MoSys (MOSY) Releases Earnings Results, Misses Expectations By $-0.01 EPS

MoSys (MOSY) reported quarterly earnings results on Friday, Jul-29-2016. The company reported $-0.08 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $-0.07. The company posted revenue of $1.60 million in the period, compared to analysts expectations of $1.79 million. The company’s revenue was up 60.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.09 EPS.

MoSys closed down -0.01 points or -1.92% at $0.51 with 55,538 shares getting traded on Thursday. Post opening the session at $0.5206, the shares hit an intraday low of $0.51 and an intraday high of $0.54 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Jun 17, 2016, Leonard Charles Perham (CEO) purchased 14,902 shares at $0.38 per share price. According to the SEC, on Jun 9, 2015, Tommy Eng (director) sold 20,000 shares at $2.16 per share price. On Jun 9, 2015, Chi-ping Hsu (director) sold 20,000 shares at $2.12 per share price, according to the Form-4 filing with the securities and exchange commission.

MoSys Inc. (MoSys) together with its subsidiaries is a fabless semiconductor company focused on the development and sale of integrated circuits (ICs) for the high-speed networking communications storage and computing markets. The Company has developed two IC product lines under the Bandwidth Engine and LineSpeed product names. Bandwidth Engine ICs combine the Company’s 1T-SRAM high-density embedded memory integrated macro functions and high-speed serial interface (I/O). The LineSpeed IC product line consists of non-memory high-speed SerDes I/O devices with gearbox and retimer functionality which convert lanes of data received on line cards or by optical modules into different configurations. These ICs are designed for next generation Ethernet and optical transport network applications. The Company has developed the GigaChip Interface (GCI) which is an open-interface transport protocol optimized for efficient chip-to-chip communications.


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