of 2013 and $1.7 million in the second quarter of 2012.

Second quarter 2013 total revenue included licensing and other revenue of $0.1 million, consistent with the previous quarter and compared with $0.6 million in the second quarter of 2012. Revenue attributable to shipments of integrated circuits is included in licensing and other revenue. Second quarter 2013 royalty revenue was $1.0 million, compared with $1.1 million in both the previous quarter and the second quarter of 2012.

Gross margin for the second quarter of 2013 was 93 percent, compared with 99 percent in the first quarter of 2013 and 90 percent for the second quarter of 2012.

Total operating expenses on a GAAP basis for the second quarter of 2013 were $7.4 million, compared with $6.3 million in the previous quarter and $8.1 million for the second quarter of 2012. Second quarter 2013 operating expenses included $0.3 million of amortization of intangible assets and $1.0 million in stock-based compensation expense.

GAAP net loss for the second quarter of 2013 was $6.4 million, or ($0.15) per share, compared with a net loss of $5.0 million, or ($0.12) per share, in the previous quarter and a net loss of $6.6 million, or ($0.17) per share, for the second quarter of 2012. The non-GAAP net loss for the second quarter of 2013 was $5.2 million, or ($0.12) per share, which excludes amortization of intangible assets and stock-based compensation expense. Earnings per share for the second quarter of 2013 were computed using approximately 43.9 million weighted shares on a GAAP and non-GAAP basis. A reconciliation of GAAP results to non-GAAP results is provided in the financial statement tables following the text of this press release.

2 of 6

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,131.97 +100.83 0.59%
S&P 500 1,998.98 +14.85 0.75%
NASDAQ 4,552.7590 +33.8570 0.75%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs