Rambus(US:RMBS)2024-02-05 22:31Financial Performance - Rambus delivered strong Q4 2023 results, reaching the high end of guidance, and generated $548 million in cash from operations[7, 15] - The company achieved Q4 product revenue of $537 million[9, 11] - Rambus executed a $100 million accelerated share repurchase program in 2023 and retired remaining debt[14] Balance Sheet Strength - Total cash and marketable securities increased to $4258 million in Q4 2023[17] - Total assets reached $12561 million in Q4 2023[17] - Stockholders' equity grew to $10381 million in Q4 2023[17] Q1 2024 Outlook (Non-GAAP) - Licensing billings are projected to be between $59 million and $65 million[18] - Product revenue is expected to be between $47 million and $53 million[18] - Total operating costs are anticipated to be between $71 million and $75 million[18] Strategic Focus - Rambus is enhancing its strategic focus on differentiated chips and digital IP for data center and AI[7] - The company announced the industry's first Gen4 DDR5 RCD for server memory modules at 7200 MT/s[7]