Rambus(US:RMBS)2022-02-14 10:31Financial Performance Highlights - Rambus exceeded Q4 targets for revenue and profitability[7, 10] - The company generated record cash from operations of $2092 million for full year 2021, with $722 million generated in Q4[7] - Record product revenue of $453 million was achieved in Q4, driven by memory interface chips[7, 10] - Full year 2021 product revenue reached a record $1439 million, up 26% year-over-year[7] Strategic Initiatives and Outlook - Silicon IP continued run rate of over $100 million in bookings per year, with key design wins for HBM3, PCIe 50, CXL20, Root of Trust and MACsec[7] - Q1 2022 non-GAAP outlook includes licensing billings of $64 million - $70 million, product revenue of $43 million - $49 million, and total operating costs of $69 million - $73 million[14] Balance Sheet Strength - Total cash and marketable securities reached $4856 million in Q4 2021[13] Revenue Breakdown - Q4 2021 total revenue was $918 million, driven by higher product revenue quarter over quarter[11]