Rambus Q3 2021: GAAP revenue $81.3M, record product revenue $36.7M, net income positive

RAMBUS INC

2021-Q3 EPS reported $0.11 revenue$236,523,000

GAAP revenue $81.3M (+43% YoY); GAAP diluted EPS $0.03 vs. ($0.11) loss in Q3 2020.
Record product revenue of $36.7M from memory interface chips; licensing billings $66.1M.
Closed acquisitions of AnalogX and PLDA during quarter for $97.1M net of cash acquired.
Operating cash flow $46.0M; cash and marketable securities $419.7M at quarter end.
Q4 2021 guidance: licensing billings $62-68M, product revenue $40-46M, non-GAAP op. costs $68-64M.

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