Rambus(US:RMBS)2022-05-03 18:56Financial Performance - Rambus exceeded Q1 revenue guidance and delivered earnings at the high end of expectations[3, 7, 9] - Q1 2022 revenue reached $99 million[10], compared to $70.4 million in Q1 2021[10], representing approximately a 40% increase - The company generated $42.6 million in cash from operations in Q1 2022[7, 9, 10, 12] - Record product revenue of $48 million was achieved in Q1 2022, primarily from memory interface chips[7, 9] Balance Sheet - The company retired over 70% of convertible debt, limiting liability as the company grows[9] - Total cash and marketable securities were $343.7 million in Q1 2022[12] - Total assets amounted to $1060.9 million in Q1 2022[12] Q2 2022 Outlook (Non-GAAP) - Licensing billings are projected to be between $61 million and $67 million[13] - Product revenue is expected to be in the range of $49 million to $55 million[13] - Total operating costs are forecasted to be between $75 million and $79 million[13]