Virage Logic Corporation | |||
Condensed Consolidated Statements of Operations | |||
(In thousands, except per-share amounts) | |||
(Unaudited) | |||
For the Three Months Ended | |||
December 31, | |||
2008 | 2007 | ||
Revenues: |
|||
License and maintenance | $8,501 | $10,761 | |
Royalties | 2,848 | 3,299 | |
Total revenues |
11,349 | 14,060 | |
Cost and expenses: | |||
Cost of revenues |
2,569 | 2,447 | |
Research and development | 9,019 | 5,858 | |
Sales and marketing | 2,667 | 3,593 | |
General and administrative | 2,121 | 1,775 | |
Restructuring | - | (3) | |
Total cost and expenses | 16,376 | 13,670 | |
Operating income (loss) |
(5,027) | 390 | |
Interest income and other expenses, net | 648 | 1,167 | |
Income (loss) before income taxes |
(4,379) | 1,557 | |
Income tax provision (benefit) |
(1,768) | 465 | |
Net income (loss) |
($2,611) | $1,092 | |
Net income (loss) per share: |
|||
Basic | ($0.11) | $0.05 | |
Diluted | ($0.11) | $0.05 | |
Shares used in computing per share amounts: | |||
Basic | 22,936 | 23,419 | |
Diluted | 22,936 | 23,733 |