| SIGMA DESIGNS, INC. | |||||||||||||
| UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | |||||||||||||
| (GAAP) | |||||||||||||
| (In thousands, except per share data) | |||||||||||||
| Three months ended | |||||||||||||
|
April 29,
2017 |
January 28,
2017 |
April 30,
2016 | |||||||||||
| Net revenue | $ | 39,564 | $ | 42,724 | $ | 53,775 | |||||||
| Cost of revenue | 20,940 | 21,323 | 29,774 | ||||||||||
| Gross profit | 18,624 | 21,401 | 24,001 | ||||||||||
| Gross margin percent | 47.1 | % | 50.1 | % | 44.6 | % | |||||||
| Operating expenses: | |||||||||||||
| Research and development | 18,169 | 17,738 | 19,155 | ||||||||||
| Sales and marketing | 5,372 | 5,654 | 5,723 | ||||||||||
| General and administrative | 5,211 | 4,324 | 5,138 | ||||||||||
| Restructuring charge | 243 | - | - | ||||||||||
| Impairment of IP, mask sets and design tools | 3,006 | 848 | - | ||||||||||
| Total operating expenses | 32,001 | 28,564 | 30,016 | ||||||||||
| Loss from operations | (13,377 | ) | (7,163 | ) | (6,015 | ) | |||||||
| Interest and other income (expense), net | (465 | ) | (189 | ) | (751 | ) | |||||||
| Loss before income taxes | (13,842 | ) | (7,352 | ) | (6,766 | ) | |||||||
| Provision for income taxes | 1,017 | 1,364 | 1,332 | ||||||||||
| Net loss | $ | (14,859 | ) | $ | (8,716 | ) | $ | (8,098 | ) | ||||
| Net loss per share: | |||||||||||||
| Basic | $ | (0.39 | ) | $ | (0.23 | ) | $ | (0.22 | ) | ||||
| Diluted | $ | (0.39 | ) | $ | (0.23 | ) | $ | (0.22 | ) | ||||
| Shares used in computing net loss per share: | |||||||||||||
| Basic | 38,156 | 37,995 | 36,872 | ||||||||||
| Diluted | 38,156 | 37,995 | 36,872 | ||||||||||
|
Sigma Designs, Inc. Reports First Quarter Fiscal Year 2018 Financial Results
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