other risks identified in the Company’s most recent reports on form 10-K and form 10-Q filed with the Securities and Exchange Commission, as well as other reports that MoSys files from time to time with the Securities and Exchange Commission. MoSys undertakes no obligation to update publicly any forward-looking statement for any reason, except as required by law, even as new information becomes available or other events occur in the future.

About MoSys, Inc.

MoSys, Inc. (NASDAQ: MOSY) develops serial chip-to-chip communications solutions that deliver unparalleled bandwidth performance for next generation networking systems and advanced system-on-chip (SoC) designs. MoSys’ IP portfolio includes DDR3 PHYs and SerDes IP that support data rates from 1 - 11 Gigabits per second (Gbps) across a variety of standards. In addition, MoSys offers its flagship, patented 1T-SRAM® and 1T-Flash® memory cores, which offer a combination of high-density, low power consumption, high speed and low cost advantages for high-performance networking, computing, storage and consumer/graphics applications. MoSys IP is production-proven in more than 225 million devices. MoSys is headquartered in Sunnyvale, California. More information is available on MoSys' website at www.mosys.com.

MoSys, 1T-SRAM and 1T-Flash are registered trademarks of MoSys, Inc. The MoSys logo and Bandwidth Engine is a trademark of MoSys, Inc. All other trademarks mentioned herein are the intellectual property of their respective owners.

MOSYS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts; unaudited)
		Three Months Ended								Twelve Months Ended
		December 31,								December 31,
			2009				2008 (1)				2009				2008 (1)
Net Revenue
Licensing		$	1,314			$	859			$	3,476			$	3,156
Royalty			2,229				3,101				7,982				10,870
Total net revenue			3,543				3,960				11,458				14,026
Cost of Net Revenue
Licensing			720				641				1,993				2,797
Total cost of net revenue			720				641				1,993				2,797
Gross Profit			2,823				3,319				9,465				11,229
Operating Expenses
Research and development			5,148				4,156				18,145				17,206
Selling, general and administrative			2,521				3,058				9,207				12,006
Acquisition-related costs			488				-				1,410				-
Impairment of intangible assets			-				1,379				-				1,379
Restructuring charges			-				1,334				706				1,334
Total operating expenses			8,157				9,927				29,468				31,925
Loss from operations			(5,334	)			(6,608	)			(20,003	)			(20,696	)
Other income, net			251				217				744				2,243
Loss before income taxes			(5,083	)			(6,391	)			(19,259	)			(18,453	)
Provision for income taxes			191				(21	)			155				(132	)
Net loss		$	(4,892	)		$	(6,412	)		$	(19,104	)		$	(18,585	)
Net loss per share
Basic and diluted			($0.16	)			($0.20	)			($0.61	)			($0.59	)
Shares used in computing net loss per share
Basic and diluted			31,219				31,623				31,238				31,698
(1) Financial statements have been revised to reflect immaterial increases in stock-based compensation resulting from calculation errors in the third-party stock administration software used by the Company.

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