Investor’s Roundup: MoSys Inc. (NASDAQ: MOSY) – News Description

Investor’s Roundup: MoSys Inc. (NASDAQ: MOSY)

SAN JOSE, Calif., October 3, 2019 – Shares of MoSys Inc. (NASDAQ: MOSY) showed the bearish trend with a lower momentum of -5.93% to $2.38. The company traded total volume of 61.780K shares as contrast to its average volume of 83.62K shares. The company has a market value of $5.24M and about 2.20M shares outstanding.

MoSys, Inc. (MOSY) reported total net revenue of $3.50M for the first quarter of 2019, consistent with the fourth quarter of 2018 and contrast with $4.20M for the first quarter of 2018. Product revenue for the first quarter was $3.40M, contrast with $3.20M in the fourth quarter of 2018 and $3.70M in the year ago period, reflecting a sequential increase in IC shipments to multiple design win customers.

Total operating expenses on a GAAP basis for the first quarter of 2019 were $2.10M, contrast with $11.70M in the fourth quarter of 2018, which included a goodwill impairment charge of $9.70M, and $2.00M in the first quarter of 2018. Total operating expenses, excluding stock-based compensation expenses, amortization of intangible assets and goodwill impairment charges, for the first quarter of 2019 were $2.10M, contrast with $1.70M in the fourth quarter of 2018 and $1.90M in the first quarter of 2018.

GAAP net income for the first quarter of 2019 was $10.0K, or $0.00 per diluted share, contrast with a net loss of $9.30M, or ($0.25) per share, for the previous quarter and net income of $0.30M, or $0.04 per diluted share, for the first quarter of 2018. Non-GAAP net income for the first quarter of 2019 was $6.0K, or $0.00 per diluted share, contrast with $0.70M, or $0.01 per diluted share, for the previous quarter and $0.50M, or $0.06 per share, in the first quarter of 2018. Adjusted EBITDA for the first quarter of 2019 was a positive $0.10M, and contrast with $0.90M for each of the fourth quarter of 2018 and the first quarter of 2018.

At March 31, 2019, the Company had $6.30M in cash and investments, a $0.80M decrease from December 31, 2018. The decrease in cash and investments reflected the return of $0.30M of customer prepayments and was influenced by timing of customer shipments in the first quarter of 2019. The Company has now accomplished repayment of all customer prepayments.

At March 31, 2019, the Company had 43.139M shares of common stock outstanding, which excludes 2.310M shares of common stock issuable upon the exercise of pre-funded warrants.

The Company offered net profit margin of -84.60% while its gross profit margin was 61.80%. ROE was recorded as -178.20% while beta factor was 1.24. The stock, as of recent close, has shown the weekly downbeat performance of -2.86% which was maintained at -28.44% in this year.

About the Author

Donna Pate
Donna Pate
I am Donna Pate and I give “News Description” an insight into the most recent news hitting the “Technology” sector in Wall Street. I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community. Address: 4140 Shadowmar Drive Metairie, LA 70006, USA Phone: (+1) 504-779-3428 Email: [email protected]

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