Rambus Q1 2022 Earnings Report
Key Takeaways
Rambus delivered a strong first quarter with record product revenue of $48.0 million, driven by memory interface chips. The company generated $42.6 million in cash from operations and strengthened its balance sheet by retiring debt.
Exceeded Q1 guidance for revenue.
Delivered record quarterly product revenue of $48.0 million driven by memory interface chips.
Strengthened balance sheet by retiring debt.
Generated $42.6 million in cash from operations.
Rambus
Rambus
Rambus Revenue by Segment
Forward Guidance
For the second quarter of 2022, the Company expects licensing billings to be between $61 million and $67 million. The Company also expects royalty revenue to be between $42 million and $48 million, product revenue to be between $49 million and $55 million and contract and other revenue to be between $18 million and $24 million. Revenue is not without risk and achieving revenue in this range will require that the Company sign customer agreements for various product sales, solutions licensing among other matters.
Positive Outlook
- Licensing billings between $61 million and $67 million.
- Royalty revenue between $42 million and $48 million.
- Product revenue between $49 million and $55 million.
- Contract and other revenue between $18 million and $24 million.
Challenges Ahead
- Revenue is not without risk.
- Achieving revenue in this range will require that the Company sign customer agreements for various product sales, solutions licensing among other matters.
- Operating costs and expenses to be between $92 million and $88 million.
- Non-GAAP operating costs and expenses to be between $79 million and $75 million.
- Non-GAAP interest and other income (expense), net, of ($1 million).
Revenue & Expenses
Visualization of income flow from segment revenue to net income