Magma Beats Revenue and Earnings Guidance for Second Quarter, Reports Revenue of $36.5 Million

-------- -------- -------- --------
Gross profit 24,106 41,519 57,518 79,090
-------- -------- -------- --------

Operating expenses:
Research and
development
19,047 18,355 39,180 37,025
In-process
research and
development -- 656 -- 656
Sales and
marketing 15,474 18,645 32,277 35,547
General and
administrative 6,743 7,533 13,695 15,867
Amortization of
intangible
assets 838 2,039 2,282 4,066
Restructuring
charge 3,307 -- 5,327 291
-------- -------- -------- --------
Total operating
expenses 45,409 47,228 92,761 93,452
-------- -------- -------- --------
(21,303) (5,709) (35,243) (14,362)
-------- -------- -------- --------

Other income (expense):

Interest income 193 489 379 948
Interest expense (692) (599) (1,313) (1,256)
Other income
(expense), net (974) 796 (1,070) 69
-------- -------- -------- --------
Total other
income,
(expense) net (1,473) 686 (2,004) (239)
-------- -------- -------- --------
Net loss before
income taxes (22,776) (5,023) (37,247) (14,601)
Provision for
income taxes 3,130 1,372 3,569 3,063
-------- -------- -------- --------
Net loss $(25,906) $ (6,395) $(40,816) $(17,664)
======== ======== ======== ========
Net loss per
share - basic
and diluted $
(0.59) $ (0.16) $ (0.94) $ (0.45)
======== ======== ======== ========
Shares used in
calculation:
Basic and diluted 43,908 39,919 43,647 39,383
======== ======== ======== ========


Reconciliation of Second Quarter GAAP and
Non-GAAP Financial Results

Statement of Operations Reconciliation
(in thousands)

Three Months Ended Six Months Ended
Nov. 2, Sept. 30, Nov. 2, Sept. 30,
2008 2007 2008 2007

GAAP net loss $(25,906) $ (6,395) $(40,816) $(17,664)
Cost of license revenue
Amortization of
developed technology 4,804 4,089 9,457 9,301
Acquisition-related
and other expenses --

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7  Next Page »
Featured Video
Editorial
Jobs
Senior Principal Mechanical Engineer for General Dynamics Mission Systems at Canonsburg, Pennsylvania
GEOGRAPHIC INFORMATION SYSTEM (GIS) COORDINATOR for Lassen County at Susanville, California
Geodetic Analyst, GIS Center (1282) for Idaho State University at Pocatello, Idaho
GIS Analyst for San Bernardino County Transportation Authority at San Bernardino, California
Upcoming Events
IMTS 2024 – The International Manufacturing Technology Show at McCormick Place 2301 S Lake Shore Dr Chicago IL - Sep 9 - 14, 2024
FABTECH Orlando 2024 at Orange County Convention Center Orlando FL - Oct 15 - 17, 2024
TIMTOS 2025 at Nangang Exhibition Center Hall 1 & 2 (TaiNEX 1 & 2) TWTC Hall Taipei Taiwan - Mar 3 - 8, 2025



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise