MoSys, Inc. Reports First Quarter 2018 Financial Results
MoSys, Inc. (MOSY)
US:NASDAQ Investor Relations:
mosys.com/support/contact-us/investor-relations
Company Research
Source: GlobeNewswire
SAN JOSE, Calif., May 10, 2018 (GLOBE NEWSWIRE) -- MoSys, Inc. (NASDAQ:MOSY), today reported financial results for the quarter ended March 31, 2018. First Quarter 2018 Financial ResultsTotal net revenue for the first quarter of 2018 was $4.2 million, compared with $3.8 million for the fourth quarter of 2017 and $1.2 million for the first quarter of 2017. Product revenue for the first quarter was $3.7 million, compared with $3.5 million in the fourth quarter of 2017 and $1.0 million in the year ago period, reflecting increased IC shipments to multiple design win customers. GAAP gross margin for the first quarter of 2018 increased to 62%, compared with 45% for the fourth quarter of 2017 and 50% for the first quarter of 2017. The sequential increase in gross margin was due primarily to improved manufacturing efficiencies and higher licensing revenue. Total operating expenses on a GAAP basis for the first quarter of 2018 were $2.0 million, compared with $2.2 million in the
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