EZchip Announces Record Second Quarter 2015 Results: Q2 Revenues Increase 28% Year-Over-Year To $28.3 Million

 

 

 EZchip Semiconductor Ltd.

Reconciliation of GAAP to Non-GAAP Measures

(U.S. Dollars in thousands, except per share amounts)

(Unaudited)








Three Months Ended


Six Months Ended



June 30,


March 31,


June 30,


June 30,


June 30,



2015


2015


2014


2015


2014












GAAP gross profit


$       21,354


$       9,197


$       17,802


$       30,551


$       34,302

Stock-based compensation


102


103


76


205


150

Amortization of purchased intangible assets


233


973


--


1,206


--

Repayment of OCS grants*


--


9,636


--


9,636


--

Non-GAAP gross profit


$      21,689


$      19,909


$      17,878


$       41,598


$       34,452












GAAP gross profit as percentage of revenues


75.5%


34.2%


80.5%


55.4%


80.9%

Non-GAAP gross profit as percentage of revenues


76.7%


74.0%


80.9%


75.4%


81.3%























GAAP operating expenses


$       16,422


$       17,754


$       11,872


$       34,176


$       22,746

Stock-based compensation:











    Research and development


(2,996)


(2,934)


(2,421)


(5,930)


(4,688)

    Selling, general and administrative


(1,787)


(1,765)


(1,652)


(3,552)


(3,236)

Acquisition related costs











    Selling, general and administrative


--


--


(660)


--


(660)

Amortization of purchased intangible assets - Selling, general and administrative


(347)


(347)


--


(694)


--

Non-GAAP operating expenses


$       11,292


$       12,708


$         7,139


$       24,000


$       14,162























GAAP operating income (loss)


$         4,932


$      (8,557)


$         5,930


$      (3,625)


$       11,556












Non-GAAP operating income


$       10,397


$         7,201


$       10,739


$       17,598


$       20,290












GAAP net income (loss)


$         5,419


$      (8,266)


$         6,214


$      (2,847)


$       12,300

Stock-based compensation


4,885


4,802


4,149


9,687


8,074

Acquisition related costs


--


--


660


--


660

Amortization of purchased intangible assets


580


1,320


--


1,900


--

Repayment of OCS grants*


--


9,636


--


9,636


--

Non-GAAP net income


$       10,884


$        7,492


$       11,023


$       18,376


$       21,034












Non-GAAP net income per share - Diluted


$          0.34


$          0.24


$          0.36


$           0.58


$           0.69

Non-GAAP weighted average shares - Diluted**


31,811,176


31,601,170


30,774,136


31,689,825


30,637,994


« Previous Page 1 | 2 | 3 | 4 | 5 | 6  Next Page »



Review Article Be the first to review this article
Trimble Catalyst

Harris

Featured Video
Jobs
Lead Geospatial Analyst for Alion at McLean, VA
Senior Mechanical Engineer for Verb Surgical at Mountain View, CA
Industrial Designer Intern – Spring 2017 for Nvidia at Santa Clara, CA
CAD Systems Administrator for KLA-Tencor at Milpitas, CA
Principal Research Mechatronics Engineer for Verb Surgical at Mountain View, CA
Upcoming Events
Houston Regions GIS Expo 2017 at 6922 Katy Road Houston TX - Mar 23, 2017
Connected Cities USA at Chicago IL - Mar 29 - 30, 2017
GeoDATA 2017 All-Ireland Showcase at Croke Park Jones' Road Dublin Ireland - Mar 30, 2017
GENEQ
Teledyne:
GEOINT2017
CADalog.com - Countless CAD add-ons, plug-ins and more.



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy