MoSys Beats on Q4 Revenue, but Net Lags
MoSys reported Q4 and 2012 results today. For the quarter, the firm's net revenue was $1.6 million, significantly lower than the $5.2 million of Q4 2011, but higher than analyst expectations of around $1.4 million. Bottom line was a loss of $6.7 million ($0.17 per share) on a non-GAAP basis, against a profit of $31.7 million ($0.80) in the year-ago quarter. Analysts had anticipated a loss of $0.15 per share for the period.
For the full year, MoSys posted $6.1 million in revenue. This was less than half of 2011's top line of $14.1 million. Net loss was $27.6 million ($0.70 per share), against the prior year's profit of $11.3 million ($0.28).
The article MoSys Beats on Q4 Revenue, but Net Lags originally appeared on Fool.com.Fool contributor Eric Volkman has no position in MoSys. The Motley Fool has no position in MoSys. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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