MoSys, Inc. Announces First Quarter 2021 Financial Results
SAN JOSE, CA / ACCESSWIRE / May 6, 2021 / MoSys, Inc. (NASDAQ:MOSY) ( MoSys or the Company ), a provider of semiconductor solutions that enable fast, intelligent data access for cloud, networking, security and communications systems, today announced financial results for the first quarter ended March 31, 2021.
First Quarter 2021 Financial Results
Total net revenue for the first quarter of 2021 was $1.3 million, compared with $1.6 million for the previous quarter and $1.3 million for the first quarter of 2020. Product revenue for the first quarter of 2021 was $1.2 million, compared with $1.4 million in the previous quarter and $1.1 million in the year ago period. The quarter-over-quarter decrease in revenue reflected lower shipments of Bandwidth Engine® products and reduced royalties from 1T-SRAM licensees.
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