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AI brief of an SEC Form 8-K · PDF Solutions (PDFS)

PDF Solutions Q1 revenue up 1% to $41.3 million; swings to GAAP net loss

Mixed Impact 3 of 5 earnings Written later

PDF Solutions reported first-quarter 2024 revenue of $41.3 million, up 1% from a year earlier, but swung to a GAAP net loss of $0.4 million, or $0.01 per diluted share, from a $0.4 million profit a year earlier. Non-GAAP diluted earnings per share fell to $0.15 from $0.19. Management expects second-half 2024 revenue to grow 20% over the prior-year period and adopted a new $40 million, two-year stock repurchase program in April 2024.

Key points

  • Q1 2024 total revenue was $41.3 million, up 1% from $40.8 million in Q1 2023; Analytics revenue was $38.5 million, up 6%.
  • GAAP net loss was $0.4 million, or $0.01 per diluted share, versus net income of $0.4 million, or $0.01 per share, in Q1 2023.
  • Non-GAAP diluted EPS was $0.15, down from $0.19 in Q1 2023; GAAP gross margin was 67%, down from 71%.
  • CEO John Kibarian said the company continues to expect second-half 2024 revenue to grow 20% over the prior-year period; a new $40 million, 2-year buyback was adopted in April 2024.

The filing

CompanyPDF Solutions (PDFS)
Form8-K, current report
Filed with the SECMay 9, 2024, 4:12 PM ET
Accession number0001558370-24-007614

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 09, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.