MoSys, Inc. Reports Fourth Quarter and Full Year 2008 Financial Results
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MOSYS, INC.
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Reconciliation of GAAP to Non-GAAP Net Loss and Net Loss Per Share
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(In thousands, except per share amounts; unaudited)
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Three Months Ended
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Twelve Months Ended
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December 31,
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December 31,
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2008
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2007
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2008
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2007
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GAAP net loss
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$ (6,307)
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$ (4,583)
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$ (18,419)
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$ (8,521)
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Stock-based compensation expense
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- Cost of net revenue
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66
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178
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408
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495
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- Research and development
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261
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363
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1,197
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1,162
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- Selling, general and administrative
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673
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651
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2,972
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2,109
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Total stock-based compensation expense
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1,000
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1,192
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4,577
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3,766
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In-process research and development
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-
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-
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-
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966
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Amortization of intangible assets
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151
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197
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742
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394
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Impairment of intangible assets (1)
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1,379
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-
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1,379
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-
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Restructuring charge (1)
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1,334
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-
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1,334
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-
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Non-GAAP net loss
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$ (2,443)
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$ (3,194)
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$ (10,387)
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$ (3,395)
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GAAP net loss per share
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($0.20)
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($0.14)
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($0.58)
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($0.27)
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Reconciling items
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- Stock-based compensation expense
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0.03
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0.04
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0.15
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0.12
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- In-process research and development
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-
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-
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-
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0.03
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- Amortization of intangible assets
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0.01
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-
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0.02
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0.01
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- Impairment of intangible assets (1)
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0.04
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-
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0.04
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-
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- Restructuring charge (1)
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0.04
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-
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0.04
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-
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Non-GAAP net loss per share: Basic and diluted
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($0.08)
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($0.10)
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($0.33)
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($0.11)
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Shares used in computing non-GAAP net loss per share
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Basic and diluted
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31,623
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32,117
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31,698
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31,994
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(1) Charges related to the exit of the analog/mixed-signal product
lines
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