Rambus(US:RMBS)2020-11-03 20:36Financial Performance - Rambus' Q3 2020 revenue was $56.9 million[9], within expectations - Royalty revenue in Q3 2020 was $16.6 million[9] - Licensing billings for Q3 2020 reached $63.1 million[9] - Cash from operations in Q3 2020 was $44.1 million[7, 9], bringing the year-to-date total to $143.4 million[7] Product Growth - Memory interface chip revenue increased by 39% year-over-year in Q3 2020 and is on track for over 50% growth for the full year[7] - Product revenue (chips) in Q3 2020 was up 39% over Q3 2019 to $29.8 million[11] - Contract & Other revenue (~Silicon IP) was $10.5 million in Q3 2020, up 43% over TTM Sep'19[11] Balance Sheet and Outlook - Total cash and marketable securities reached $520.2 million in Q3 2020[15] - Q4 2020 licensing billings outlook is $61 - $67 million[17] - Q4 2020 product revenue outlook is $18 - $24 million[17]