MoSys, Inc. Reports Third Quarter 2017 Financial Results
MoSys, Inc. (MOSY)
US:NASDAQ Investor Relations:
mosys.com/support/contact-us/investor-relations
Company Research
Source: GlobeNewswire
SANTA CLARA, Calif., Nov. 13, 2017 (GLOBE NEWSWIRE) -- MoSys, Inc. (NASDAQ:MOSY), today reported financial results for the quarter ended September 30, 2017. Third Quarter 2017 Financial ResultsTotal net revenue for the third quarter of 2017 was $2.5 million, compared with $1.4 million for the previous quarter and $1.6 million for the third quarter of 2016. Product revenue for the third quarter was $2.2 million, compared with $1.1 million in the second quarter of 2017 and $1.2 million in the year-ago period. The sequential quarterly and annual increases in product revenue were primarily attributable to increased shipments of Bandwidth Engine 2 products. Gross margin for the third quarter of 2017 was 49 percent, compared with 47 percent for the second quarter of 2017 and 58 percent for the third quarter of 2016. Gross margin was higher in 2016 due to a higher proportion of royalty revenues to total revenues. The Company expects gross margin to improve further as a result of incre
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