Monolithic System Technology, Inc. Reports 2001 Record Net Income up 426% Over Last Year

1/24/2002 - Monolithic System Technology, Inc., (“MoSys,”) (NASDAQ: MOSY) today reported financial results for its fourth quarter and year ended December 31, 2001. Net revenue for the quarter was $6.7 million, an increase of 27% over the fourth quarter of 2000. Product revenue in the quarter declined to $3.1 million from $4.7 million in the fourth quarter of 2000. Revenue from intellectual property licensing, which consists of licensing revenue and royalty revenue, exceeded revenue from the sale of stand-alone memory products. Licensing revenue for the quarter was $1.7 million, or 25% of total revenue, compared to $638,000 in the fourth quarter of 2000. Royalty revenue in the fourth quarter was $1.9 million or 28% of total revenue.

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