pSemi revenue was $202.32 m in FY, 2013

## Founding Date | 1990 |

## Total Funding | $92.1 m |

## Investors | Intel Capital, Apax Partners, Morgenthaler Ventures, Technology Venture Partners, Newlight Management, CSK Venture Capital, Needham Capital Partners, Australasian Media and Communications Fund, Wasserstein & Co., CDIB Ventures, Roser Ventures |

In total, pSemi had raised $92.1 m. pSemi is a subsidiary of Murata Manufacturing

USD | FY, 2012 | FY, 2013 |
---|---|---|

## Revenue | 203.9m | 202.3m |

## Cost of goods sold | 124.1m | 120.9m |

## Gross profit | 79.8m | 81.4m |

| 39% | 40% |

## Sales and marketing expense | 288.0k | |

## R&D expense | 34.1m | 42.2m |

## General and administrative expense | 37.0m | 43.1m |

## Operating expense total | 71.1m | 85.3m |

## EBIT | 8.7m | (3.9m) |

| 4% | (2%) |

## Interest expense | 1.4m | 130.0k |

## Pre tax profit | 7.2m | (4.0m) |

## Income tax expense | (88.0k) | 67.0k |

## Net Income | 7.3m | (4.1m) |

USD | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 |
---|---|---|---|---|---|---|---|

## Revenue | 60.6m | 46.6m | 52.4m | 60.0m | 41.3m | 47.1m | 43.1m |

## Cost of goods sold | 35.6m | 26.8m | 31.6m | 34.7m | 26.6m | 29.0m | 26.0m |

## Gross profit | 25.0m | 19.8m | 20.7m | 25.3m | 14.7m | 18.1m | 17.1m |

| 41% | 43% | 40% | 42% | 36% | 38% | 40% |

## R&D expense | 9.4m | 10.2m | 10.5m | 10.8m | 11.4m | 9.1m | 9.3m |

## General and administrative expense | 11.0m | 10.7m | 10.6m | 10.2m | 13.4m | 14.9m | 11.1m |

## Operating expense total | 20.3m | 20.9m | 21.0m | 21.0m | 24.7m | 24.0m | 20.3m |

## EBIT | 4.7m | (1.1m) | (314.0k) | 4.3m | (10.0m) | (5.9m) | (3.3m) |

| 8% | (2%) | (1%) | 7% | (24%) | (13%) | (8%) |

## Interest expense | 213.0k | 79.0k | 59.0k | 27.0k | 35.0k | 33.0k | 54.0k |

## Pre tax profit | 4.4m | (1.2m) | (388.0k) | 4.3m | (9.9m) | (5.8m) | (3.2m) |

## Income tax expense | (308.0k) | 28.0k | 60.0k | (95.0k) | 44.0k | 117.0k | (63.0k) |

## Net Income | 4.7m | (1.2m) | (448.0k) | 4.4m | (10.0m) | (6.0m) | (3.1m) |

USD | FY, 2012 | FY, 2013 |
---|---|---|

## Cash | 44.1m | 16.2m |

## Accounts Receivable | 13.4m | 16.9m |

## Prepaid Expenses | 11.1m | 4.1m |

## Inventories | 57.0m | 53.5m |

## Current Assets | 155.9m | 118.8m |

## PP&E | 22.9m | 23.1m |

## Total Assets | 197.9m | 160.9m |

## Accounts Payable | 22.3m | 13.0m |

## Short-term debt | 11.0k | |

## Current Liabilities | 77.9m | 36.4m |

## Long-term debt | 18.0k | |

## Total Debt | 29.0k | |

## Common Stock | 32.0k | 33.0k |

## Retained Earnings | (220.9m) | (225.0m) |

## Total Equity | 119.1m | 123.5m |

## Financial Leverage | 1.7 x | 1.3 x |

USD | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 |
---|---|---|---|---|---|---|---|

## Cash | 58.0m | 14.2m | 18.6m | 17.2m | 12.4m | 19.7m | 18.0m |

## Accounts Receivable | 21.8m | 12.1m | 20.1m | 18.3m | 17.8m | 18.2m | 14.4m |

## Prepaid Expenses | 8.0m | 6.5m | 7.3m | 8.0m | 7.2m | 5.6m | 3.3m |

## Inventories | 56.5m | 60.3m | 60.2m | 52.3m | 44.9m | 40.0m | 35.0m |

## Current Assets | 172.4m | 124.2m | 133.8m | 119.0m | 108.2m | 108.4m | 101.2m |

## PP&E | 20.3m | 23.2m | 23.7m | 23.4m | 21.5m | 20.4m | 19.9m |

## Total Assets | 214.0m | 164.2m | 168.3m | 165.2m | 150.4m | 152.9m | 152.5m |

## Accounts Payable | 30.1m | 15.3m | 15.9m | 12.5m | 11.8m | 13.8m | 10.2m |

## Short-term debt | 12.0k | 10.0k | 9.0k | 10.0k | |||

## Current Liabilities | 100.5m | 43.5m | 46.0m | 35.9m | 33.4m | 39.9m | 36.4m |

## Long-term debt | 22.0k | 13.0k | 21.0k | 18.0k | |||

## Total Debt | 34.0k | 23.0k | 30.0k | 10.0k | |||

## Common Stock | 32.0k | 32.0k | 32.0k | 33.0k | 33.0k | 33.0k | 34.0k |

## Additional Paid-in Capital | 344.1m | 346.8m | 351.3m | 353.3m | 358.0m | ||

## Retained Earnings | (226.6m) | (222.1m) | (222.6m) | (218.2m) | (235.0m) | (240.9m) | (244.1m) |

## Total Equity | 214.0m | 119.7m | 121.3m | 128.5m | 116.2m | 112.2m | 113.6m |

## Debt to Equity Ratio | 0 x | ||||||

## Debt to Assets Ratio | 0 x | ||||||

## Financial Leverage | 1 x | 1.4 x | 1.4 x | 1.3 x | 1.3 x | 1.4 x | 1.3 x |

USD | FY, 2012 | FY, 2013 |
---|---|---|

## Net Income | 7.3m | (4.1m) |

## Depreciation and Amortization | 4.6m | 6.6m |

## Accounts Receivable | (255.0k) | (3.6m) |

## Inventories | (27.2m) | 3.5m |

## Accounts Payable | 16.1m | (12.6m) |

## Cash From Operating Activities | 16.9m | (13.6m) |

## Purchases of PP&E | (17.2m) | (5.9m) |

## Cash From Investing Activities | (66.8m) | (3.9m) |

## Short-term Borrowings | (10.7m) | |

## Long-term Borrowings | (661.0k) | (37.0k) |

## Cash From Financing Activities | 81.9m | (10.3m) |

## Net Change in Cash | 32.0m | (27.9m) |

## Interest Paid | 388.0k | 3.0k |

## Income Taxes Paid | 119.0k | 149.0k |

USD | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 |
---|---|---|---|---|---|---|---|

## Net Income | 1.6m | (1.2m) | (1.7m) | 2.8m | (10.0m) | (16.0m) | (19.1m) |

## Depreciation and Amortization | 3.1m | 1.5m | 3.1m | 4.8m | 1.8m | 3.6m | 5.5m |

## Accounts Receivable | (8.7m) | (839.0k) | (6.8m) | (5.0m) | (767.0k) | (1.2m) | 2.6m |

## Inventories | (26.7m) | (3.4m) | (3.2m) | 4.7m | 8.6m | 13.6m | 18.6m |

## Accounts Payable | 21.6m | (15.6m) | (11.1m) | (16.1m) | (4.0m) | (338.0k) | (2.9m) |

## Cash From Operating Activities | 25.6m | (27.0m) | (28.3m) | (18.3m) | (4.0m) | 6.8m | 13.7m |

## Purchases of PP&E | (13.2m) | (1.9m) | (3.9m) | (5.3m) | (628.0k) | (891.0k) | (2.5m) |

## Cash From Investing Activities | (61.6m) | (408.0k) | 6.9m | (2.2m) | (350.0k) | (3.0m) | (14.4m) |

## Short-term Borrowings | (10.7m) | ||||||

## Long-term Borrowings | (661.0k) | (12.0k) | (7.0k) | ||||

## Cash From Financing Activities | 81.9m | (2.5m) | (4.2m) | (6.3m) | 525.0k | (245.0k) | 2.6m |

## Net Change in Cash | 45.9m | (29.9m) | (25.5m) | (26.9m) | (3.9m) | 3.5m | 1.8m |

USD | Q3, 2012 |
---|---|

## Financial Leverage | 1 x |