Replies to post #520 on MoSys Inc. (MOSY)

[hweb2]

Problem is MOSY won't be profitable starting in Q4 when revenues decline sharply due to the loss of that large customer.

From the Q2 earnings PR:

“While we are pleased with our financial performance during the second quarter, unfortunately, we were recently informed by a large customer that it will be phasing out our Bandwidth Engine IC products over the next 24 months. The customer informed us that its decision was not attributable to any dissatisfaction with the Company’s products or performance. We expect to fulfill the customer’s remaining commitments and complete shipments of our Bandwidth Engine IC products to this customer in the first half of 2019. The loss of future business with this customer is expected to result in a material reduction in our revenue outlook beginning in the fourth quarter of 2018. Even when taking this into account, we still expect to grow revenue in excess of 75% in 2018 and achieve non-GAAP profitability for the full year.”