Home Trending Stocks Why MoSys Inc. (MOSY) stock could not keep its positive momentum in...

Why MoSys Inc. (MOSY) stock could not keep its positive momentum in the after-hours on Friday?

MoSys Inc. (MOSY) stock surged 50.52% to close Friday’s session at $4.35. But it could not keep the streak going on in the after-market session and lost 5.98% to close the week at $4.09 per share. MOSY shares have risen 195.92% over the last 12 months, and they have moved up by 32.62% in the past week. Over the past three months, the stock has lost 14.71%, while over the past six months, it has surged 210.71%.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Let’s try to find out the reasons behind its loss and gains on Friday.

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

Recent financial result announcement

On May 6, 2021, MoSys Inc reported its financial results for the first quarter ended March 31, 2021.

Read More

Q1 2021 financial highlights

  • MoSys reported net revenue of $1.3 million for Q1 2021, which is the same compared to the first quarter of 2020.
  • The gross margin for the first quarter of 2021 was 63%, compared with 58% for the first quarter of 2020.
  • Total GAAP operating expenses were $2.2 million for Q1 2021, compared with GAAP operating expenses of $2.1 million in the first quarter of 2020.
  • The company suffered a GAAP net loss of $1.4 million, or $0.28 per share in Q1 2021, compared with a net loss of $1.4 million, or $0.61 per share, for the first quarter of 2020.
  • Non-GAAP net loss for the first quarter of 2021 was $1.3 million, or $0.28 per share, compared with a net loss of $1.3 million, or $0.58 per share, for the first quarter of 2020.
  • Adjusted EBITDA for the first quarter of 2021 was -$1.3 million, compared to negative $1.2 million for the first quarter of 2020.
  • MoSys had cash and investments of $11.1 million as of March 31, 2021.

Expandingpatent portfolio

On April 12, 2021, MoSys Inc expanded its patent portfolio by purchasing five patents in the area of search and classification algorithms.

Q4 and FY2020 financial results announcement

On March 4, 2021, MoSys Inc released financial results for the fourth quarter and the fiscal year ended December 31, 2020.

Q4 financial highlights

  • MoSysreported total net revenue of $1.6 million for the fourth quarter of 2020compared with $ $2.3 million for the fourth quarter of 2019.
  • The gross margin for Q4 2020 was 68%, compared with 59% for the fourth quarter of 2019.
  • Total GAAP operating expenses were $2.0 million in Q4 2020 which were the same in Q4 2019.
  • The company suffered a GAAP net loss of $1.0 million, or $0.29 per share in Q4 2020 compared with a net loss of $0.7 million, or $0.31 per share, for the fourth quarter of 2019.
  • Q4 2020 adjusted EBITDA was a negative $0.9 million, compared with a negative $0.5 million for the fourth quarter of 2019.

    Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Conclusion

MoSys exceptional gain and minor loss of Friday had no reason. We were unable to find any recent news which could be linked to its mixed performance on Friday. we have to wait and see how MOST stock commences the new week trading on Monday.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Aprea Therapeutics Inc. (APRE) stock soars during current market trading. What’s the update?

Aprea Therapeutics Inc. (NASDAQ: APRE) stock gained by 41.03% at the last check in the current market trading. Aprea Therapeutics is a pharmaceutical business...

Roblox Corp. (NASDAQ: RBLX) stock falls during pre-market trading session. What’s happening?

Roblox Corp. (NASDAQ: RBLX) stock gained by 2.28% at last close while the RBLX stock price declines by 8.13% in the pre-market trading session....

Can-Fite BioPharma Inc. (CANF) stock soars during current market. Why so?

Can-Fite BioPharma Inc. (NASDAQ: CANF) stock gained by 4.42% in the current market trading session. Can-Fite BioPharma Ltd. is a medication research company in...

UXIN stock surges during current market. Here’s to know why?

Uxin Ltd. (NASDAQ: UXIN) stock gains by 14.67% at last check during current market trading. In China, Uxin Limited is a prominent online used...

Opgen Inc. (OPGN) stock surged during pre-market session. What’s driving it high?

Opgen Inc. (NASDAQ: OPGN) stock declined by 1.84% at the last close whereas the OPGN stock price gains by 22.07% in the pre-market trading...

Aprea Therapeutics Inc. (APRE) stock soars during current market trading. What’s the update?

Aprea Therapeutics Inc. (NASDAQ: APRE) stock gained by 41.03% at the last check in the current market trading. Aprea Therapeutics is a pharmaceutical business...

TAL Education Group (TAL) stock is tumbling today: What’s Going on?

Shares of the TAL Education Group (TAL) stock were tumbling in the current market trading session today on June 16, 2021, without any obvious...

SPI Energy Inc. (SPI) stock surged in the current market trading. Here’s the update

SPI Energy Inc. (NASDAQ: SPI) stock soars by 15.42% during the current market trading session. SPI Energy is an international renewable energy company that...

Related News

Aprea Therapeutics Inc. (APRE) stock soars during current market trading. What’s the update?

Aprea Therapeutics Inc. (NASDAQ: APRE) stock gained by 41.03% at the last check in the current market trading. Aprea Therapeutics is a pharmaceutical business...

Roblox Corp. (NASDAQ: RBLX) stock falls during pre-market trading session. What’s happening?

Roblox Corp. (NASDAQ: RBLX) stock gained by 2.28% at last close while the RBLX stock price declines by 8.13% in the pre-market trading session....

Can-Fite BioPharma Inc. (CANF) stock soars during current market. Why so?

Can-Fite BioPharma Inc. (NASDAQ: CANF) stock gained by 4.42% in the current market trading session. Can-Fite BioPharma Ltd. is a medication research company in...

UXIN stock surges during current market. Here’s to know why?

Uxin Ltd. (NASDAQ: UXIN) stock gains by 14.67% at last check during current market trading. In China, Uxin Limited is a prominent online used...

Opgen Inc. (OPGN) stock surged during pre-market session. What’s driving it high?

Opgen Inc. (NASDAQ: OPGN) stock declined by 1.84% at the last close whereas the OPGN stock price gains by 22.07% in the pre-market trading...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam