|Excerpt from: MoSys, Inc. Reports Third Quarter 2017 Financial Results|
(MOSY supplies a special version of their Bandwidth Engine 2 to EzChip [pre-MLNX])
“Our revenue growth in the third quarter was primarily driven by increased shipments to our largest Bandwidth Engine 2 customers. More specifically, the design wins with our lead security-appliance customer entered production in early 2017, and have been a significant driver of our increased revenue this past year. As part of our close collaboration with our lead customers, we have developed a solid backlog that extends out through 2018. Our design win platforms are highly differentiated and have long life cycles; therefore, we expect customer production shipments for current design wins to continue over the next five to seven years. The orders received to date and visibility provided by our lead customers validate the significance of our design wins and the value that our technology brings to our customers’ products. We believe that we have a high level of predictability for our continued revenue ramp for the fourth quarter of 2017, as well as for our base revenue run rates for 2018.”
Based on current order backlog and customer forecasts, we expect increased revenue in the fourth quarter and anticipate revenue growth in excess of 60% in 2018.