Business
PDF Solutions® Reports First Quarter 2020 Results
Business Highlights Total revenues of $21.2 million, up 3% over last year’s comparable quarterAnalytics revenues of $13.2 million, up 16% over last year’s
About this update from Pdf Solutions, Inc.
[{"type":"text","content":"Business Highlights\n Total revenues of $21.2 million, up 3% over last year’s comparable quarterAnalytics revenues of $13.2 million, up 16% over last year’s comparable quarterAnalytics accounted for 63% of first quarter revenues GAAP Gross Margin of 60% for the first quarter of 2020Non-GAAP Gross Margin of 65% for the first quarter of 2020Operating activities generated $5.4 million in cash during the first quarter of 2020Cash and cash equivalents of $100.4 million at the end of first quarter of 2020 SANTA CLARA, Calif., May 07, 2020 (GLOBE NEWSWIRE) -- 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 first quarter ended March 31, 2020. Highlights of First Quarter 2020 Financial Results Total revenues for the first quarter of 2020 were $21.2 million, compared to $22.6 million for the fourth quarter of 2019 and $20.5 million for the first quarter of 2019. Analytics revenue for the first quarter of 2020 was $13.2 million, compared to $13.5 million for the fourth quarter of 2019 and $11.4 million for the first quarter of 2019. Integrated Yield Ramp revenue for the first quarter of 2020 was $7.9 million, compared to $9.1 million for the first and fourth quarters of 2019. GAAP gross margin for the first quarter of 2020 of 60%, compared to 60% for the fourth quarter of 2019 and 62% for the first quarter of 2019. Non-GAAP gross margin for the first quarter of 2020 of 65%, compared to 64% for the fourth quarter of 2019 and 67% for the first quarter of 2019. On a GAAP basis, net loss for the first quarter of 2020 was $0.5 million, or ($0.02) per basic and diluted share, compared to net loss of $1.3 million, or ($0.04) per basic and diluted share, for the fourth quarter of 2019, and compared to net loss of $2.7 million, or ($0.08) per basic and diluted share, for the first quarter of 2019. Non-GAAP net loss for the first quarter of 2020 was $0.1 million, or ($0.00) per diluted share, compared to net income of $1.1 million, or $0.03 per diluted share, for the fourth quarter of 2019, and compared to net income of $0.8 million, or $0.03 per diluted share, for the first quarter of 2019. Cash and cash equivalents at March 31, 2020 were $100.4 million, compared to $97.6...