Oct 31, 2019 – Santa Clara, Calif. (PDF Solutions, Inc.)
PDF Solutions, Inc. (“PDF Solutions” or the “Company”) (NASDAQ: PDFS), a leading provider of differentiated data and analytics solutions to the semiconductor and electronics industries, today announced financial results for its third fiscal quarter ended September 30, 2019.
HIGHLIGHTS OF THIRD FISCAL QUARTER 2019 FINANCIAL RESULTS
Total revenues for the third fiscal quarter of 2019 were $21.9 million, compared to $20.6 million for the second fiscal quarter of 2019 and $20.2 million for the third fiscal quarter of 2018. Solutions revenue for the third fiscal quarter of 2019 was $16.2 million, compared to $13.4 million for the second fiscal quarter of 2019 and $14.0 million for the third fiscal quarter of 2018. “With more than 50% of total Solutions revenue in the third quarter coming from analytics-based deals and another strong bookings quarter of primarily analytics-based deals, PDF Solutions continues its strategic evolution to be the provider of choice for end-to-end analytics and manufacturing controls to the semiconductor and electronics industry,” said John Kibarian, Chief Executive Officer and President of the company.
Gainshare performance incentives revenue for the third fiscal quarter of 2019 was $5.7 million, compared to $7.1 million for the second fiscal quarter of 2019 and $6.2 million for the third fiscal quarter of 2018.
Third fiscal quarter 2019 gross margin of 60%, an improvement from 47% in the third fiscal quarter of 2018, was due primarily to higher Solutions revenue and lower headcount, primarily related to reductions in our yield ramp engagements as we focus on our analytics opportunities.
On a GAAP basis, net loss for the third fiscal quarter of 2019 was $0.7 million, or ($0.02) per basic and diluted share, compared to net loss of $0.7 million, or ($0.02) per basic and diluted share, for the second fiscal quarter of 2019, and compared to net loss of $2.1 million, or ($0.06) per basic and diluted share, for the third fiscal quarter of 2018.
Non-GAAP net income for the third fiscal quarter of 2019 was $1.6 million, or $0.05 per diluted share, compared to net income of $1.0 million, or $0.03 per diluted share, for the second fiscal quarter of 2019, and compared to net income of $0.2 million, or $0.01 per diluted share, for the third fiscal quarter of 2018.
Cash and cash equivalents at September 30, 2019, were $100.3 million, compared to $96.1 million at December 31, 2018, an increase of $4.2 million. Operating activities generated $23.0 million in cash during the nine months ended September 30, 2019, in part due to the collection of a significant amount of long-outstanding accounts receivables during the third quarter of fiscal 2019.
电话会议
正如之前所宣布的，PDF Solutions 将于太平洋时间今天下午 2:00 开始，东部时间今天下午 5:00 开始，在现场电话会议上讨论这些结果。电话会议将同时在 PDF Solutions 的网站http://ir.pdf.com/webcasts 上进行网络直播。直播电话会议结束约两小时后，将在同一网站上重播。PDF Solutions 管理层在与投资者和分析师讨论财务业绩时可能会定期使用非 GAAP 指标，本新闻稿的副本，包括某些非 GAAP 财务指标与可比 GAAP 指标的披露和对账，也将在本新闻稿发布后在 PDF Solutions 网站/press-releases上提供。
THIRD FISCAL QUARTER 2019 FINANCIAL COMMENTARY AVAILABLE ONLINE
A Management Report reviewing the Company’s third fiscal quarter 2019 financial results will be furnished to the SEC 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 webcast.
关于使用非美国通用会计准则财务指标的信息
In addition to providing results that are determined in accordance with Generally Accepted Accounting Principles in the United States of America (GAAP), PDF Solutions also provides certain non-GAAP financial measures. Non-GAAP net income excludes the effects of non-recurring items (including adjustment to contingent consideration related to acquisition, restructuring charges and severance payments), stock-based compensation expense, amortization of acquired technology and other acquired intangible assets, and their related income tax effects, as applicable, as well as adjusts for the non-cash portion of income taxes. 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 certain non-recurring items) 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 financial statements presented below.
前瞻性陈述
本新闻稿和计划召开的电话会议中有关公司未来预期经营业绩和财务结果的表述为前瞻性表述，受未来事件和情况的影响。实际结果可能与这些前瞻性声明中表述的结果存在实质性差异。可能导致结果出现重大差异的风险和不确定因素包括与以下方面相关的风险：客户在提供收益分成特许权使用费的合同下的产量、新产品开发的成本和进度；新老客户对公司解决方案的持续采用；项目里程碑或延误以及达到的性能标准；在执行最终合同之前提供技术和服务；以及 PDF Solutions 定期向美国证券交易委员会提交的公开文件中规定的其他风险，包括但不限于其截至 2018 年 12 月 31 日的 10-K 表年报、10-Q 表季报、8-K 表当前报告及此类报告的修订版。电话会议中的前瞻性声明是截至本声明发布之日做出的，PDF Solutions 不承担更新此类声明的任何义务，也不承担实际结果可能与此类声明中预测的结果存在实质性差异的原因。
关于 PDF 解决方案
PDF Solutions（纳斯达克股票代码：PDFS）提供端到端分析平台，帮助整个半导体生态系统的工程师和数据科学家迅速提高产品的良率、质量和盈利能力。通过将行业领先的数据分析和专业服务与制造过程中产生的独家差异化产品数据相结合，PDF Solutions 正在通过改变生态系统收集、分析和共享数据的方式，兑现当今工业 4.0 的承诺。全球主要的财富 500 强企业都依赖 PDF Solutions 来消除阻碍和限制新产品推出的数据障碍，并提供机器学习洞察力，以推动高效、盈利的大批量生产。
PDF Solutions 公司总部位于加利福尼亚州圣克拉拉，业务遍及全球，包括加拿大、中国、法国、德国、意大利、日本、韩国和台湾。有关公司的最新消息和信息，请访问 /。
CV, Exensio, PDF Solutions, and the PDF Solutions logo are registered trademarks of PDF Solutions, Inc. or its subsidiaries. DFI is a trademark of PDF Solutions, Inc. or its subsidiaries.
公司联系方式
克里斯蒂娜-罗素
财务执行副总裁兼首席财务官
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索尼娅-塞戈维亚
投资者关系协调员
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莱瑟姆合作伙伴
Joe Diaz、Joe Dorame 或 Robert Blum
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