Rambus Q4 2019 Earnings Report
Key Takeaways
Rambus reported strong Q4 2019 financial results, with revenue towards the high end of guidance at $59.9 million and licensing billings of $63.8 million. The company generated $35.4 million in cash from operating activities during the quarter and expanded its product portfolio with the acquisition of Secure Silicon IP and Protocols business from Verimatrix.
Rambus exceeded expectations in Q4 2019, with GAAP revenue of $59.9 million.
Licensing billings were $63.8 million, product revenue was $26.6 million, and contract and other revenue was $13.9 million.
The company achieved record Q4 and full-year revenue for both the Memory Interface Chips and Silicon IP businesses.
Cash provided by operating activities was $35.4 million in Q4 and $128.5 million for the full year 2019, up 48% year over year.
Rambus
Rambus
Rambus Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income