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MoSys, Inc. (NASDAQ:MOSY) reported its financial results for Q4 and fiscal year 2020, revealing a total net revenue of $1.6 million, down from $2.0 million in Q3 and $2.3 million YoY. Product revenue decreased to $1.4 million due to shipment delays. Despite a gross margin improvement to 68%, the company faced a net loss of $1.0 million for the quarter, compared to a loss of $0.7 million in the previous quarter. As of March 4, 2021, cash and investments stood at $11.6 million, following a $9.3 million cash inflow from stock offerings. Guidance for Q1 2021 revenue is projected between $1.4 million and $1.6 million.
MoSys (NASDAQ:MOSY) has announced that its LineSpeed Flex 100G PHY IC devices are now available at a competitive price of under $50 per unit in high volumes. This product launch is expected to enhance the company's position in the growing 100Gb Ethernet market as demand rises for optical transceiver modules in cloud and enterprise settings. The LineSpeed Flex family offers essential functionalities for varied data rates and standards, reinforcing MoSys's commitment to supporting both large and small customers with robust solutions.
MoSys, Inc. (NASDAQ:MOSY) has announced a definitive agreement with institutional investors to sell 1,487,601 shares at $5.00 each, totaling approximately $7.4 million in gross proceeds. The offering is a registered direct offering under Nasdaq rules and is anticipated to close on or about February 19, 2021. Funds will be utilized for working capital, debt repayment, and general corporate purposes. The offering is conducted under an effective shelf registration statement and will comply with SEC regulations.
MoSys, Inc. (NASDAQ:MOSY) has announced a partnership with Arrow Electronics to distribute its QPR Memory and Bandwidth Engine memory products for use with Intel and Xilinx FPGAs. This collaboration aims to enhance system performance by eliminating device bottlenecks, reducing power consumption, and optimizing board space. MoSys claims its memory solutions can offer up to 8 times the density of traditional QDR memory while significantly lowering costs. A webinar is set for February 3, 2021, to showcase how these products can simplify design processes.
MoSys, Inc. (NASDAQ:MOSY) reported its Q3 2020 financial results, with total net revenue at $2.0 million, unchanged from Q2 2020 and a significant increase from $1.2 million in Q3 2019. Product revenue rose to $1.8 million, reflecting higher shipments of Bandwidth Engine products. Gross margin slightly decreased to 66%. The GAAP net loss was $0.7 million, or $0.20 per share, an improvement from Q2 2020. The company anticipates Q4 2020 revenue between $1.3 million and $1.6 million.
MoSys, Inc. (NASDAQ:MOSY) has announced a new sample program for its QUAZAR QPR family of SRAM Memory ICs in collaboration with Digi-Key Electronics. This program aims to accelerate FPGA designs by providing low-cost, high-performance quad partition rate solutions, consolidating the functionality of multiple QDR SRAMs into a single device. The QUAZAR products, which include 576Mb and 1Gb memory options, offer competitive pricing and enhanced performance for various applications, particularly in 5G and AI/IoT sectors. The collaboration is expected to drive further adoption and market reach for MoSys’s advanced memory solutions.