MIPS TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
(unaudited)
Three Months Ended Nine Months Ended
March 31, March 31,
2009 2008 2009 2008
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Revenue:
Royalties $10,901 $12,556 $35,686 $35,590
Contract Revenue 11,805 14,767 39,635 40,336
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Total Revenue 22,706 27,323 75,321 75,926
Cost of Sales 4,325 9,407 17,761 22,110
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Gross Margin 18,381 17,916 57,560 53,816
Operating expenses:
Research and development 7,809 9,315 21,955 27,821
Sales and marketing 4,211 6,056 13,610 17,796
General and administrative 4,744 6,559 15,693 21,437
Acquired in-process
research and development - - - 6,350
Restructuring 959 1,279 6,438 1,279
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Total Operating expenses 17,723 23,209 57,696 74,683
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Operating income (loss) 658 (5,293) (136) (20,867)
Other income (expense), net (1,142) (762) (3,455) (1,488)
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Loss before income taxes (484) (6,055) (3,591) (22,355)
Provision for (benefit from)
income taxes 323 (1,798) (792) 1,018
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Net loss $(807) $(4,257) $(2,799) $(23,373)
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Net loss per share,
basic and diluted $(0.02) $(0.10) $(0.06) $(0.53)
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Common shares outstanding,
basic and diluted 44,682 43,992 44,534 43,887
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