AP NEWS

MoSys: 3Q Earnings Snapshot

November 6, 2019 GMT

SAN JOSE, Calif. (AP) _ MoSys Inc. (MOSY) on Wednesday reported a loss of $1.8 million in its third quarter.

The San Jose, California-based company said it had a loss of 83 cents per share. Losses, adjusted for asset impairment costs and stock option expense, came to 60 cents per share.

The semiconductor technology company posted revenue of $1.2 million in the period.

For the current quarter ending in December, MoSys said it expects revenue in the range of $1.9 million to $2.2 million.

In the final minutes of trading on Wednesday, the company’s shares hit $2.24. A year ago, they were trading at $5.38.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MOSY at https://www.zacks.com/ap/MOSY