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Article: Rambus Reports First Quarter Earnings; Record Revenue of $47.2 Million, Up 19% From the First Quarter Last Year; GAAP Net Income of $1.8 Million, Which Includes $5.2 Million of After Tax Stock-Based Compensation.
- Article from:
- Business Wire
- Article date:
- April 19, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LOS ALTOS, Calif. -- Rambus Inc. (Nasdaq:RMBS), one of the world's premier technology licensing companies specializing in high-speed chip interfaces, today reported financial results for the first quarter of 2006.
The new format of this release reflects that effective the first quarter of 2006, Rambus began recognizing stock-based compensation pursuant to the provisions of FAS 123(R), which require that stock-based compensation to employees be recognized over the period in which an employee is required to provide service in exchange for the award. The stock-based compensation recognized on the Statement of Operations is a non-cash expense. The Company derives the ...