MoSys, Inc. Announces Fourth Quarter 2020 Financial Results
MoSys, Inc. (MOSY)
US:NASDAQ Investor Relations:
mosys.com/support/contact-us/investor-relations
Company Research
Source: Accesswire
SAN JOSE, CA / ACCESSWIRE / March 4, 2021 / MoSys, Inc. (NASDAQ:MOSY) ("MoSys" or the "Company"), a provider of semiconductor solutions that enable fast, intelligent data access for cloud, networking, security and communications systems, today announced financial results for the fourth quarter and fiscal year ended December 31, 2020.Fourth Quarter 2020 Financial ResultsTotal net revenue for the fourth quarter of 2020 was $1.6 million, compared with $2.0 million for the previous quarter and $2.3 million for the fourth quarter of 2019. Product revenue for the fourth quarter of 2020 was $1.4 million, compared with $1.8 million in the previous quarter and $2.1 million in the year ago period. The sequential and year-over-year decrease in product revenue reflected decreased shipments of Bandwidth Engine® and LineSpeed™ products due to customer transitions and delays in customer programs.Gross margin for the fourth quarter of 2020 was 68%, compared with 66% for the third quarter of 2020 and
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