Santa Clara, CA, August 8, 2024, – PDF Solutions, Inc. (Nasdaq: PDFS), a leading provider of comprehensive data solutions for the semiconductor and electronics ecosystem, today announced financial results for its second quarter ended June 30, 2024.
Financial Highlights of Second Quarter 2024
- Analytics revenues of $38.1 million, up 3% over last year’s comparable quarter
- Quarterly revenues of $41.7 million, flat compared to last year’s comparable quarter
- GAAP gross margin of 71% and Non-GAAP gross margin of 75%
- GAAP diluted earnings per share (EPS) of $0.04 and non-GAAP diluted EPS of $0.18
- Backlog of $243.2 million as of June 30, 2024
Total revenues for the second quarter of 2024 were $41.7 million, compared to $41.3 million for the first quarter of 2024 and $41.6 million for the second quarter of 2023. Analytics revenue for the second quarter of 2024 was $38.1 million, compared to $38.5 million for the first quarter of 2024 and $37.1 million for the second quarter of 2023. Integrated Yield Ramp revenue for the second quarter of 2024 was $3.5 million, compared to $2.8 million for the first quarter of 2024 and $4.5 million for the second quarter of 2023.
GAAP gross margin for the second quarter of 2024 was 71%, compared to 67% for the first quarter of 2024 and 70% for the second quarter of 2023.
Non-GAAP gross margin for the second quarter of 2024 was 75%, compared to 72% for the first quarter of 2024 and 74% for the second quarter of 2023.
On a GAAP basis, net income for the second quarter of 2024 was $1.7 million, or $0.04 per diluted share, compared to a net loss of $0.4 million, or ($0.01) per diluted share, for the first quarter of 2024, and a net income of $6.8 million, or $0.17 per diluted share, for the second quarter of 2023.
Non-GAAP net income for the second quarter of 2024 was $7.1 million, or $0.18 per diluted share, compared to a non-GAAP net income of $5.7 million, or $0.15 per diluted share, for the first quarter of 2024, and non-GAAP net income of $7.5 million, or $0.19 per diluted share, for the second quarter of 2023.
Cash, cash equivalents and short-term investments as of June 30, 2024, were $117.9 million.
財務見通し
“We are pleased with the ongoing progress we are making with our customers. We reiterate our expectation that revenue for the second half of the year will grow by 20% over the comparable period of the prior year.” said John Kibarian, CEO and President.
電話会議
As previously announced, PDF Solutions will discuss these results on a live conference call beginning at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time today. To participate on the live call, analysts and investors should pre-register at: https://register.vevent.com/register/BI8d2f27b911674251b131f618f0692ce0. Registrants will receive dial-in information and a unique passcode to access the call. We encourage participants to dial into the call ten minutes ahead of the scheduled time. The teleconference will also be webcast simultaneously on the Company’s website at https://ir.pdf.com/webcasts. A replay of the conference call webcast will be available after the call on the Company’s investor relations website. A copy of this press release, including the disclosure and reconciliation of certain non-GAAP financial measures to the comparable GAAP measures, which non-GAAP measures may be used periodically by PDF Solutions’ management when discussing financial results with investors and analysts, will also be available on PDF Solutions’ website at http://www.pdf.com/press-releases following the date of this release.
Second Quarter 2024 Financial Commentary Available Online
A Management Report reviewing the Company’s second quarter 2024 financial results will be furnished to the Securities and Exchange Commission on Form 8-K and published on the Company’s website at http://ir.pdf.com/financial-reports. Analysts and investors are encouraged to review this commentary prior to participating in the conference call.
非GAAP財務指標の使用に関する情報
In addition to providing results that are determined in accordance with Accounting Principles Generally Accepted in the United States of America (“GAAP”), PDF Solutions also provides certain non-GAAP financial measures. Non-GAAP gross profit and margin exclude stock-based compensation expense and amortization of acquired technology under costs of revenues. Non-GAAP net income excludes stock-based compensation expense, amortization of acquired technology under costs of revenues, amortizaton of other acquired intangible assets, and the effects of certain non-recurring items, such as expenses related to an arbitration proceeding for a disputed contract with a customer, acquisition-related costs, and their related income tax effects, as applicable, as well as adjustments for the valuation allowance for deferred tax assets and reconciling items. These non-GAAP financial measures are used by management internally to measure the Company’s profitability and performance. PDF Solutions’ management believes that these non-GAAP measures provide useful supplemental information to investors regarding the Company’s ongoing operations in light of the fact that none of these categories of expense has a current effect on the future uses of cash (with the exception of expenses related to an arbitration proceeding for a disputed contract with a customer) nor do they impact the generation of current or future revenues. These non-GAAP results should not be considered an alternative to, or a substitute for, GAAP financial information, and may differ from similarly titled non-GAAP measures used by other companies. In particular, these non-GAAP financial measures are not a substitute for GAAP measures of income or loss as a measure of performance, or to cash flows from operating, investing and financing activities as a measure of liquidity. Since management uses these non-GAAP financial measures internally to measure profitability and performance, PDF Solutions has included these non-GAAP measures to give investors an opportunity to see the Company’s financial results as viewed by management. A reconciliation of the comparable GAAP financial measures to the non-GAAP financial measures is provided at the end of the Company’s condensed consolidated financial statements presented below.
将来の見通しに関する記述
The press release and the planned conference call include forward-looking statements regarding the Company’s future expected business performance and financial results, including expectations about total revenue growth for the second half of 2024, that are subject to future events and circumstances. Actual results could differ materially from those expressed in these forward-looking statements. Risks and uncertainties that could cause results to differ materially include, but are not limited to, risks associated with: expectations about the effectiveness of our business and technology strategies; expectations and integration concerns regarding recent and future acquisitions; current semiconductor industry trends; expectations of continued adoption of the Company’s solutions by new and existing customers; project milestones or delays and performance criteria achieved; cost and schedule of new product development; the continuing impact of global economic trends and rising global inflation and increased interest rates; supply chain disruptions; the success of the Company’s strategic growth opportunities and partnerships; customers’ production volumes under contracts that provide Gainshare royalties; possible impacts from the evolving trade regulatory environment and geopolitical tensions; our ability to obtain additional financing if needed; and other risks set forth in PDF Solutions’ periodic public filings with the Securities and Exchange Commission, including, without limitation, its Annual Report on Form 10-K for the year ended December 31, 2023, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K and amendments to such reports. The forward-looking statements made in the conference call are made as of the date hereof, and PDF Solutions does not assume any obligation to update such statements nor the reasons why actual results could differ materially from those projected in such statements. We have not filed our Form 10-Q for the quarter ended June 30, 2024. As a result, all financial results described in this earnings release should be considered preliminary, and are subject to change to reflect any necessary adjustments or changes in accounting estimates, that are identified prior to the time we file our Form 10-Q.
PDFソリューションについて
PDF Solutions (Nasdaq: PDFS) は、半導体およびエレクトロニクスのエコシステム全体において、製品の歩留まりと品質を向上させ、収益性を高めるための業務効率を改善するための包括的なデータソリューションを提供しています。当社の製品およびサービスは、半導体およびエレクトロニクスのエコシステム全体でフォーチュン500社に選ばれている企業によって使用されており、機器の接続および制御、製造およびテスト作業中に生成されるデータの収集、収益性の高い大量生産を可能にする高度な分析と機械学習の実行により、スマート製造の目標を達成しています。
1991年に設立されたPDF Solutions社は、カリフォルニア州サンタクララに本社を置き、北米、ヨーロッパ、アジアで事業を展開しています。当社は（直接または複数の子会社を通じて）SEMI、INEMI、TPCA、IPC、OPC Foundation、DMDIIの正会員です。PDFソリューションズの最新ニュースや情報、オフィスの所在地については、https://www.pdf.com。
PDF Solutions および PDF Solutions のロゴは、PDF Solutions, Inc またはその子会社の商標または登録商標です。
会社の連絡先
アドナン・ラザ
最高財務責任者
(408) 516-0237
[email protected］
ソニア・セゴビア
投資家対応
(408) 938-6491
[email protected］