Press release
Rambus Reports Fourth Quarter and Fiscal Year 2021 Financial Results
Achieved excellent Q4 results, exceeding guidance for revenue and profitability Produced record annual product revenue of $143.9 million driven by memory
About this update from Rambus, Inc.
[{"type":"text","content":"\n\nAchieved excellent Q4 results, exceeding guidance for revenue and profitability\n\n\nProduced record annual product revenue of $143.9 million driven by memory interface chips, up 26% year over year\n\n\nGenerated record cash from operations of $209.2 million for full year 2021, with $72.2 million generated in Q4\n\n\n SAN JOSE, Calif.--(BUSINESS WIRE)--\nRambus Inc. (NASDAQ:RMBS), a provider of industry-leading chips and IP making data faster and safer, today reported financial results for the fourth quarter ended December 31, 2021. GAAP revenue for the fourth quarter was $91.8 million; licensing billings were $66.6 million, product revenue was $45.3 million, and contract and other revenue was $13.6 million. The Company also generated $72.2 million in cash provided by operating activities in the fourth quarter, setting an annual record of $209.2 million for the full year 2021.\n\n“Rambus delivered an outstanding fourth quarter contributing to an exceptionally good year, driven by excellent execution and record product revenue,” said Luc Seraphin, chief executive officer of Rambus. “The record cash generation fuels our ongoing strategic investment in scaling the business, returning value to stockholders, and extending our product roadmap to enable continued profitable growth.”\n\n\n\nQuarterly Financial Review - GAAP\n\n\n\nThree Months Ended\nDecember 31,\n\n\n\n\n\n(In millions, except for percentages and per share amounts)\n\n\n\n2021\n\n\n\n \n\n\n\n2020\n\n\n\n\n\nRevenue\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nProduct revenue\n\n\n\n$\n\n\n\n45.3\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n21.8\n\n\n\n \n\n\n\n\n\nRoyalties\n\n\n\n \n\n\n\n32.9\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n27.7\n\n\n\n \n\n\n\n\n\nContract and other revenue\n\n\n\n \n\n\n\n13.6\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n12.4\n\n\n\n \n\n\n\n\n\nTotal revenue\n\n\n\n$\n\n\n\n91.8\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n61.9\n\n\n\n \n\n\n\n\n\nCost of product revenue\n\n\n\n$\n\n\n\n13.4\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n7.5\n\n\n\n \n\n\n\n\n\nCost of contract and other revenue\n\n\n\n$\n\n\n\n0.7\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n1.6\n\n\n\n \n\n\n\n\n\nAmortization of acquired intangible assets (included in total cost of revenue)\n\n\n\n$\n\n\n\n3.6\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n4.3\n\n\n\n \n\n\n\n\n\nTotal operating expenses (1)\n\n\n\n$\n\n\n\n65.1\n\n\n\n \n\n\n\n ...