Rambus Inc Del Stock Price, News & Analysis

Rambus Inc. has appointed Steven Laub to its Board of Directors, enhancing its leadership in the semiconductor industry. Laub brings over 25 years of executive experience, including significant roles at Atmel Corporation and IPV Capital. His expertise is expected to support Rambus's strategic goals as it aims to advance data performance and security technologies. Chairman Chuck Kissner expressed optimism about Laub's contributions to scaling the business.

Rambus Inc. (NASDAQ:RMBS) reported strong Q1 2022 financial results, exceeding revenue guidance with total revenue of $99.0 million. The product revenue reached a record $48.0 million, driven by robust demand in the data center sector. The company's cash from operations stood at $42.6 million, and it successfully retired debt, strengthening its balance sheet. However, there was a significant net loss of $66.2 million, leading to a diluted net loss per share of $0.60. Second quarter guidance will be discussed in an upcoming call, with licensing billings projected between $61 - $67 million.

Rambus Inc. (NASDAQ: RMBS) will host a conference call on May 2, 2022, at 2:00 p.m. Pacific Time to discuss its first quarter fiscal year 2022 results. The call will be webcast, accessible via the company’s investor relations website. Following the call, a replay will be available for one week at specified domestic and international numbers. Rambus specializes in high-performance chips and silicon IP, enhancing data speed and security for data-intensive applications.

Rambus Inc. (NASDAQ: RMBS) will present at the GOMACTech 2022 conference, focusing on a new anti-tamper technique for circuits. On March 24 from 10:30 am to Noon ET, director Scott Best will unveil a poster on mitigating fault-injection attacks. Additionally, Rambus will showcase new security IP products like the Root of Trust RT-1660 and Inline Memory Encryption Engine, designed for critical government applications. The event takes place at the Hyatt Regency in Miami, FL from March 21-24, 2022.

Rambus Inc. (NASDAQ: RMBS) announced that James Mitarotonda will step down from the Board of Directors post the 2022 annual meeting but will serve as a consulting advisor for a year. Rambus' chairman acknowledged his valuable contributions, expressing confidence in the company's growth in data center and cloud computing markets. The current standstill agreement with Mitarotonda and Barington Capital Group will be extended through the 2023 annual meeting. Rambus continues to focus on enhancing data throughput and security across its semiconductor products.

Rambus Inc. has announced that its RT-640 Embedded Hardware Security Module (HSM) has received ASIL-B certification under ISO 26262, a key requirement for automotive manufacturers. This certification ensures that vehicle electronic systems meet essential safety standards, particularly in Advanced Driver Assistance Systems (ADAS). The RT-640 HSM accelerates achieving functional safety, offering proven security IP and multiple design wins globally. Rambus maintains a leading position in security IP, with nearly 200 design wins in the last three years, covering applications from consumer IoT to defense electronics.

Flow, a provider of private market software solutions, has secured a $20 million Series A funding round led by SVB Financial Group. The funding will accelerate product development and enhance services for fund managers and their networks. Flow's platform manages over $5 billion in assets and has seen an ARR growth of more than 250% year-over-year. The private market has outperformed public markets in capital raises, highlighting the demand for Flow's innovative solutions that simplify fund management.

Rambus Inc. (NASDAQ:RMBS) reported strong Q4 2021 results, with revenue of $91.8 million, exceeding guidance.

Annual product revenue reached a record $143.9 million, up 26% year-over-year.

Operating cash flow for the full year was $209.2 million, with $72.2 million generated in Q4. The company reported a net income of $6.1 million for Q4 and $0.05 diluted earnings per share.

Looking forward, Rambus issued Q1 2022 revenue guidance of $43-$49 million for product revenue.

Impinj, Inc. (NASDAQ: PI) has announced leadership changes, appointing Steve Sanghi as Board Chair after Peter van Oppen's term ends. Van Oppen will not seek reelection after eight years of service. Meera Rao has been added to the board, bringing over 25 years of experience in the semiconductor industry. Rao expressed her enthusiasm for joining Impinj during a crucial growth phase. Board Member Theresa Wise will also not seek reelection, reducing the board size to seven members. CEO Chris Diorio praised the contributions of the outgoing members.