Every material Form 8-K PDF Solutions filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
PDF Solutions reported third-quarter 2024 revenue of $46.4 million, up 10% from a year earlier, with GAAP net income of $2.2 million, or $0.06 per diluted share, compared with a net loss a year earlier. CEO John Kibarian said the company now expects fourth-quarter revenue to grow year over year in line with its 20% long-term growth target, and the company noted the results are preliminary until its Form 10-Q is filed.
Total revenues of $46.4 million, up from $42.4 million in Q3 2023 and $41.7 million in Q2 2024
Analytics revenue of $44.8 million, up 13% year over year; Integrated Yield Ramp revenue of $1.7 million, down from $2.9 million a year earlier
GAAP net income of $2.2 million ($0.06 per diluted share) versus a net loss of $5.0 million ($0.13 per share) in Q3 2023; non-GAAP diluted EPS of $0.25 versus $0.20
Fourth-quarter revenue expected to grow year over year in line with the 20% long-term revenue growth target
PDF Solutions reported second-quarter 2024 results on August 8, 2024. Revenue of $41.7 million was flat year over year, while GAAP net income fell to $1.7 million, or $0.04 per diluted share, from $6.8 million, or $0.17, a year earlier. The company reiterated its expectation for 20% revenue growth in the second half of 2024 and said the results are preliminary until it files its Form 10-Q.
Total revenue of $41.7 million compared with $41.6 million in Q2 2023; analytics revenue rose 3% to $38.1 million.
GAAP net income of $1.7 million, or $0.04 per diluted share, versus $6.8 million, or $0.17, in Q2 2023.
Non-GAAP diluted EPS of $0.18, compared with $0.19 in Q2 2023.
CEO John Kibarian reiterated the expectation that second-half 2024 revenue will grow 20% over the prior-year period.
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.
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.
PDF Solutions reported fourth-quarter and full-year 2023 results, with full-year revenue of $165.8 million, up 12% from $148.5 million in 2022. Fourth-quarter revenue was $41.1 million, up about 1% from a year earlier but down from $42.4 million in the third quarter, and non-GAAP diluted EPS fell to $0.15 from $0.19. Management expects first-half 2024 revenue to be flat year over year and second-half revenue to grow 20%, and the company says its 2023 results are preliminary until its Form 10-K is filed.
Full-year 2023 revenue was $165.8 million, up 12%; full-year GAAP diluted EPS was $0.08 versus a loss of $0.09 in 2022
Q4 2023 revenue was $41.1 million, up from $40.5 million a year earlier but down from $42.4 million in Q3 2023
Q4 2023 non-GAAP diluted EPS was $0.15, compared with $0.19 in Q4 2022 and $0.20 in Q3 2023
Management expects revenue for the first half of 2024 to be flat year over year and for the second half to grow 20%
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